What is Credito Emiliano Return-on-Tangible-Equity?
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. Credito Emiliano's annualized net income for the quarter that ended in Mar. 2024 was €644 Mil. Credito Emiliano's average shareholder tangible equity for the quarter that ended in Mar. 2024 was €3,360 Mil. Therefore, Credito Emiliano's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 19.16%.
The historical rank and industry rank for Credito Emiliano's Return-on-Tangible-Equity or its related term are showing as below:
MIL:CE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.35 Med: 8.59 Max: 18.36
Current: 18.36
During the past 13 years, Credito Emiliano's highest Return-on-Tangible-Equity was 18.36%. The lowest was 6.35%. And the median was 8.59%.
MIL:CE's Return-on-Tangible-Equity is ranked better than 84.12% of 1455
companies
in the Banks industry
Industry Median: 10.7
vs MIL:CE: 18.36
Credito Emiliano Return-on-Tangible-Equity Historical Data
The historical data trend for Credito Emiliano'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.
Competitive Comparison of Credito Emiliano's Return-on-Tangible-Equity
For the Banks - Regional subindustry, Credito Emiliano'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.
Credito Emiliano's Return-on-Tangible-Equity Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Credito Emiliano's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Credito Emiliano's Return-on-Tangible-Equity falls into.
* 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 four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Credito Emiliano Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Credito Emiliano's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Credito Emiliano is a banking group that consists of several financial services companies. The group operates in multiple regions throughout Italy, particularly in the north and central portions of the country. Its activities principally include commercial banking, including retail services and small and medium enterprise banking, asset management, bancassurance as well as Trading services, and treasury. The group's distribution network targeting retail and corporate banking customers includes branches, business centers, and financial outlets. Its wealth management activities include mutual fund management, portfolio management, as well as private equity and hedge fund offerings. The bank's funding sources derive from direct bank deposits, insurance reserves, and assets under management.
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