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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. Oppenheimer Holdings's annualized net income for the quarter that ended in Mar. 2024 was $104 Mil. Oppenheimer Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $619 Mil. Therefore, Oppenheimer Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 16.84%.
The historical rank and industry rank for Oppenheimer Holdings's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Oppenheimer Holdings's highest Return-on-Tangible-Equity was 27.20%. The lowest was -0.34%. And the median was 5.82%.
The historical data trend for Oppenheimer Holdings'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.
Oppenheimer Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 13.27 | 26.21 | 27.20 | 5.06 | 4.88 |
Oppenheimer Holdings Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 9.32 | -6.02 | 9.03 | 7.27 | 16.84 |
For the Capital Markets subindustry, Oppenheimer Holdings'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 Capital Markets industry and Financial Services sector, Oppenheimer Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Oppenheimer Holdings's Return-on-Tangible-Equity falls into.
Oppenheimer Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 30.179 | / | ( (624.244 | + | 612.664 ) | / 2 ) | |
= | 30.179 | / | 618.454 | ||||
= | 4.88 % |
Oppenheimer Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 104.216 | / | ( (612.664 | + | 625.096) | / 2 ) | |
= | 104.216 | / | 618.88 | ||||
= | 16.84 % |
* 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.
Oppenheimer Holdings (NYSE:OPY) 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 Oppenheimer Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Stacy J. Kanter | director | C/O APPLIED THERAPEUTICS, INC., 340 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10173 |
Evan Behrens | director | C/O SEACOR HOLDINGS INC., 2200 ELLER DRIVE, P.O. BOX 13038, FORT LAUDERDALE FL 33316 |
Brad M Watkins | officer: CFO | 72 CANDY LANE, SYOSSET NY 11791 |
Paul M Friedman | director | 11 DEERFIELD LANE, SCARSDALE NY 10583 |
R Lawrence Roth | director | C/O OPPENHEIMER HOLDINGS INC., 85 BROAD STREET, NEW YORK NY 10004 |
A Winn Oughtred | director | 52 MAPLE AVE, TORONTO ONTARIO A6 M4W 2T7 |
Timothy Martin Dwyer | director | 60 BEACON HILL ROAD, NEW CANAAN CT 06840 |
William Ehrhardt | director | 101 PARK BLVD NORTH, VENICE FL 34285 |
Teresa Glasser | director | 1044 GRAND ISLE TERRACE, PALM BEACH GARDENS FL 33418 |
Robert S Lowenthal | director | 85 BROAD STREET, NEW YORK NY 10004 |
Albert G Lowenthal | director, 10 percent owner, officer: CEO | OPPENHEIMER HOLDINGS INC., 85 BROAD STREET, NEW YORK NY 10004 |
Jeffrey J Alfano | officer: CFO | C/O OPPENHEIMER & CO. INC., 85 BROAD STREET, NEW YORK NY 10004 |
Dennis P Mcnamara | officer: Secretary | C/O OPPENHEIMER & CO. INC., 85 BROAD STREET, NEW YORK NY 10004 |
Morris Goldfarb | director | C/O G-III APPAREL GROUP, 345 W 37TH ST, NY NY 10018 |
Richard Crystal | director | 41 BLACK BIRCH LN, SCARSDALE NY 10583 |
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