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Canal Capital (Canal Capital) Return-on-Tangible-Equity : 164.76% (As of Jul. 2012)


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What is Canal Capital 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. Canal Capital's annualized net income for the quarter that ended in Jul. 2012 was $1.88 Mil. Canal Capital's average shareholder tangible equity for the quarter that ended in Jul. 2012 was $1.14 Mil. Therefore, Canal Capital's annualized Return-on-Tangible-Equity for the quarter that ended in Jul. 2012 was 164.76%.

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

COWP's Return-on-Tangible-Equity is not ranked *
in the Real Estate industry.
Industry Median: 3.06
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Canal Capital Return-on-Tangible-Equity Historical Data

The historical data trend for Canal Capital'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.

Canal Capital Return-on-Tangible-Equity Chart

Canal Capital Annual Data
Trend Oct02 Oct03 Oct04 Oct05 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -69.78 -6.52 34.94 46.61 -68.93

Canal Capital Quarterly Data
Oct07 Jan08 Apr08 Jul08 Oct08 Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12
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 -426.43 -369.61 2.82 71.16 164.76

Competitive Comparison of Canal Capital's Return-on-Tangible-Equity

For the Real Estate - Development subindustry, Canal Capital'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.


Canal Capital's Return-on-Tangible-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Canal Capital's Return-on-Tangible-Equity distribution charts can be found below:

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



Canal Capital Return-on-Tangible-Equity Calculation

Canal Capital's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2011 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Oct. 2011 )  (A: Oct. 2010 )(A: Oct. 2011 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Oct. 2011 )  (A: Oct. 2010 )(A: Oct. 2011 )
=-0.741/( (1.458+0.692 )/ 2 )
=-0.741/1.075
=-68.93 %

Canal Capital's annualized Return-on-Tangible-Equity for the quarter that ended in Jul. 2012 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jul. 2012 )  (Q: Apr. 2012 )(Q: Jul. 2012 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jul. 2012 )  (Q: Apr. 2012 )(Q: Jul. 2012 )
=1.884/( (0.895+1.392)/ 2 )
=1.884/1.1435
=164.76 %

* 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 (Jul. 2012) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Canal Capital  (OTCPK:COWP) 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.


Canal Capital Return-on-Tangible-Equity Related Terms

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


Canal Capital (Canal Capital) Business Description

Traded in Other Exchanges
N/A
Address
4 Morris Street, Port Jefferson Station, New York, NY, USA, 11776
Website
Canal Capital Corp is engaged in stockyard operations and real estate business. It develops and restructures real estate lots surrounding its existing operating lease properties, stockyard operating properties & properties held for development or resale.
Executives
Asher B Edelman other: Member of 10% Group C/O PERINI CORP, 73 MT WAYTE AVE, FRAMINGHAM MA 01701

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