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. Helia Group's annualized net income for the quarter that ended in Dec. 2023 was A$255.2 Mil. Helia Group's average shareholder tangible equity for the quarter that ended in Dec. 2023 was A$1,116.0 Mil. Therefore, Helia Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 22.87%.
The historical rank and industry rank for Helia Group's Return-on-Tangible-Equity or its related term are showing as below:
ASX:HLI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.46 Med: 9.18 Max: 22.66
Current: 22.66
During the past 10 years, Helia Group's highest Return-on-Tangible-Equity was 22.66%. The lowest was -7.46%. And the median was 9.18%.
ASX:HLI's Return-on-Tangible-Equity is ranked better than 74.9% of 486
companies
in the Insurance industry
Industry Median: 12.37
vs ASX:HLI: 22.66
Helia Group Return-on-Tangible-Equity Historical Data
The historical data trend for Helia 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 Helia Group's Return-on-Tangible-Equity
For the Insurance - Specialty subindustry, Helia 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.
Helia Group's Return-on-Tangible-Equity Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Helia Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Helia Group's Return-on-Tangible-Equity falls into.
Helia Group Return-on-Tangible-Equity Calculation
Helia 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.
Helia Group (ASX:HLI) 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.
Helia Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Helia Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Helia listed on the Australian Securities Exchange in 2014 after its U.S.-based parent, Genworth Financial (NYSE: GNW), sold down its stake. It has since exited. With a history spanning over 50 years, Helia is a provider of lenders' mortgage insurance, or LMI, in Australia. In Australia, LMI is predominantly purchased on loans with a loan/value ratio, or LVR, above 80%. LMI protects a lender against a potential loss (gap) between the outstanding loan amount and sale proceeds on a delinquent loan property. LMI does not protect the borrower, however the premium is paid by the borrower. It's regulated by the Australian Prudential Regulation Authority, or APRA, which requires it to meet minimum regulatory capital requirements.
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