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Sumitomo Mitsui Financial Group Return-on-Tangible-Asset

: 0.13% (As of Mar. 2022)
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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. Sumitomo Mitsui Financial Group's annualized Net Income for the quarter that ended in Mar. 2022 was $2,761 Mil. Sumitomo Mitsui Financial Group's average total tangible assets for the quarter that ended in Mar. 2022 was $2,179,707 Mil. Therefore, Sumitomo Mitsui Financial Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2022 was 0.13%.

The historical rank and industry rank for Sumitomo Mitsui Financial Group's Return-on-Tangible-Asset or its related term are showing as below:

SMFG' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.22   Med: 0.37   Max: 0.54
Current: 0.29

During the past 13 years, Sumitomo Mitsui Financial Group's highest Return-on-Tangible-Asset was 0.54%. The lowest was 0.22%. And the median was 0.37%.

SMFG's Return-on-Tangible-Asset is ranked worse than
86.21% of 1487 companies
in the Banks industry
Industry Median: 0.96 vs SMFG: 0.29

Sumitomo Mitsui Financial Group Return-on-Tangible-Asset Historical Data

The historical data trend for Sumitomo Mitsui Financial Group'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.

* Premium members only.

Sumitomo Mitsui Financial Group Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Return-on-Tangible-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.35 0.34 0.22 0.27

Sumitomo Mitsui Financial Group Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 0.34 0.28 0.42 0.13

Competitive Comparison

For the Banks - Diversified subindustry, Sumitomo Mitsui Financial Group'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.

   

Sumitomo Mitsui Financial Group Return-on-Tangible-Asset Distribution

For the Banks industry and Financial Services sector, Sumitomo Mitsui Financial Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Sumitomo Mitsui Financial Group's Return-on-Tangible-Asset falls into.



Sumitomo Mitsui Financial Group Return-on-Tangible-Asset Calculation

Sumitomo Mitsui Financial Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2022 )  (A: Mar. 2021 )(A: Mar. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2022 )  (A: Mar. 2021 )(A: Mar. 2022 )
=5959.2384383533/( (2224908.4767031+2165723.0467189)/ 2 )
=5959.2384383533/2195315.761711
=0.27 %

Sumitomo Mitsui Financial Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2022 )  (Q: Dec. 2021 )(Q: Mar. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2022 )  (Q: Dec. 2021 )(Q: Mar. 2022 )
=2760.5935026405/( (2193690.5850593+2165723.0467189)/ 2 )
=2760.5935026405/2179706.8158891
=0.13 %

* 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 (Mar. 2022) net income data.


Sumitomo Mitsui Financial Group  (NYSE:SMFG) Return-on-Tangible-Asset Explanation

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 company’s 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 company’s 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.


Sumitomo Mitsui Financial Group Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Sumitomo Mitsui Financial Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Sumitomo Mitsui Financial Group Business Description

Sumitomo Mitsui Financial Group logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6029
Address
1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second- largest bank after Mitsubishi UFJ Financial Group. As of March 2021, its market share of domestic loans was 7.0%, compared with 8.5% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third- largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management, areas that it is working on strengthening.

Sumitomo Mitsui Financial Group Headlines

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