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. AXA's annualized net income for the quarter that ended in Jun. 2023 was $8,306 Mil. AXA's average shareholder tangible equity for the quarter that ended in Jun. 2023 was $24,762 Mil. Therefore, AXA's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 was 33.54%.
The historical rank and industry rank for AXA's Return-on-Tangible-Equity or its related term are showing as below:
AXAHY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.84 Med: 12.93 Max: 26.47
Current: 26.47
During the past 13 years, AXA's highest Return-on-Tangible-Equity was 26.47%. The lowest was 4.84%. And the median was 12.93%.
AXAHY's Return-on-Tangible-Equity is ranked better than 82.39% of 477
companies
in the Insurance industry
Industry Median: 11.76
vs AXAHY: 26.47
AXA Return-on-Tangible-Equity Historical Data
The historical data trend for AXA'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 AXA's Return-on-Tangible-Equity
For the Insurance - Diversified subindustry, AXA'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.
AXA's Return-on-Tangible-Equity Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, AXA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where AXA's Return-on-Tangible-Equity falls into.
AXA Return-on-Tangible-Equity Calculation
AXA's annualized Return-on-Tangible-Equity 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-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 (Jun. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
AXA (OTCPK:AXAHY) 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.
AXA Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of AXA's Return-on-Tangible-Equity 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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