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Stonepath Group (Stonepath Group) Return-on-Tangible-Equity : 0.00% (As of Sep. 2006)


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What is Stonepath Group 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. Stonepath Group's annualized net income for the quarter that ended in Sep. 2006 was $-88.1 Mil. Stonepath Group's average shareholder tangible equity for the quarter that ended in Sep. 2006 was $-8.7 Mil. Therefore, Stonepath Group's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2006 was N/A%.

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

SGRZ's Return-on-Tangible-Equity is not ranked *
in the Transportation industry.
Industry Median: 9.63
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Stonepath Group Return-on-Tangible-Equity Historical Data

The historical data trend for Stonepath Group'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.

Stonepath Group Return-on-Tangible-Equity Chart

Stonepath Group Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05
Return-on-Tangible-Equity
Get a 7-Day Free Trial -58.19 3.71 -6.08 -139.89 -

Stonepath Group Quarterly Data
Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06
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 -

Competitive Comparison of Stonepath Group's Return-on-Tangible-Equity

For the Integrated Freight & Logistics subindustry, Stonepath Group'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.


Stonepath Group's Return-on-Tangible-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Stonepath Group's Return-on-Tangible-Equity distribution charts can be found below:

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



Stonepath Group Return-on-Tangible-Equity Calculation

Stonepath Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2005 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2005 )  (A: Dec. 2004 )(A: Dec. 2005 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2005 )  (A: Dec. 2004 )(A: Dec. 2005 )
=-9.738/( (0.61+-12.474 )/ 2 )
=-9.738/-5.932
=N/A %

Stonepath Group's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2006 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2006 )  (Q: Jun. 2006 )(Q: Sep. 2006 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2006 )  (Q: Jun. 2006 )(Q: Sep. 2006 )
=-88.064/( (-12.909+-4.536)/ 2 )
=-88.064/-8.7225
=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. 2006) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Stonepath Group  (OTCPK:SGRZ) 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.


Stonepath Group Return-on-Tangible-Equity Related Terms

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


Stonepath Group (Stonepath Group) Business Description

Traded in Other Exchanges
N/A
Address
2200 Alaskan Way, Suite 200, Seattle, WA, USA, 98121
Stonepath Group Inc is a non-asset based third-party logistics provider. The Company is engaged in shipping and transportation, managing all aspects of transit.
Executives
Dennis L Pelino director
Bohn H Crain officer: Chief Financial Officer 405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Stephen M Cohen officer: General Counsel 1604 LOCUST STREET, THIRD FLOOR, PHILADELPHIA PA 19103

Stonepath Group (Stonepath Group) Headlines

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