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Recycling Asset Holdings (Recycling Asset Holdings) ROE % : -63.40% (As of Sep. 2019)


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What is Recycling Asset Holdings ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Recycling Asset Holdings's annualized net income for the quarter that ended in Sep. 2019 was $-5.44 Mil. Recycling Asset Holdings's average Total Stockholders Equity over the quarter that ended in Sep. 2019 was $8.58 Mil. Therefore, Recycling Asset Holdings's annualized ROE % for the quarter that ended in Sep. 2019 was -63.40%.

The historical rank and industry rank for Recycling Asset Holdings's ROE % or its related term are showing as below:

IDSA's ROE % is not ranked *
in the Waste Management industry.
Industry Median: 5.67
* Ranked among companies with meaningful ROE % only.

Recycling Asset Holdings ROE % Historical Data

The historical data trend for Recycling Asset Holdings's ROE % 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.

* Premium members only.

Recycling Asset Holdings ROE % Chart

Recycling Asset Holdings Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -42.10 -11.15 -23.56 -9.61 -3.13

Recycling Asset Holdings Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -16.04 -24.85 -16.31 -57.49 -63.40

Competitive Comparison of Recycling Asset Holdings's ROE %

For the Waste Management subindustry, Recycling Asset Holdings's ROE %, along with its competitors' market caps and ROE % 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.


Recycling Asset Holdings's ROE % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Recycling Asset Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Recycling Asset Holdings's ROE % falls into.



Recycling Asset Holdings ROE % Calculation

Recycling Asset Holdings's annualized ROE % for the fiscal year that ended in Dec. 2018 is calculated as

ROE %=Net Income (A: Dec. 2018 )/( (Total Stockholders Equity (A: Dec. 2017 )+Total Stockholders Equity (A: Dec. 2018 ))/ count )
=-0.349/( (11.258+11.014)/ 2 )
=-0.349/11.136
=-3.13 %

Recycling Asset Holdings's annualized ROE % for the quarter that ended in Sep. 2019 is calculated as

ROE %=Net Income (Q: Sep. 2019 )/( (Total Stockholders Equity (Q: Jun. 2019 )+Total Stockholders Equity (Q: Sep. 2019 ))/ count )
=-5.44/( (9.244+7.916)/ 2 )
=-5.44/8.58
=-63.40 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2019) net income data. ROE % is displayed in the 30-year financial page.


Recycling Asset Holdings  (NAS:IDSA) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2019 )
=Net Income/Total Stockholders Equity
=-5.44/8.58
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-5.44 / 51.864)*(51.864 / 25.72)*(25.72 / 8.58)
=Net Margin %*Asset Turnover*Equity Multiplier
=-10.49 %*2.0165*2.9977
=ROA %*Equity Multiplier
=-21.15 %*2.9977
=-63.40 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2019 )
=Net Income/Total Stockholders Equity
=-5.44/8.58
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-5.44 / -5.44) * (-5.44 / -4.868) * (-4.868 / 51.864) * (51.864 / 25.72) * (25.72 / 8.58)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 1.1175 * -9.39 % * 2.0165 * 2.9977
=-63.40 %

Note: The net income data used here is four times the quarterly (Sep. 2019) net income data. The Revenue data used here is four times the quarterly (Sep. 2019) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Recycling Asset Holdings ROE % Related Terms

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Recycling Asset Holdings (Recycling Asset Holdings) Business Description

Traded in Other Exchanges
N/A
Address
7100 Grade Lane, Louisville, KY, USA, 40213
Industrial Services of America Inc is a waste and recycling company in the United States. It is engaged in the buying, processing, and marketing of ferrous and non-ferrous metals and other recyclable commodities and buys used autos in order to sell used auto parts. The company's business activity falls within a single segment - The Recycling Segment, which provides ferrous and non-ferrous recycling in four locations in the Midwest. It has operating locations in Louisville, Kentucky, and Seymour and New Albany, Indiana.
Executives
Daniel M Rifkin 10 percent owner 6714 POINTE INVERNESS WAY, SUITE 200, FORT WAYNE IN 46804
David Treadway Russell director 1720 ENSLEY AVE, LOS ANGELES CA 90024

Recycling Asset Holdings (Recycling Asset Holdings) Headlines