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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. Ameriprise Financial's annualized net income for the quarter that ended in Mar. 2024 was $3,960 Mil. Ameriprise Financial's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $4,804 Mil. Therefore, Ameriprise Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 82.43%.
The historical rank and industry rank for Ameriprise Financial's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Ameriprise Financial's highest Return-on-Tangible-Equity was 72.24%. The lowest was 19.48%. And the median was 29.96%.
The historical data trend for Ameriprise Financial'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.
Ameriprise Financial Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 33.45 | 26.46 | 57.88 | 64.63 | 59.92 |
Ameriprise Financial Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 41.98 | 86.58 | 88.25 | 35.26 | 82.43 |
For the Asset Management subindustry, Ameriprise Financial'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.
For the Asset Management industry and Financial Services sector, Ameriprise Financial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ameriprise Financial's Return-on-Tangible-Equity falls into.
Ameriprise Financial's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 2556 | / | ( (3803 | + | 4729 ) | / 2 ) | |
= | 2556 | / | 4266 | ||||
= | 59.92 % |
Ameriprise Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 3960 | / | ( (4729 | + | 4879) | / 2 ) | |
= | 3960 | / | 4804 | ||||
= | 82.43 % |
* 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. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Ameriprise Financial (NYSE:AMP) 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.
Thank you for viewing the detailed overview of Ameriprise Financial's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph Edward Sweeney | officer: Pres - Fin Pln Prdcts and Serv | AMERIPRISE FINANCIAL, INC., 707 SECOND AVENUE SOUTH, MINNEAPOLIS MN 55474 |
Walter Stanley Berman | director, officer: Executive VP and CFO | AMERIPRISE FINANCIAL, INC., 707 SECOND AVENUE SOUTH, MINNEAPOLIS MN 55474 |
James M Cracchiolo | director, officer: Chairman and CEO | |
Gerard P. Smyth | officer: EVP Technology and CIO | 1099 AMERIPRISE FINANCIAL, MINNEAPOLIS MN 55474 |
Gumer Alvero | officer: President-Insurance&Annuities | GENERAL COUNSEL'S OFFICE, 1098 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474 |
William F Truscott | officer: Pres - U.S. Asset Mgmt, CIO | AMERIPRISE FINANCIAL, INC., 50591 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474 |
Heather J. Melloh | officer: EVP and General Counsel | GENERAL COUNSEL'S OFFICE, 1098 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474 |
Dawn M. Brockman | officer: Interim Controller and PAO | GENERAL COUNSEL'S OFFICE, 1098 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474 |
Armando Jr Pimentel | director | C/O NEXTERA ENERGY, INC., 700 UNIVERSE BLVD., JUNO BEACH FL 33408 |
Sharpe Robert Francis Jr | director | AMERIPRISE FINANCIAL, INC., 50591 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474 |
Karen Wilson Thissen | officer: Executive VP and GC | 1098 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474 |
William Davies | officer: Executive VP, Global CIO | GENERAL COUNSEL'S OFFICE, 1098 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474 |
John R. Hutt | officer: Sr Vice Pres and Controller | 1099 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474 |
John Robert Woerner | officer: Senior VP - Str Plan, Bus Dev | AMERIPRISE FINANCIAL, INC., 707 SECOND AVENUE SOUTH, MINNEAPOLIS MN 55474 |
Moore Colin | officer: EVP & Global CIO | C/O PUTNAM LLC, ONE POST OFFICE SQ, BOSTON MA 02109 |
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