What is People's United Financial 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. People's United Financial's annualizedNet Income for the quarter that ended in Dec. 2021 was $600 Mil. People's United Financial's average total tangible assets for the quarter that ended in Dec. 2021 was $61,343 Mil. Therefore, People's United Financial's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2021 was 0.98%.
The historical rank and industry rank for People's United Financial's Return-on-Tangible-Asset or its related term are showing as below:
PBCT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.42 Med: 0.85 Max: 1.16
Current: 1
During the past 13 years, People's United Financial's highest Return-on-Tangible-Asset was 1.16%. The lowest was 0.42%. And the median was 0.85%.
PBCT's Return-on-Tangible-Asset is not ranked
in the Banks industry.
Industry Median: 0.9
vs PBCT: 1.00
People's United Financial Return-on-Tangible-Asset Historical Data
The historical data trend for People's United Financial'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.
People's United Financial Return-on-Tangible-Asset Chart
Competitive Comparison of People's United Financial's Return-on-Tangible-Asset
For the Banks - Regional subindustry, People's United Financial'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.
People's United Financial's Return-on-Tangible-Asset Distribution in the Banks Industry
For the Banks industry and Financial Services sector, People's United Financial's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where People's United Financial's Return-on-Tangible-Asset falls into.
People's United Financial Return-on-Tangible-Asset Calculation
People's United Financial's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2021 is calculated as:
* 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 (Dec. 2021) net income data.
People's United Financial (NAS:PBCT) 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 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.
People's United Financial Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of People's United Financial's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
People's United Financial (People's United Financial) Business Description
People's United Financial Inc is a United States-based bank holding company. It operates in two segments: Commercial and Retail Banking. Commercial Banking includes commercial real estate lending, middle market, and business banking, mortgage warehouse and asset-based lending, and the equipment financing operations of PCLC, PUEFC, and LEAF. It also provides treasury management services, capital market capabilities, and commercial deposit products. Retail Banking includes consumer lending and consumer deposit gathering activities. The vast majority of its revenue is generated from the Commercial Banking segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PBCT has been successfully added to your 