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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. 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:
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.
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 | -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 | Negative Tangible Equity | - | - | Negative Tangible Equity | Negative 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.
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'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.
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.
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 |
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