GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Vestin Realty Mortgage II Inc (OTCPK:VRTB) » Definitions » Return-on-Tangible-Asset

Vestin Realty Mortgage II (Vestin Realty Mortgage II) Return-on-Tangible-Asset : -36.71% (As of Sep. 2016)


View and export this data going back to 2006. Start your Free Trial

What is Vestin Realty Mortgage II Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Vestin Realty Mortgage II's annualized Net Income for the quarter that ended in Sep. 2016 was $-6.14 Mil. Vestin Realty Mortgage II's average total tangible assets for the quarter that ended in Sep. 2016 was $16.74 Mil. Therefore, Vestin Realty Mortgage II's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2016 was -36.71%.

The historical rank and industry rank for Vestin Realty Mortgage II's Return-on-Tangible-Asset or its related term are showing as below:

VRTB's Return-on-Tangible-Asset is not ranked *
in the Banks industry.
Industry Median: 0.92
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Vestin Realty Mortgage II Return-on-Tangible-Asset Historical Data

The historical data trend for Vestin Realty Mortgage II's Return-on-Tangible-Asset 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.

Vestin Realty Mortgage II Return-on-Tangible-Asset Chart

Vestin Realty Mortgage II Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.06 -25.84 -15.28 -2.06 -24.00

Vestin Realty Mortgage II Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
Return-on-Tangible-Asset 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 -9.44 -80.79 -11.32 -15.17 -36.71

Competitive Comparison of Vestin Realty Mortgage II's Return-on-Tangible-Asset

For the Mortgage Finance subindustry, Vestin Realty Mortgage II's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.


Vestin Realty Mortgage II's Return-on-Tangible-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Vestin Realty Mortgage II's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Vestin Realty Mortgage II's Return-on-Tangible-Asset falls into.



Vestin Realty Mortgage II Return-on-Tangible-Asset Calculation

Vestin Realty Mortgage II's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2015 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2015 )  (A: Dec. 2014 )(A: Dec. 2015 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2015 )  (A: Dec. 2014 )(A: Dec. 2015 )
=-14.832/( (69.216+54.368)/ 2 )
=-14.832/61.792
=-24.00 %

Vestin Realty Mortgage II's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2016 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2016 )  (Q: Jun. 2016 )(Q: Sep. 2016 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2016 )  (Q: Jun. 2016 )(Q: Sep. 2016 )
=-6.144/( (17.658+15.816)/ 2 )
=-6.144/16.737
=-36.71 %

* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Sep. 2016) net income data.


Vestin Realty Mortgage II  (OTCPK:VRTB) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Vestin Realty Mortgage II Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Vestin Realty Mortgage II's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Vestin Realty Mortgage II (Vestin Realty Mortgage II) Business Description

Traded in Other Exchanges
N/A
Address
9130 W. Post Road, Suite 130, Las Vegas, NV, USA, 89148
Vestin Realty Mortgage II Inc is active in the financial services domain. The company invests in loans secured by real estate through deeds of trust or mortgages. It also invests in, acquires, manages and sells the real property and acquires entities involved in the ownership or management of the real property. Vestin functions through two segments; Investments in Real Estate Loans, and Investments in equity securities of publicly traded companies.