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. KBC Ancora's annualized net income for the quarter that ended in Dec. 2023 was €145.8 Mil. KBC Ancora's average shareholder tangible equity for the quarter that ended in Dec. 2023 was €3,480.3 Mil. Therefore, KBC Ancora's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 4.19%.
The historical rank and industry rank for KBC Ancora's Return-on-Tangible-Equity or its related term are showing as below:
STU:KB9'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.02 Med: 8.27 Max: 35.38
Current: 8.65
During the past 13 years, KBC Ancora's highest Return-on-Tangible-Equity was 35.38%. The lowest was -1.02%. And the median was 8.27%.
STU:KB9's Return-on-Tangible-Equity is ranked better than 62.84% of 1671
companies
in the Asset Management industry
Industry Median: 5.07
vs STU:KB9: 8.65
KBC Ancora Return-on-Tangible-Equity Historical Data
The historical data trend for KBC Ancora'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 KBC Ancora's Return-on-Tangible-Equity
For the Asset Management subindustry, KBC Ancora'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.
KBC Ancora's Return-on-Tangible-Equity Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, KBC Ancora's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where KBC Ancora's Return-on-Tangible-Equity falls into.
KBC Ancora Return-on-Tangible-Equity Calculation
KBC Ancora's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 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.
KBC Ancora (STU:KB9) 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.
KBC Ancora Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of KBC Ancora's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
KBC Ancora SA, formerly KBC Ancora CVA is a financial services holding company whose sole asset is a substantial participating interest in KBC Group. The operational activities of KBC Ancora are fairly limited. KBC Group engages in retail banking, insurance, and asset management services. The group derives the vast majority of its profits from its activities in Belgium. Other markets that notably drive profit include the Czech Republic, Slovakia, Hungary, Bulgaria, and Ireland. The company reports revenue in net interest income, insurance premiums, and fees and commissions, reflecting the group's diverse range of services.
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