GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Foodfest International 2000 Inc (OTCPK:FDFT) » Definitions » Return-on-Tangible-Equity

Foodfest International 2000 (Foodfest International 2000) Return-on-Tangible-Equity : 0.00% (As of Sep. 2011)


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

What is Foodfest International 2000 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. Foodfest International 2000's annualized net income for the quarter that ended in Sep. 2011 was $-1.30 Mil. Foodfest International 2000's average shareholder tangible equity for the quarter that ended in Sep. 2011 was $-1.80 Mil. Therefore, Foodfest International 2000's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2011 was N/A%.

The historical rank and industry rank for Foodfest International 2000's Return-on-Tangible-Equity or its related term are showing as below:

FDFT's Return-on-Tangible-Equity is not ranked *
in the Diversified Financial Services industry.
Industry Median: 0.775
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Foodfest International 2000 Return-on-Tangible-Equity Historical Data

The historical data trend for Foodfest International 2000'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.

Foodfest International 2000 Return-on-Tangible-Equity Chart

Foodfest International 2000 Annual Data
Trend Oct06 Oct07 Oct08 Oct09
Return-on-Tangible-Equity
- - Negative Tangible Equity -

Foodfest International 2000 Quarterly Data
Jan07 Apr07 Jul07 Oct07 Jan08 Apr08 Jul08 Oct08 Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10 Dec10 Mar11 Jun11 Sep11
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 - - - - -

Competitive Comparison of Foodfest International 2000's Return-on-Tangible-Equity

For the Shell Companies subindustry, Foodfest International 2000'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.


Foodfest International 2000's Return-on-Tangible-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Foodfest International 2000's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Foodfest International 2000's Return-on-Tangible-Equity falls into.



Foodfest International 2000 Return-on-Tangible-Equity Calculation

Foodfest International 2000's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2009 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Oct. 2009 )  (A: Oct. 2008 )(A: Oct. 2009 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Oct. 2009 )  (A: Oct. 2008 )(A: Oct. 2009 )
=-0.613/( (-0.019+-0.404 )/ 2 )
=-0.613/-0.2115
=N/A %

Foodfest International 2000's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2011 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2011 )  (Q: Jun. 2011 )(Q: Sep. 2011 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2011 )  (Q: Jun. 2011 )(Q: Sep. 2011 )
=-1.3/( (-1.687+-1.91)/ 2 )
=-1.3/-1.7985
=N/A %

* 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. 2011) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Foodfest International 2000  (OTCPK:FDFT) 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.


Foodfest International 2000 Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Foodfest International 2000's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Foodfest International 2000 (Foodfest International 2000) Business Description

Traded in Other Exchanges
N/A
Address
1016 9th Street, Coronado, CA, USA, 92118
Foodfest International 2000 Inc currently has no operations.

Foodfest International 2000 (Foodfest International 2000) Headlines

No Headlines