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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Flaherty & Crumrine Preferred andome Securities Fundorporated's annualized net income for the quarter that ended in Nov. 2023 was $92.95 Mil. Flaherty & Crumrine Preferred andome Securities Fundorporated's average shareholder tangible equity for the quarter that ended in Nov. 2023 was $720.09 Mil. Therefore, Flaherty & Crumrine Preferred andome Securities Fundorporated's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2023 was 12.91%.
The historical rank and industry rank for Flaherty & Crumrine Preferred andome Securities Fundorporated's Return-on-Tangible-Equity or its related term are showing as below:
During the past 7 years, Flaherty & Crumrine Preferred andome Securities Fundorporated's highest Return-on-Tangible-Equity was 19.40%. The lowest was -17.62%. And the median was 7.73%.
The historical data trend for Flaherty & Crumrine Preferred andome Securities Fundorporated's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Flaherty & Crumrine Preferred andome Securities Fundorporated Annual Data | ||||||||||||||||
Trend | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 19.40 | 7.83 | 7.73 | -17.62 | 0.89 |
Flaherty & Crumrine Preferred andome Securities Fundorporated Semi-Annual Data | |||||||||||||
Nov17 | May18 | Nov18 | May19 | Nov19 | May20 | Nov20 | May21 | Nov21 | May22 | Nov22 | May23 | Nov23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 3.50 | -23.58 | -11.58 | -10.72 | 12.91 |
For the Asset Management subindustry, Flaherty & Crumrine Preferred andome Securities Fundorporated's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Asset Management industry and Financial Services sector, Flaherty & Crumrine Preferred andome Securities Fundorporated's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Flaherty & Crumrine Preferred andome Securities Fundorporated's Return-on-Tangible-Equity falls into.
Flaherty & Crumrine Preferred andome Securities Fundorporated's annualized Return-on-Tangible-Equity for the fiscal year that ended in Nov. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Nov. 2023 ) | (A: Nov. 2022 ) | (A: Nov. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Nov. 2023 ) | (A: Nov. 2022 ) | (A: Nov. 2023 ) | |||||
= | 6.725 | / | ( (774.446 | + | 731.282 ) | / 2 ) | |
= | 6.725 | / | 752.864 | ||||
= | 0.89 % |
Flaherty & Crumrine Preferred andome Securities Fundorporated's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Nov. 2023 ) | (Q: May. 2023 ) | (Q: Nov. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Nov. 2023 ) | (Q: May. 2023 ) | (Q: Nov. 2023 ) | |||||
= | 92.95 | / | ( (708.896 | + | 731.282) | / 2 ) | |
= | 92.95 | / | 720.089 | ||||
= | 12.91 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Nov. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Flaherty & Crumrine Preferred andome Securities Fundorporated (NYSE:FFC) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of Flaherty & Crumrine Preferred andome Securities Fundorporated's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert F Wulf | director | 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101 |
Chad Conwell | officer: VP & Asst. Compliance Officer | 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101 |
Robert M Ettinger | officer: President | 301 E COLORADO BLVD STE 720, PASADENA CA 91101 |
Karen Hanovice Hogan | director | 301 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101 |
Bank Of America Na | 10 percent owner | 100 N. TRYON STREET, CHARLOTTE NC 28255 |
Merrill Lynch, Pierce, Fenner & Smith Inc. | 10 percent owner | 4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080 |
Bank Of America Corp /de/ | 10 percent owner | BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255 |
Stanley Morgan | 10 percent owner | 1585 BROADWAY, NEW YORK NY 10036 |
Christopher Douglas Ryan | officer: Vice President | 310 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101 |
Robert E Chadwick | officer: CFO, VP, Treasurer & Secretary | 301 E COLORADO BLVD STE 720, PASADENA CA 91101 |
Laurie C Lodolo | officer: Asst CCO, Asst Treas, Asst Sec | 301 E. COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101 |
Donald F Crumrine | director, officer: Chairman, CEO | 301 E COLORADO BLVD STE 720, PASADENA CA 91101 |
Peter C Stimes | officer: VP,CFO,Chief Acct Of,Treasurer | 301 E COLORADO BLVD STE 720, PASADENA CA 91101 |
Martin Brody | director | C/O HMK ASSOCIATES, 30 COLUMBIA TURNPIKE, FLORHAM PARK NJ 07932 |
Flaherty & Crumrine Inc | other: Investment Adviser | 301 E. COLORADO BLVD, SUITE 720, PASADENA CA 91101 |
From GuruFocus
By GuruFocus Research • 09-21-2023
By GuruFocus Research • 01-23-2024
By GuruFocus Research • 10-23-2023
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