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. Oscar Health's annualized net income for the quarter that ended in Mar. 2024 was $709 Mil. Oscar Health's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $918 Mil. Therefore, Oscar Health's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 77.28%.
The historical rank and industry rank for Oscar Health's Return-on-Tangible-Equity or its related term are showing as below:
OSCR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1253.85 Med: -53.24 Max: -5.78
Current: -5.78
During the past 5 years, Oscar Health's highest Return-on-Tangible-Equity was -5.78%. The lowest was -1,253.85%. And the median was -53.24%.
OSCR's Return-on-Tangible-Equity is ranked worse than 77.78% of 18
companies
in the Healthcare Plans industry
Industry Median: 26.305
vs OSCR: -5.78
Oscar Health Return-on-Tangible-Equity Historical Data
The historical data trend for Oscar Health'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 Oscar Health's Return-on-Tangible-Equity
For the Healthcare Plans subindustry, Oscar Health'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.
Oscar Health's Return-on-Tangible-Equity Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Oscar Health's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Oscar Health's Return-on-Tangible-Equity falls into.
Oscar Health Return-on-Tangible-Equity Calculation
Oscar Health'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 four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Oscar Health (NYSE:OSCR) 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.
Oscar Health Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Oscar Health's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Oscar Health Inc is a health insurance company. The company provides various insurance plans for individuals, families, and employees. Also, the company provides virtual care, doctor support, scheduling appointments, and other related services. The company provides plans in the Medicare Advantage program to adults who are age 65 and older and eligible for traditional Medicare but who instead select coverage through a private market plan.
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