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Impac Mortgage Holdings (Impac Mortgage Holdings) ROE % : 0.00% (As of Dec. 2022)


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What is Impac Mortgage Holdings ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Impac Mortgage Holdings's annualized net income for the quarter that ended in Dec. 2022 was $-47.07 Mil. Impac Mortgage Holdings's average Total Stockholders Equity over the quarter that ended in Dec. 2022 was $-8.84 Mil. Therefore, Impac Mortgage Holdings's annualized ROE % for the quarter that ended in Dec. 2022 was N/A%.

The historical rank and industry rank for Impac Mortgage Holdings's ROE % or its related term are showing as below:

IMPM's ROE % is not ranked *
in the Banks industry.
Industry Median: 9.88
* Ranked among companies with meaningful ROE % only.

Impac Mortgage Holdings ROE % Historical Data

The historical data trend for Impac Mortgage Holdings'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.

Impac Mortgage Holdings ROE % Chart

Impac Mortgage Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -77.49 -7.44 -147.05 -30.31 -

Impac Mortgage Holdings Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 166.48 -75.49 -1,056.55 - -

Competitive Comparison of Impac Mortgage Holdings's ROE %

For the Mortgage Finance subindustry, Impac Mortgage Holdings'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.


Impac Mortgage Holdings's ROE % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Impac Mortgage Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Impac Mortgage Holdings's ROE % falls into.



Impac Mortgage Holdings ROE % Calculation

Impac Mortgage Holdings's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as

ROE %=Net Income (A: Dec. 2022 )/( (Total Stockholders Equity (A: Dec. 2021 )+Total Stockholders Equity (A: Dec. 2022 ))/ count )
=-39.432/( (9.936+-11.603)/ 2 )
=-39.432/-0.8335
=N/A %

Impac Mortgage Holdings's annualized ROE % for the quarter that ended in Dec. 2022 is calculated as

ROE %=Net Income (Q: Dec. 2022 )/( (Total Stockholders Equity (Q: Sep. 2022 )+Total Stockholders Equity (Q: Dec. 2022 ))/ count )
=-47.072/( (-6.071+-11.603)/ 2 )
=-47.072/-8.837
=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 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. 2022) 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.


Impac Mortgage Holdings  (OTCPK:IMPM) 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. 2022 )
=Net Income/Total Stockholders Equity
=-47.072/-8.837
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-47.072 / 4.284)*(4.284 / 76.958)*(76.958 / -8.837)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1098.79 %*0.0557*N/A
=ROA %*Equity Multiplier
=-61.2 %*N/A
=N/A %

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. 2022 )
=Net Income/Total Stockholders Equity
=-47.072/-8.837
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-47.072 / -47.104) * (-47.104 / -39.824) * (-39.824 / 4.284) * (4.284 / 76.958) * (76.958 / -8.837)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9993 * 1.1828 * -929.6 % * 0.0557 * N/A
=N/A %

Note: The net income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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.


Impac Mortgage Holdings ROE % Related Terms

Thank you for viewing the detailed overview of Impac Mortgage Holdings's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Impac Mortgage Holdings (Impac Mortgage Holdings) Business Description

Traded in Other Exchanges
N/A
Address
4000 MacArthur Boulevard, Suite 6000, Newport Beach, CA, USA, 92660
Impac Mortgage Holdings Inc is an independent residential mortgage lender. The company's segments include Mortgage Lending, Real Estate Services, and the Long-Term Mortgage Portfolio. The mortgage lending segment provides mortgage lending products through three lending channels, retail, wholesale, and correspondent, retains mortgage servicing rights, and provides warehouse lending facilities. Its Real estate services segment performs master servicing and provides loss mitigation services for securitized long-term mortgage portfolios, and Long-term mortgage portfolio consists of residual interests in securitization trusts.
Executives
Rhp Trust, Dated May 31, 2011 10 percent owner 1400 NEWPORT CENTER DRIVE, SUITE 230, NEWPORT BEACH CA 92660
Richard H/ Pickup 10 percent owner 1400 NEWPORT CENTER DRIVE, SUITE 230, NEWPORT BEACH CA 92660
George A. Mangiaracina officer: President 19500 JAMBOREE ROAD, IRVINE CA 92612
Tiffany Entsminger officer: Chief Risk Officer,Head of Ops 19500 JAMBOREE ROAD, IRVINE CA 92612
Justin Moisio officer: Chief Administrative Officer 19500 JAMBOREE ROAD, IRVINE CA 92612
Joseph Piscina director 19500 JAMBOREE ROAD, IRVINE CA 92612
Obi Nwokorie director, officer: EVP, CIO and Director 19500 JAMBOREE ROAD, IRVINE CA 92612
Jon Gloeckner other: SVP Treasury 19500 JAMBOREE ROAD, IRVINE CA 92612
Thomas B Akin 10 percent owner 2400 BRIDGEWAY # 200, SUITE 200, SAUSALITO CA 94965
Joseph Joffrion officer: SVP, General Counsel 19500 JAMBOREE ROAD, IRVINE CA 92612
Katherine J. Blair director 228 MANHATTAN BEACH BOULEVARD, MANHATTAN BEACH CA 90266
Nima Vahdat officer: General Counsel 19500 JAMBOREE ROAD, IRVINE CA 92612
Paul Licon other: Principal Accounting Officer 19500 JAMBOREE ROAD, IRVINE CA 92612
Todd M Pickup 10 percent owner 1400 NEWPORT CENTER DRIVE, SUITE 230, NEWPORT BEACH CA 92660
Stewart B. Koenigsberg director 19500 JAMBOREE ROAD, IRVINE CA 92612

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