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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. Mackinac Financial's annualized net income for the quarter that ended in Jun. 2021 was $11.78 Mil. Mackinac Financial's average shareholder tangible equity for the quarter that ended in Jun. 2021 was $147.36 Mil. Therefore, Mackinac Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2021 was 7.99%.
The historical rank and industry rank for Mackinac Financial's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Mackinac Financial's highest Return-on-Tangible-Equity was 10.59%. The lowest was 2.53%. And the median was 8.07%.
The historical data trend for Mackinac Financial'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.
Mackinac Financial Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 6.29 | 7.58 | 8.45 | 10.59 | 9.58 |
Mackinac Financial Quarterly Data | ||||||||||||||||||||
Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 10.03 | 9.43 | 10.19 | 10.69 | 7.99 |
For the Banks - Regional subindustry, Mackinac Financial'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 Banks industry and Financial Services sector, Mackinac Financial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mackinac Financial's Return-on-Tangible-Equity falls into.
Mackinac Financial's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2020 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2020 ) | (A: Dec. 2019 ) | (A: Dec. 2020 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2020 ) | (A: Dec. 2019 ) | (A: Dec. 2020 ) | |||||
= | 13.473 | / | ( (137.302 | + | 143.922 ) | / 2 ) | |
= | 13.473 | / | 140.612 | ||||
= | 9.58 % |
Mackinac Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2021 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Jun. 2021 ) | (Q: Mar. 2021 ) | (Q: Jun. 2021 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Jun. 2021 ) | (Q: Mar. 2021 ) | (Q: Jun. 2021 ) | |||||
= | 11.78 | / | ( (146.402 | + | 148.314) | / 2 ) | |
= | 11.78 | / | 147.358 | ||||
= | 7.99 % |
* 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 (Jun. 2021) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Mackinac Financial (NAS:MFNC) 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 Mackinac Financial's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Paul Davison Tobias | director, officer: Chief Executive Officer | 38710 WOODWARD AVENUE, SUITE 240, BLOOMFIELD HILLS MI 48304 |
Jesse A Deering | officer: EVP and CFO | 260 EAST BROWN ST. SUITE 300 BIRMINGHAM MI 48009 |
Kelly W George | director, officer: President | 130 SOUTH CEDAR STREET MANISTIQUE MI 49854 |
Martin A Thomson | director | |
Randolph Clare Paschke | director | 5700 CASS AVENUE DETROIT MI 48202 |
Walter J Aspatore | director | 255 E BROWN STREET, SUITE 120, BIRMINGHAM MI 48009 |
Dennis Bittner | director | 113 S 10TH ST ESCANADA MI 49829 |
Steinhardt Capital Management, Llc | 10 percent owner | 650 MADISON AVENUE, 17TH FLOOR NEW YORK NY 10022 |
David Russ Steinhardt | director, 10 percent owner | 650 MADISON AVENUE, 17TH FLOOR NEW YORK NY 10022 |
Steinhardt Capital Investors, Lllp | 10 percent owner | 650 MADISON AVENUE, 17TH FLOOR NEW YORK NY 10022 |
Mahaney Robert Edward Ii | director | 989 WEST WASHINGTON STREET SUITE 102 MARQUETTE MI 49855 |
Joseph D Garea | director | 469 NORTH HANLEY ROAD ST. LOUIS MO 63013 |
Robert Harris Orley | director | 25251 RIVER DRIVE FRANKLIN MI 48025 |
Lewis Brooks Patterson | director | 130 SOUTH CEDAR STREET MANISTIQUE MI 49854 |
Ernie R Krueger | officer: Executive VP and CFO | 130 SOUTH CEDAR STREET MANISTIQUE MI 49854 |
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