What is Assicurazioni Generali 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. Assicurazioni Generali's annualized net income for the quarter that ended in Sep. 2023 was €0 Mil. Assicurazioni Generali's average shareholder tangible equity for the quarter that ended in Sep. 2023 was €16,637 Mil. Therefore, Assicurazioni Generali's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 0.00%.
The historical rank and industry rank for Assicurazioni Generali's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Assicurazioni Generali's highest Return-on-Tangible-Equity was 23.64%. The lowest was 0.00%. And the median was 14.04%.
WBO:AGEN's Return-on-Tangible-Equity is not ranked *
in the Insurance industry.
Industry Median: 11.845 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Assicurazioni Generali Return-on-Tangible-Equity Historical Data
The historical data trend for Assicurazioni Generali'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 Assicurazioni Generali's Return-on-Tangible-Equity
For the Insurance - Diversified subindustry, Assicurazioni Generali'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.
Assicurazioni Generali's Return-on-Tangible-Equity Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Assicurazioni Generali's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Assicurazioni Generali's Return-on-Tangible-Equity falls into.
* 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 (Sep. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Assicurazioni Generali Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Assicurazioni Generali's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Assicurazioni Generali (WBO:AGEN) Business Description
The roots of Generali date back to the 1830s and the Bora wind and rough seas that hit the Trieste region. Over that decade Generali sought to expand throughout Italy, but this growth was held back by the fragmented nature of Italy. The Italian Revolution in the 1840s paved the way for easier expansion in the country. After the First World War Trieste was eventually handed back to Italy. The dissolution of the Austro-Hungarian Empire created a fragmented Europe and a fragmented Generali. While to this day Generali remains quite a diversified company, its core operations remain in historical Austro-Hungarian countries of Italy, Germany, Austria, and Central and Eastern Europe. This is the case in Generali's nonlife business. France is also an important contributor to life and savings.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
WBO:AGEN has been successfully added to your 