What is Artio Global Investors, Return-on-Tangible-Equity?
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Artio Global Investors,'s annualized net income for the quarter that ended in Mar. 2013 was €-33.17 Mil. Artio Global Investors,'s average shareholder tangible equity for the quarter that ended in Mar. 2013 was €105.23 Mil. Therefore, Artio Global Investors,'s annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2013 was -31.52%.
The historical rank and industry rank for Artio Global Investors,'s Return-on-Tangible-Equity or its related term are showing as below:
FRA:A1I's Return-on-Tangible-Equity is not ranked *
in the Asset Management industry.
Industry Median: 5.225 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Artio Global Investors, Return-on-Tangible-Equity Historical Data
The historical data trend for Artio Global Investors,'s Return-on-Tangible-Equity 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.
Artio Global Investors, Return-on-Tangible-Equity Chart
Competitive Comparison of Artio Global Investors,'s Return-on-Tangible-Equity
For the Asset Management subindustry, Artio Global Investors,'s Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Artio Global Investors,'s Return-on-Tangible-Equity Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Artio Global Investors,'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Artio Global Investors,'s Return-on-Tangible-Equity falls into.
Artio Global Investors, Return-on-Tangible-Equity Calculation
Artio Global Investors,'s annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2012 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2013) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Artio Global Investors, (FRA:A1I) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Artio Global Investors, Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Artio Global Investors,'s Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Artio Global Investors, (FRA:A1I) Business Description
Artio Global Investors Inc. was incorporated in Delaware. The Company is an asset management Company that provides investment management services to institutional and mutual fund clients. In addition to International Equity, it offers a select group of other equity and fixed income strategies, including Global Equity, a series of U.S. Equity strategies, High Grade Fixed Income, High Yield and Local Emerging Markets Debt. Currently, it manage and advise the following investment vehicles through which clients can access its investment capabilities: proprietary funds; commingled institutional investment vehicles; institutional separate accounts; sub-advisory accounts; and a hedge fund. Its operations and clients are based principally in the U.S.; however, a substantial portion of its AuM is invested outside of the U.S. Its revenues are mainly billed in U.S. dollars, driven by investment management fees earned from managing clients' assets, and are calculated on the U.S. dollar value of the investment assets it manage for clients. Its distribution efforts target institutions and organizations that demonstrate institutional buying behavior and longer-term investment horizons, such as pension fund consultants, broker dealers, registered investment advisors ('RIAs'), mutual fund platforms and sub-advisory relationships, enabling it to achieve significant leverage from its focused sales force and client service infrastructure. It also manage assets for more than 700,000 retail mutual fund shareholders through SEC-registered funds and other retail investors through 10 funds that it sub-advise for others. It competes in all aspects of its business with other investment management companies. The Company's business is subject to extensive regulation in the U.S. at both the federal and state level, as well as by self-regulatory organizations and outside the U.S.
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