GURUFOCUS.COM » STOCK LIST » Technology » Software » Bell Industries Inc (GREY:BLLI) » Definitions » Return-on-Tangible-Equity

Bell Industries (Bell Industries) Return-on-Tangible-Equity : Negative Tangible Equity% (As of Sep. 2010)


View and export this data going back to 2008. Start your Free Trial

What is Bell Industries Return-on-Tangible-Equity?

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. Bell Industries's annualized net income for the quarter that ended in Sep. 2010 was $7.1 Mil. Bell Industries's average shareholder tangible equity for the quarter that ended in Sep. 2010 was $-2.0 Mil. Therefore, Bell Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2010 was Negative Tangible Equity%.

The historical rank and industry rank for Bell Industries's Return-on-Tangible-Equity or its related term are showing as below:

BLLI's Return-on-Tangible-Equity is not ranked *
in the Software industry.
Industry Median: 7.905
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Bell Industries Return-on-Tangible-Equity Historical Data

The historical data trend for Bell Industries'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.

* Premium members only.

Bell Industries Return-on-Tangible-Equity Chart

Bell Industries Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.89 -15.01 -132.37 -215.02 -

Bell Industries Quarterly Data
Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10
Return-on-Tangible-Equity 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 Negative Tangible Equity - - Negative Tangible Equity Negative Tangible Equity

Competitive Comparison of Bell Industries's Return-on-Tangible-Equity

For the Information Technology Services subindustry, Bell Industries'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.


Bell Industries's Return-on-Tangible-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Bell Industries's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Bell Industries's Return-on-Tangible-Equity falls into.



Bell Industries Return-on-Tangible-Equity Calculation

Bell Industries's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2009 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2009 )  (A: Dec. 2008 )(A: Dec. 2009 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2009 )  (A: Dec. 2008 )(A: Dec. 2009 )
=-1.906/( (-0.256+-2.088 )/ 2 )
=-1.906/-1.172
=N/A %

Bell Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2010 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2010 )  (Q: Jun. 2010 )(Q: Sep. 2010 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2010 )  (Q: Jun. 2010 )(Q: Sep. 2010 )
=7.052/( (-2.914+-1.145)/ 2 )
=7.052/-2.0295
=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 (Sep. 2010) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Bell Industries  (GREY:BLLI) 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.


Bell Industries Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Bell Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Bell Industries (Bell Industries) Business Description

Traded in Other Exchanges
N/A
Address
4400 W 96th Street, Indianapolis, IN, USA, 46268
Bell Industries Inc is an information technology managed services and solutions company. It provides transformational Next Generation Digital Workplace and Infrastructure Management Solutions to large and mid-market enterprises, as well as the public sector. It also offers End User Computing, Infrastructure Management and Cloud Computing, IT Lifecycle Services and Enterprise Mobility Management.
Executives
Newcastle Partners L P other: see attached explanation 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Mark E Schwarz director, 10 percent owner, officer: Chairman, other: see attached explanation 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Newcastle Capital Group Llc other: see attached explanation 5420 LYNDON B. JOHNSON FREEWAY, STE 1400, DALLAS TX 75240
Newcastle Capital Management Lp other: see attached explanation 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Clinton J Coleman director, other: see attached explanation C/O NEWCASTLE CAPITAL MANAGEMENT, L.P., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Dale Booth director

Bell Industries (Bell Industries) Headlines

No Headlines