What is ZhongAn Online P&C Insurance Co 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. ZhongAn Online P&C Insurance Co's annualized net income for the quarter that ended in Dec. 2023 was HK$8,436 Mil. ZhongAn Online P&C Insurance Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$19,104 Mil. Therefore, ZhongAn Online P&C Insurance Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 44.16%.
The historical rank and industry rank for ZhongAn Online P&C Insurance Co's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:06060'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -10.69 Med: 0.63 Max: 24.3
Current: 24.3
During the past 10 years, ZhongAn Online P&C Insurance Co's highest Return-on-Tangible-Equity was 24.30%. The lowest was -10.69%. And the median was 0.63%.
HKSE:06060's Return-on-Tangible-Equity is ranked better than 78.51% of 484
companies
in the Insurance industry
Industry Median: 12.135
vs HKSE:06060: 24.30
ZhongAn Online P&C Insurance Co Return-on-Tangible-Equity Historical Data
* 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.
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ZhongAn Online P&C Insurance Co Return-on-Tangible-Equity Chart
Competitive Comparison of ZhongAn Online P&C Insurance Co's Return-on-Tangible-Equity
For the Insurance - Property & Casualty subindustry, ZhongAn Online P&C Insurance Co'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.
ZhongAn Online P&C Insurance Co's Return-on-Tangible-Equity Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, ZhongAn Online P&C Insurance Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ZhongAn Online P&C Insurance Co's Return-on-Tangible-Equity falls into.
ZhongAn Online P&C Insurance Co Return-on-Tangible-Equity Calculation
ZhongAn Online P&C Insurance Co'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.
ZhongAn Online P&C Insurance Co (HKSE:06060) 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.
ZhongAn Online P&C Insurance Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of ZhongAn Online P&C Insurance Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
ZhongAn Online P&C Insurance Co (HKSE:06060) Business Description
ZhongAn was founded by Ant Financial, Tencent, Ping An Insurance, and other well-known enterprises in 2013 and is headquartered in Shanghai. The company is the first internet-based insurance company in China. It provides online underwriting and claim services through the internet without any offline branches. ZhongAn was listed in September 2017 in Hong Kong. Besides the online insurance segment, the company operates technology and banking segments. Its insurance technology segment exports digital operating system, middle platforms, and industry models to licensed financial players both domestically and overseas. Its banking segment, through Hong Kong-based virtual bank ZA Bank, offers similar services as traditional offline banks but without an offline presence.
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