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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. First Hawaiian's annualized Net Income for the quarter that ended in Mar. 2024 was $216.9 Mil. First Hawaiian's average total tangible assets for the quarter that ended in Mar. 2024 was $23,601.7 Mil. Therefore, First Hawaiian's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 0.92%.
The historical rank and industry rank for First Hawaiian's Return-on-Tangible-Asset or its related term are showing as below:
During the past 10 years, First Hawaiian's highest Return-on-Tangible-Asset was 1.46%. The lowest was 0.91%. And the median was 1.19%.
The historical data trend for First Hawaiian'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.
First Hawaiian Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 1.46 | 0.91 | 1.16 | 1.12 | 0.99 |
First Hawaiian Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 1.13 | 1.05 | 0.98 | 0.79 | 0.92 |
For the Banks - Regional subindustry, First Hawaiian'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 Banks industry and Financial Services sector, First Hawaiian's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where First Hawaiian's Return-on-Tangible-Asset falls into.
First Hawaiian's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 234.983 | / | ( (23575.169 | + | 23925.283) | / 2 ) | |
= | 234.983 | / | 23750.226 | ||||
= | 0.99 % |
First Hawaiian's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 216.88 | / | ( (23925.283 | + | 23278.161) | / 2 ) | |
= | 216.88 | / | 23601.722 | ||||
= | 0.92 % |
* 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 (Mar. 2024) net income data.
First Hawaiian (NAS:FHB) 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 First Hawaiian's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher L Dods | officer: Vice Ch & Chief Operating Ofcr | 352 WAILUPE CIRCLE, HONOLULU HI 96821 |
Darlene N. Blakeney | officer: EVP & CHIEF LENDING OFFICER | 44-656 B KANEOHE BAY DRIVE, KANEOHE HI 96744 |
Lea M. Nakamura | officer: EVP & CHIEF RISK OFFICER | 99-667 POHUE STREET, AIEA HI 96701 |
Robert S Harrison | director, officer: Chairman of the Board and CEO | 999 BISHOP STREET, HONOLULU HI 96813 |
James M Moses | officer: VICE CH & CHIEF FINANCIAL OFCR | 999 BISHOP STREET, HONOLULU HI 96813 |
Mark M Mugiishi | director | 1177 QUEEN STREET PH2, HONOLULU HI 96814 |
Michael K Fujimoto | director | 16-166 MELEKAHIWA STREET, KEAAU HI 96749-8016 |
Ravi Mallela | officer: Exec VP, CFO & Treasurer | C/O NMI HOLDINGS, INC. (NATIONAL MI), 2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608 |
Jim Moffatt | director | 1423 GARFIELD AVE., SOUTH PASADENA CA 91030 |
Kelly Ann Thompson | director | 921 LINCOLN PL, PACIFICA CA 94044 |
Neill Char | officer: Executive VP | 266 PUIWA ROAD, HONOLULU HI 96817 |
Vanessa L Washington | director | CATELLUS DEVELOPEMENT CORP, 201 MISSION STREET 2ND FL, SAN FRANCISCO CA 94105-1832 |
Mitchell Nishimoto | officer: Exec VP & Manager | 2121 KEEAUMOKU STREET, HONOLULU HI 96822 |
Paribas Bnp | director, 10 percent owner | 3 RUE D'ANTIN, PARIS I0 75002 |
Craig Scott Wo | director | 702 SOUTH BERETANIA STREET, HONOLULU HI 96813 |
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