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. Axos Financial's annualized net income for the quarter that ended in Mar. 2024 was $443 Mil. Axos Financial's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $1,964 Mil. Therefore, Axos Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 22.55%.
The historical rank and industry rank for Axos Financial's Return-on-Tangible-Equity or its related term are showing as below:
AX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 17.14 Med: 18.01 Max: 23.69
Current: 23.69
During the past 13 years, Axos Financial's highest Return-on-Tangible-Equity was 23.69%. The lowest was 17.14%. And the median was 18.01%.
AX's Return-on-Tangible-Equity is ranked better than 91.07% of 1456
companies
in the Banks industry
Industry Median: 10.69
vs AX: 23.69
Axos Financial Return-on-Tangible-Equity Historical Data
The historical data trend for Axos Financial'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 Axos Financial's Return-on-Tangible-Equity
For the Banks - Regional subindustry, Axos Financial'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.
Axos Financial's Return-on-Tangible-Equity Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Axos Financial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Axos Financial's Return-on-Tangible-Equity falls into.
* 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.
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.
Axos Financial Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Axos Financial's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Axos Financial (Axos Financial) Business Description
Axos Financial Inc is a bank holding company that operates through its bank subsidiary, BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small to medium-size businesses in certain sectors, and selected specialty finance receivables. Its operating segments are banking and securities business. The bank distributed its products through a wide range of retail distribution channels, including only banking brands, affinity groups, and sales teams, among others. The majority of the bank's mortgage exposure is titled toward the state of California, particularly its southern region. Net interest income is a majority of the bank's revenue.
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