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Wireless Xcessories Group (Wireless Xcessories Group) ROE % : 0.85% (As of Dec. 2007)


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What is Wireless Xcessories Group ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Wireless Xcessories Group's annualized net income for the quarter that ended in Dec. 2007 was $0.06 Mil. Wireless Xcessories Group's average Total Stockholders Equity over the quarter that ended in Dec. 2007 was $7.55 Mil. Therefore, Wireless Xcessories Group's annualized ROE % for the quarter that ended in Dec. 2007 was 0.85%.

The historical rank and industry rank for Wireless Xcessories Group's ROE % or its related term are showing as below:

WIRX's ROE % is not ranked *
in the Hardware industry.
Industry Median: 4.7
* Ranked among companies with meaningful ROE % only.

Wireless Xcessories Group ROE % Historical Data

The historical data trend for Wireless Xcessories Group'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.

Wireless Xcessories Group ROE % Chart

Wireless Xcessories Group Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.76 27.21 39.77 17.96 6.63

Wireless Xcessories Group Quarterly Data
Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07
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 12.17 15.30 9.93 0.37 0.85

Competitive Comparison of Wireless Xcessories Group's ROE %

For the Communication Equipment subindustry, Wireless Xcessories Group'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.


Wireless Xcessories Group's ROE % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wireless Xcessories Group's ROE % distribution charts can be found below:

* The bar in red indicates where Wireless Xcessories Group's ROE % falls into.



Wireless Xcessories Group ROE % Calculation

Wireless Xcessories Group's annualized ROE % for the fiscal year that ended in Dec. 2007 is calculated as

ROE %=Net Income (A: Dec. 2007 )/( (Total Stockholders Equity (A: Dec. 2006 )+Total Stockholders Equity (A: Dec. 2007 ))/ count )
=0.485/( (7.075+7.547)/ 2 )
=0.485/7.311
=6.63 %

Wireless Xcessories Group's annualized ROE % for the quarter that ended in Dec. 2007 is calculated as

ROE %=Net Income (Q: Dec. 2007 )/( (Total Stockholders Equity (Q: Sep. 2007 )+Total Stockholders Equity (Q: Dec. 2007 ))/ count )
=0.064/( (7.548+7.547)/ 2 )
=0.064/7.5475
=0.85 %

* 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 (Dec. 2007) net income data. ROE % is displayed in the 30-year financial page.


Wireless Xcessories Group  (OTCPK:WIRX) 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: Dec. 2007 )
=Net Income/Total Stockholders Equity
=0.064/7.5475
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0.064 / 21.316)*(21.316 / 8.444)*(8.444 / 7.5475)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.3 %*2.5244*1.1188
=ROA %*Equity Multiplier
=0.76 %*1.1188
=0.85 %

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: Dec. 2007 )
=Net Income/Total Stockholders Equity
=0.064/7.5475
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (0.064 / 0.288) * (0.288 / 0.572) * (0.572 / 21.316) * (21.316 / 8.444) * (8.444 / 7.5475)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.2222 * 0.5035 * 2.68 % * 2.5244 * 1.1188
=0.85 %

Note: The net income data used here is four times the quarterly (Dec. 2007) net income data. The Revenue data used here is four times the quarterly (Dec. 2007) 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.


Wireless Xcessories Group ROE % Related Terms

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Wireless Xcessories Group (Wireless Xcessories Group) Business Description

Traded in Other Exchanges
N/A
Address
1840 County Line Road, Suite 212, Huntingdon Valley, PA, USA, 19006
Wireless Xcessories Group Inc is a supplier of accessories for wireless products, Bluetooth products, OEM products and pouches across the US and worldwide. Its typical customer is a multi-location dealer, master agent, franchiser, or distributor, located in Canada and the Caribbean. Its product line consists of more than 5,000 items covering over 200 different handsets. It sources, designs, creates and markets more than 30 category items.
Executives
Brazdley T Macdonald director 3316 SERENITY WAY, OWINGS MILLS MD 21117

Wireless Xcessories Group (Wireless Xcessories Group) Headlines

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