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SecureD Services (SecureD Services) Return-on-Tangible-Equity : 0.00% (As of Sep. 2005)


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What is SecureD Services 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. SecureD Services's annualized net income for the quarter that ended in Sep. 2005 was $-13.40 Mil. SecureD Services's average shareholder tangible equity for the quarter that ended in Sep. 2005 was $-5.89 Mil. Therefore, SecureD Services's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2005 was N/A%.

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

SSVC's Return-on-Tangible-Equity is not ranked *
in the Software industry.
Industry Median: 7.82
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

SecureD Services Return-on-Tangible-Equity Historical Data

The historical data trend for SecureD Services'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.

SecureD Services Return-on-Tangible-Equity Chart

SecureD Services Annual Data
Trend Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only Negative Tangible Equity - - - -1,020.74

SecureD Services Quarterly Data
Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05
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 -129.73 -378.56 -1,562.09 - -

Competitive Comparison of SecureD Services's Return-on-Tangible-Equity

For the Software - Application subindustry, SecureD Services'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.


SecureD Services's Return-on-Tangible-Equity Distribution in the Software Industry

For the Software industry and Technology sector, SecureD Services's Return-on-Tangible-Equity distribution charts can be found below:

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



SecureD Services Return-on-Tangible-Equity Calculation

SecureD Services's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2004 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2004 )  (A: Dec. 2003 )(A: Dec. 2004 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2004 )  (A: Dec. 2003 )(A: Dec. 2004 )
=-5.757/( (-0.321+1.449 )/ 2 )
=-5.757/0.564
=-1,020.74 %

SecureD Services's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2005 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2005 )  (Q: Jun. 2005 )(Q: Sep. 2005 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2005 )  (Q: Jun. 2005 )(Q: Sep. 2005 )
=-13.404/( (-4.338+-7.444)/ 2 )
=-13.404/-5.891
=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. 2005) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


SecureD Services  (OTCPK:SSVC) 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.


SecureD Services Return-on-Tangible-Equity Related Terms

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SecureD Services (SecureD Services) Business Description

Traded in Other Exchanges
N/A
Address
11490 Commerce Park Drive, Suite 240, Reston, VA, USA, 20191
SecureD Services Inc operates as an information security company. The company is engaged in complete identity integration and application access management, access control, authentication and audit capability.
Executives
Michael Faber director, 10 percent owner 701 PENNSYLVANIA AVENUE NW, SUITE 900, WASHINGTON DC DC 20004
T Kendall Hunt director, 10 percent owner C/O VASCO DATA SECURITY, 1901 S MEYERS ROAD, OAKBROOK TERRACE IL 60181

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