Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. AXA's annualizedNet Income for the quarter that ended in Jun. 2023 was $8,306 Mil. AXA's average total tangible assets for the quarter that ended in Jun. 2023 was $689,181 Mil. Therefore, AXA's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 was 1.21%.
The historical rank and industry rank for AXA's Return-on-Tangible-Asset or its related term are showing as below:
AXAHY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.24 Med: 0.66 Max: 1.01
Current: 1.01
During the past 13 years, AXA's highest Return-on-Tangible-Asset was 1.01%. The lowest was 0.24%. And the median was 0.66%.
AXAHY's Return-on-Tangible-Asset is ranked worse than 64.21% of 489
companies
in the Insurance industry
Industry Median: 2.03
vs AXAHY: 1.01
AXA Return-on-Tangible-Asset Historical Data
The historical data trend for AXA's Return-on-Tangible-Asset 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 AXA's Return-on-Tangible-Asset
For the Insurance - Diversified subindustry, AXA's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
AXA's Return-on-Tangible-Asset Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, AXA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where AXA's Return-on-Tangible-Asset falls into.
AXA Return-on-Tangible-Asset Calculation
AXA's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Jun. 2023) net income data.
AXA (OTCPK:AXAHY) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
AXA Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of AXA's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
AXA's origins date back to Ancienne Mutuelle, which was one of the few insurers that remained after the creation of the French security system. With the threat of nationalization, a merger took place between three insurance groups The Drouot Group, AXA (still known as Mutuelles Unies in 1982), and Presence Group. Ten years later AXA acquired North American life insurer Equitable Holdings. This was a time of expansion as AXA also bought UAP, a large French insurer at that time. Yet, as markets crashed at the turn of the millennium, AXA decided to refocus its business and exited its stake in U.S. investment bank Donaldson, Lufkin & Jenrette. A few years later the firm expanded again with the acquisition of Swiss insurer Winterthur. About 5 years ago AXA began reshaping its portfolio again.
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