Royal Bank of Canada (Royal Bank of Canada) Efficiency Overhead Ratio % : 0.00% (As of Oct. 2023)

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What is Royal Bank of Canada Efficiency Overhead Ratio %?

Efficiency Overhead Ratio % for banks is non-interest expenses divided by revenue. It helps show how well banks control their overhead expenses. A lower Efficiency Overhead Ratio suggests that the bank is operating better.

Royal Bank of Canada's Efficiency Overhead Ratio % for the annual that ended in Oct. 2023 was 55.50% , which is higher than 54.30% for the pervious year ended in Oct. 2022.

The historical rank and industry rank for Royal Bank of Canada's Efficiency Overhead Ratio % or its related term are showing as below:

RY's Efficiency Overhead Ratio % is not ranked ^*
in the Banks industry.
Industry Median:
* Ranked among companies with meaningful Efficiency Overhead Ratio % only.

Royal Bank of Canada Efficiency Overhead Ratio % Historical Data

The historical data trend for Royal Bank of Canada's Efficiency Overhead Ratio % 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.

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Royal Bank of Canada Efficiency Overhead Ratio % Chart

Royal Bank of Canada Annual Data

Trend

Oct22

Oct23

Efficiency Overhead Ratio %

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Capital Adequacy Tier - Tier 1 Ratio %

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Capital Adequacy Tier - Leverage Ratio %

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Capital Adequacy Tier - Total Capital Ratio %

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Royal Bank of CanadaQuarterly Data

Trend

Oct22

Oct23

Efficiency Overhead Ratio %

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Capital Adequacy Tier - Tier 1 Ratio %

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Capital Adequacy Tier - Leverage Ratio %

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Capital Adequacy Tier - Total Capital Ratio %

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Competitive Comparison of Royal Bank of Canada's Efficiency Overhead Ratio %

For the Banks - Diversified subindustry, Royal Bank of Canada's Efficiency Overhead Ratio %, along with its competitors' market caps and Efficiency Overhead Ratio % 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.

Royal Bank of Canada (NYSE:RY) Efficiency Overhead Ratio % Calculation

Efficiency Overhead Ratio % is calculated as

Efficiency Overhead Ratio %

Non-interest Expenses

Revenue

Royal Bank of Canada (NYSE:RY) Efficiency Overhead Ratio % Explanation

Efficiency Overhead Ratio % is typically used to analyze how well a company uses its assets and liabilities. It typically calculates the turnover of receivables, the repayment of liabilities, etc. In the banking industry, Efficiency Overhead Ratio % specifically refers to non-interest expenses divided by revenue. This ratio shows how well banks control their overhead expenses and allows analysts to assess their performance.

An Efficiency Overhead Ratio lower than 50% is considered to be optimal. If the Efficiency Overhead Ratio decreases, it means the bank’s expenses are decreasing and revenues are increasing, suggesting the bank is operating better.

Royal Bank of Canada Efficiency Overhead Ratio % Related Terms

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Royal Bank of Canada (Royal Bank of Canada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Royal Bank of Canada (NYSE:RY) » Definitions » Efficiency Overhead Ratio %

Comparable Companies

Traded in Other Exchanges

RYC:Germany RYC:Germany RY.PR.S.PFD:Canada RY.PR.Z.PFD:Canada RY.PR.O.PFD:Canada RY.PR.N.PFD:Canada RY.PR.M.PFD:Canada RY.PR.J.PFD:Canada RY.PR.H.PFD:Canada RY:Canada

Address

1 Place Ville-Marie, Corporate Secretary's Department, Montreal, QC, CAN, H3B 3A9

Website

https://www.rbc.com

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.