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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. Willis Towers Watson's annualized net income for the quarter that ended in Jun. 2024 was $564 Mil. Willis Towers Watson's average shareholder tangible equity for the quarter that ended in Jun. 2024 was $-2,701 Mil. Therefore, Willis Towers Watson's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was Negative Tangible Equity%.
The historical rank and industry rank for Willis Towers Watson's Return-on-Tangible-Equity or its related term are showing as below:
The historical data trend for Willis Towers Watson'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.
Willis Towers Watson Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity |
Willis Towers Watson Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity |
For the Insurance Brokers subindustry, Willis Towers Watson'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.
For the Insurance industry and Financial Services sector, Willis Towers Watson's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Willis Towers Watson's Return-on-Tangible-Equity falls into.
Willis Towers Watson's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 1055 | / | ( (-2430 | + | -2691 ) | / 2 ) | |
= | 1055 | / | -2560.5 | ||||
= | Negative Tangible Equity % |
Willis Towers Watson's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | 564 | / | ( (-2657 | + | -2745) | / 2 ) | |
= | 564 | / | -2701 | ||||
= | Negative Tangible Equity % |
* 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 (Jun. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Willis Towers Watson (NAS:WTW) 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.
Thank you for viewing the detailed overview of Willis Towers Watson's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrew Jay Krasner | officer: Chief Financial Officer | 1450 BRICKELL AVENUE, SUITE 1600, MIAMI FL 33131 |
Julie Jarecke Gebauer | officer: Head of Human Capital&Benefits | JUPITER SATURN HOLDING CO, 875 THIRD AVENUE, NEW YORK NY 10022 |
Adam Garrard | officer: Head of International | C/O WILLIS GROUP HOLDINGS PLC, 200 LIBERTY STREET, 7TH FLOOR, NEW YORK NY 10281 |
Pamela Thomson-hall | officer: Head of International | 51 LIME STREET, LONDON X0 EC3M 7DQ |
Anne Pullum | officer: Head of Strategy and CAO | C/O WILLIS TOWERS WATSON, 200 LIBERTY ST, 7TH FLOOR, NEW YORK NY 10281 |
Fredric J Tomczyk | director | TORONTO DOMINION CENTRE, PO BOX 1, TORONTO A6 M5K IA2 |
Stephen M. Chipman | director | 3101 DREXEL DRIVE, DALLAS TX 75205 |
Jacqueline Hunt | director | 53 SOUTH GREEN, MATTISHALL, NORFOLK X0 N220 3JY |
Anne Donovan Bodnar | officer: Head of Human Resources | 901 N. GLEBE ROAD, ARLINGTON VA 22203 |
Gene H Wickes | officer: Head of Exchange Solutions | 901 N GLEBE ROAD, ARLINGTON VA 22203 |
Brendan R Oneill | director | C/O IMPERIAL CHEMICAL INDUSTRIES PLC, 20 MANCHESTER SQUARE, LONDON X0 W1U 3AN |
Paul C Reilly | director | 880 CARILLON PARKWAY, ST. PETERSBURG FL 33716 |
Alexis Faber | officer: Chief Operating Officer | 3340 PLAYERS CLUB PARKWAY, SUITE 200, MEMPHIS TN 38125 |
Fumbi F. Chima | director | 44 THORNBURY CT., 36-38 CHEPSTOW VILLAS, LONDON X0 WII 2RE |
Michelle R Swanback | director | 7001 EAST BELLEVIEW AVENUE, DENVER CO 80237 |
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