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. Sompo Holdings's annualizedNet Income for the quarter that ended in Dec. 2023 was 円766,088 Mil. Sompo Holdings's average total tangible assets for the quarter that ended in Dec. 2023 was 円13,779,640 Mil. Therefore, Sompo Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 5.56%.
The historical rank and industry rank for Sompo Holdings's Return-on-Tangible-Asset or its related term are showing as below:
TSE:8630'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.48 Med: 1.2 Max: 3.33
Current: 3.33
During the past 13 years, Sompo Holdings's highest Return-on-Tangible-Asset was 3.33%. The lowest was 0.48%. And the median was 1.20%.
TSE:8630's Return-on-Tangible-Asset is ranked better than 64.62% of 489
companies
in the Insurance industry
Industry Median: 2.04
vs TSE:8630: 3.33
Sompo Holdings Return-on-Tangible-Asset Historical Data
The historical data trend for Sompo Holdings'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 Sompo Holdings's Return-on-Tangible-Asset
For the Insurance - Property & Casualty subindustry, Sompo Holdings'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.
Sompo Holdings's Return-on-Tangible-Asset Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Sompo Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Sompo Holdings'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 (Dec. 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.
Sompo Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Sompo Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Sompo Holdings was formed in 2010 after the merger of the former Sompo Japan and Nipponkoa Insurance. The name Sompo, which literally just means "nonlife insurance" in Japanese, was adopted as a common brand in 2001 for a planned three-way merger of Yasuda Fire, Nissan Fire, and Taisei Fire, although that deal had to be reworked after Taisei Fire's sudden bankruptcy from Sept. 11 losses. In the last few years Sompo has worked to integrate the former Nipponkoa, which before the merger had been somewhat of an industry laggard, to improve overall efficiency. Although Nissan Fire is one of its predecessor firms, in reality Sompo's development has been mainly driven by the former Yasuda Fire and the group has balanced ties to most of Japan's automakers, rather than focusing on Nissan.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSE:8630 has been successfully added to your 