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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. Argo Group International Holdings's annualized Net Income for the quarter that ended in Sep. 2023 was $-188 Mil. Argo Group International Holdings's average total tangible assets for the quarter that ended in Sep. 2023 was $8,195 Mil. Therefore, Argo Group International Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was -2.29%.
The historical rank and industry rank for Argo Group International Holdings's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Argo Group International Holdings's highest Return-on-Tangible-Asset was 2.94%. The lowest was -2.13%. And the median was 0.65%.
The historical data trend for Argo Group International Holdings'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.
Argo Group International Holdings Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 0.64 | -0.14 | -0.53 | 0.07 | -1.75 |
Argo Group International Holdings Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -2.01 | -4.45 | -1.50 | 0.11 | -2.29 |
For the Insurance - Property & Casualty subindustry, Argo Group International Holdings'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.
For the Insurance industry and Financial Services sector, Argo Group International Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Argo Group International Holdings's Return-on-Tangible-Asset falls into.
Argo Group International Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | -175.2 | / | ( (10153.2 | + | 9915.8) | / 2 ) | |
= | -175.2 | / | 10034.5 | ||||
= | -1.75 % |
Argo Group International Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Sep. 2023 ) | (Q: Jun. 2023 ) | (Q: Sep. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Sep. 2023 ) | (Q: Jun. 2023 ) | (Q: Sep. 2023 ) | |||||
= | -187.6 | / | ( (8068.5 | + | 8320.9) | / 2 ) | |
= | -187.6 | / | 8194.7 | ||||
= | -2.29 % |
* 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 four times the quarterly (Sep. 2023) net income data.
Argo Group International Holdings (NYSE:ARGO) 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.
Thank you for viewing the detailed overview of Argo Group International Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Jessica E. Snyder | officer: President, U.S. Insurance | ARGO GROUP INTERNATIONAL HOLDINGS, LTD., 90 PITTS BAY RD., PEMBROKE D0 HM08 |
J Daniel Plants | director | ONE EMBARCADERO CENTER, SUITE 1140, SAN FRANCISCO CA 94111 |
Susan Comparato | officer: Chief Administrative Officer | ARGO GROUP INTERNATIONAL HOLDINGS, LTD., 90 PITTS BAY ROAD, PEMBROKE D0 HM 08 |
Scott Kirk | officer: Chief Financial Officer | C/O ARGO GROUP INTERNATIONAL HOLDINGS,, LTD. 90 PITTS BAY ROAD, PEMBROKE D0 HM 08 |
Andrew Marshall Borst | officer: Chief Administrative Officer | 175 E. HOUSTON ST., SUITE 1300, SAN ANTONIO TX 78205 |
Allison Kiene | officer: SVP, General Counsel | C/OARGO GROUP INTERNATIONAL HOLDINGS,LTD, 110 PITTS BAY ROAD, PEMBROKE D0 HM 08 |
Kevin James Rehnberg | officer: President, U.S. Operations | C/O ONEBEACON INSURANCE GROUP, LTD, 1 BEACON LANE, CANTON MA 02021 |
Thomas A Bradley | director | 199 WATER STREET, 24TH FLOOR, NEW YORK NY 10038 |
Timothy D Carter | officer: Chief Underwriting Officer | C/O ARGO GROUP 110 PITTS BAY ROAD, PEMBROKE D0 HM 08 |
Fred Robert Donner | director | GLOBAL INDEMNITY GROUP, LLC, 112 S. FRENCH STREET, SUITE 105, WILMINGTON DE 19801 |
Bernard C Bailey | director | |
Samuel G Liss | director | VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310 |
Carol A. Mcfate | director | 5501 HEADQUARTERS DRIVE, PLANO TX 75024 |
Jay Stanley Bullock | officer: Chief Financial Officer | 110 PITTS BAY ROAD, PEMBROKE D0 HM 08 |
Kathleen Nealon | director | P.O. BOX 1282, HAMILTON D0 HM08 |
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