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Agent Information Software (Agent Information Software) ROE % : 3.44% (As of Dec. 2003)


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What is Agent Information Software ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Agent Information Software's annualized net income for the quarter that ended in Dec. 2003 was $0.08 Mil. Agent Information Software's average Total Stockholders Equity over the quarter that ended in Dec. 2003 was $2.33 Mil. Therefore, Agent Information Software's annualized ROE % for the quarter that ended in Dec. 2003 was 3.44%.

The historical rank and industry rank for Agent Information Software's ROE % or its related term are showing as below:

AIFS's ROE % is not ranked *
in the Software industry.
Industry Median: 3.21
* Ranked among companies with meaningful ROE % only.

Agent Information Software ROE % Historical Data

The historical data trend for Agent Information Software's ROE % 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.

Agent Information Software ROE % Chart

Agent Information Software Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03
ROE %
2.57 -23.33 -47.83 -11.07 14.00

Agent Information Software Quarterly Data
Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03
ROE % 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 -59.35 19.51 18.55 14.59 3.44

Competitive Comparison of Agent Information Software's ROE %

For the Software - Application subindustry, Agent Information Software's ROE %, along with its competitors' market caps and ROE % 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.


Agent Information Software's ROE % Distribution in the Software Industry

For the Software industry and Technology sector, Agent Information Software's ROE % distribution charts can be found below:

* The bar in red indicates where Agent Information Software's ROE % falls into.



Agent Information Software ROE % Calculation

Agent Information Software's annualized ROE % for the fiscal year that ended in Dec. 2003 is calculated as

ROE %=Net Income (A: Dec. 2003 )/( (Total Stockholders Equity (A: Dec. 2002 )+Total Stockholders Equity (A: Dec. 2003 ))/ count )
=0.305/( (2.02+2.338)/ 2 )
=0.305/2.179
=14.00 %

Agent Information Software's annualized ROE % for the quarter that ended in Dec. 2003 is calculated as

ROE %=Net Income (Q: Dec. 2003 )/( (Total Stockholders Equity (Q: Sep. 2003 )+Total Stockholders Equity (Q: Dec. 2003 ))/ count )
=0.08/( (2.318+2.338)/ 2 )
=0.08/2.328
=3.44 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2003) net income data. ROE % is displayed in the 30-year financial page.


Agent Information Software  (OTCPK:AIFS) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2003 )
=Net Income/Total Stockholders Equity
=0.08/2.328
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0.08 / 5.316)*(5.316 / 4.172)*(4.172 / 2.328)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.5 %*1.2742*1.7921
=ROA %*Equity Multiplier
=1.91 %*1.7921
=3.44 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2003 )
=Net Income/Total Stockholders Equity
=0.08/2.328
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (0.08 / 0.076) * (0.076 / 0.148) * (0.148 / 5.316) * (5.316 / 4.172) * (4.172 / 2.328)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0526 * 0.5135 * 2.78 % * 1.2742 * 1.7921
=3.44 %

Note: The net income data used here is four times the quarterly (Dec. 2003) net income data. The Revenue data used here is four times the quarterly (Dec. 2003) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Agent Information Software ROE % Related Terms

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Agent Information Software (Agent Information Software) Business Description

Traded in Other Exchanges
N/A
Address
760 East Francis Street, Units C & D, Ontario, CA, USA, 91761
Agent Information Software Inc provides software products and services that create, manage, publish, and access information content through the Internet or the web. The company offers data automation solutions to customers across multiple industries. Additionally, it also renders software as a service (SaaS), database subscriptions, software maintenance, and support contract services. The Company derives its revenues from various software subscriptions, maintenance and support services, licensing and other non-recurring services.

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