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. Allfunds Group's annualized net income for the quarter that ended in Dec. 2023 was €94 Mil. Allfunds Group's average shareholder tangible equity for the quarter that ended in Dec. 2023 was €30 Mil. Therefore, Allfunds Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 311.75%.
The historical rank and industry rank for Allfunds Group's Return-on-Tangible-Equity or its related term are showing as below:
XAMS:ALLFG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 45.52 Med: 130.22 Max: 214.09
Current: 165.41
During the past 5 years, Allfunds Group's highest Return-on-Tangible-Equity was 214.09%. The lowest was 45.52%. And the median was 130.22%.
XAMS:ALLFG's Return-on-Tangible-Equity is ranked better than 97.49% of 1675
companies
in the Asset Management industry
Industry Median: 4.53
vs XAMS:ALLFG: 165.41
Allfunds Group Return-on-Tangible-Equity Historical Data
The historical data trend for Allfunds Group'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 Allfunds Group's Return-on-Tangible-Equity
For the Asset Management subindustry, Allfunds Group'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.
Allfunds Group's Return-on-Tangible-Equity Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Allfunds Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Allfunds Group's Return-on-Tangible-Equity falls into.
Allfunds Group Return-on-Tangible-Equity Calculation
Allfunds Group'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.
Allfunds Group (XAMS:ALLFG) 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.
Allfunds Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Allfunds Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Allfunds is a fund distribution platform connecting fund houses and distributors, creating a single access point for both sides to gain a wider reach with regard to assets under administration and fund variety, respectively. As of 2022, Allfunds had EUR 1.3 trillion in assets under administration stemming from about 860 distributors on its platform. In return, distributors gained access to about 139,000 funds from 3,000 different fund houses. Allfunds also provides ancillary services to both fund houses and distributors, covering the marketing, distribution, legal, regulatory, as well as data and analytics needs arising in the fund distribution space. Allfunds derives the majority of its revenue from Italy, Spain, and France.
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