What is Assicurazioni Generali Return-on-Tangible-Asset?
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Assicurazioni Generali's annualizedNet Income for the quarter that ended in Sep. 2023 was $0 Mil. Assicurazioni Generali's average total tangible assets for the quarter that ended in Sep. 2023 was $542,959 Mil. Therefore, Assicurazioni Generali's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was 0.00%.
The historical rank and industry rank for Assicurazioni Generali's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Assicurazioni Generali's highest Return-on-Tangible-Asset was 0.54%. The lowest was 0.34%. And the median was 0.43%.
ARZGY's Return-on-Tangible-Asset is not ranked *
in the Insurance industry.
Industry Median: 2.045 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Assicurazioni Generali Return-on-Tangible-Asset Historical Data
The historical data trend for Assicurazioni Generali's Return-on-Tangible-Asset 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 Assicurazioni Generali's Return-on-Tangible-Asset
For the Insurance - Diversified subindustry, Assicurazioni Generali's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Assicurazioni Generali's Return-on-Tangible-Asset Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Assicurazioni Generali's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Assicurazioni Generali's Return-on-Tangible-Asset 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Sep. 2023) net income data.
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Assicurazioni Generali Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Assicurazioni Generali's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Assicurazioni Generali (Assicurazioni Generali) Business Description
The roots of Generali date back to the 1830s and the Bora wind and rough seas that hit the Trieste region. Over that decade Generali sought to expand throughout Italy, but this growth was held back by the fragmented nature of Italy. The Italian Revolution in the 1840s paved the way for easier expansion in the country. After the First World War Trieste was eventually handed back to Italy. The dissolution of the Austro-Hungarian Empire created a fragmented Europe and a fragmented Generali. While to this day Generali remains quite a diversified company, its core operations remain in historical Austro-Hungarian countries of Italy, Germany, Austria, and Central and Eastern Europe. This is the case in Generali's nonlife business. France is also an important contributor to life and savings.
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