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Bell Industries (Bell Industries) ROE % : Negative Equity% (As of Sep. 2010)


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What is Bell Industries ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Bell Industries's annualized net income for the quarter that ended in Sep. 2010 was $7.1 Mil. Bell Industries's average Total Stockholders Equity over the quarter that ended in Sep. 2010 was $-2.0 Mil. Therefore, Bell Industries's annualized ROE % for the quarter that ended in Sep. 2010 was Negative Equity%.

The historical rank and industry rank for Bell Industries's ROE % or its related term are showing as below:

BLLI's ROE % is not ranked *
in the Software industry.
Industry Median: 3.22
* Ranked among companies with meaningful ROE % only.

Bell Industries ROE % Historical Data

The historical data trend for Bell Industries'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.

Bell Industries ROE % Chart

Bell Industries Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.89 -15.01 -132.37 -215.02 -

Bell Industries Quarterly Data
Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10
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 Premium Member Only Premium Member Only Premium Member Only Negative Equity - - Negative Equity Negative Equity

Competitive Comparison of Bell Industries's ROE %

For the Information Technology Services subindustry, Bell Industries'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.


Bell Industries's ROE % Distribution in the Software Industry

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

* The bar in red indicates where Bell Industries's ROE % falls into.



Bell Industries ROE % Calculation

Bell Industries's annualized ROE % for the fiscal year that ended in Dec. 2009 is calculated as

ROE %=Net Income (A: Dec. 2009 )/( (Total Stockholders Equity (A: Dec. 2008 )+Total Stockholders Equity (A: Dec. 2009 ))/ count )
=-1.906/( (-0.256+-2.088)/ 2 )
=-1.906/-1.172
=N/A %

Bell Industries's annualized ROE % for the quarter that ended in Sep. 2010 is calculated as

ROE %=Net Income (Q: Sep. 2010 )/( (Total Stockholders Equity (Q: Jun. 2010 )+Total Stockholders Equity (Q: Sep. 2010 ))/ count )
=7.052/( (-2.914+-1.145)/ 2 )
=7.052/-2.0295
=Negative Equity %

* 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 (Sep. 2010) net income data. ROE % is displayed in the 30-year financial page.

* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.


Bell Industries  (GREY:BLLI) 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: Sep. 2010 )
=Net Income/Total Stockholders Equity
=7.052/-2.0295
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(7.052 / 160.964)*(160.964 / 26.8765)*(26.8765 / -2.0295)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.38 %*5.989*N/A
=ROA %*Equity Multiplier
=26.23 %*N/A
=Negative Equity %

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: Sep. 2010 )
=Net Income/Total Stockholders Equity
=7.052/-2.0295
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (7.052 / 7.24) * (7.24 / 8.476) * (8.476 / 160.964) * (160.964 / 26.8765) * (26.8765 / -2.0295)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.974 * 0.8542 * 5.27 % * 5.989 * N/A
=Negative Equity %

Note: The net income data used here is four times the quarterly (Sep. 2010) net income data. The Revenue data used here is four times the quarterly (Sep. 2010) 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.


Bell Industries ROE % Related Terms

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Bell Industries (Bell Industries) Business Description

Traded in Other Exchanges
N/A
Address
4400 W 96th Street, Indianapolis, IN, USA, 46268
Bell Industries Inc is an information technology managed services and solutions company. It provides transformational Next Generation Digital Workplace and Infrastructure Management Solutions to large and mid-market enterprises, as well as the public sector. It also offers End User Computing, Infrastructure Management and Cloud Computing, IT Lifecycle Services and Enterprise Mobility Management.
Executives
Newcastle Partners L P other: see attached explanation 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Mark E Schwarz director, 10 percent owner, officer: Chairman, other: see attached explanation 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Newcastle Capital Group Llc other: see attached explanation 5420 LYNDON B. JOHNSON FREEWAY, STE 1400, DALLAS TX 75240
Newcastle Capital Management Lp other: see attached explanation 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Clinton J Coleman director, other: see attached explanation C/O NEWCASTLE CAPITAL MANAGEMENT, L.P., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Dale Booth director

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