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. VZ Holding AG's annualized net income for the quarter that ended in Dec. 2023 was €212.9 Mil. VZ Holding AG's average shareholder tangible equity for the quarter that ended in Dec. 2023 was €850.4 Mil. Therefore, VZ Holding AG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 25.04%.
The historical rank and industry rank for VZ Holding AG's Return-on-Tangible-Equity or its related term are showing as below:
STU:IHJN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 19.56 Med: 21.68 Max: 24.59
Current: 23.82
During the past 13 years, VZ Holding AG's highest Return-on-Tangible-Equity was 24.59%. The lowest was 19.56%. And the median was 21.68%.
STU:IHJN's Return-on-Tangible-Equity is ranked better than 88.22% of 1672
companies
in the Asset Management industry
Industry Median: 5.025
vs STU:IHJN: 23.82
VZ Holding AG Return-on-Tangible-Equity Historical Data
The historical data trend for VZ Holding AG'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.
Competitive Comparison of VZ Holding AG's Return-on-Tangible-Equity
For the Asset Management subindustry, VZ Holding AG'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.
VZ Holding AG's Return-on-Tangible-Equity Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, VZ Holding AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where VZ Holding AG's Return-on-Tangible-Equity falls into.
VZ Holding AG Return-on-Tangible-Equity Calculation
VZ Holding AG's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 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 two times the semi-annual (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
VZ Holding AG (STU:IHJN) 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.
VZ Holding AG Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of VZ Holding AG's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
VZ Holding AG offers financial advisory services for individuals and companies in many areas. The group helps clients plan retirement, investments, and it helps with mortgage financing. VZ also provides assistance with tax optimization. Corporate clients are assisted with benefits planning and risk management. As a holding company, VZ depends on its host of subsidiaries to bring a wealth of services to clients. Altogether, the group delivers assistance with insurance questions, administers and services mortgages, and engages in bank depository activities. Revenue is primarily earned from management fees on assets under management.
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