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California First Leasing (California First Leasing) ROE %

: 0.00% (As of Dec. 2023)
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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. California First Leasing's annualized net income for the quarter that ended in Dec. 2023 was $0.00 Mil. California First Leasing's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $221.36 Mil. Therefore, California First Leasing's annualized ROE % for the quarter that ended in Dec. 2023 was 0.00%.

The historical rank and industry rank for California First Leasing's ROE % or its related term are showing as below:

During the past 13 years, California First Leasing's highest ROE % was 16.85%. The lowest was -5.73%. And the median was 4.72%.

CFNB's ROE % is not ranked *
in the Credit Services industry.
Industry Median: 6.465
* Ranked among companies with meaningful ROE % only.

California First Leasing ROE % Historical Data

The historical data trend for California First Leasing'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.

California First Leasing Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.56 -1.16 16.85 -5.73 7.82

California First Leasing Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Dec22 Jun23 Dec23
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 28.34 - - - -

Competitive Comparison

For the Credit Services subindustry, California First Leasing'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.


California First Leasing ROE % Distribution

For the Credit Services industry and Financial Services sector, California First Leasing's ROE % distribution charts can be found below:

* The bar in red indicates where California First Leasing's ROE % falls into.



California First Leasing ROE % Calculation

California First Leasing's annualized ROE % for the fiscal year that ended in Jun. 2023 is calculated as

ROE %=Net Income (A: Jun. 2023 )/( (Total Stockholders Equity (A: Jun. 2022 )+Total Stockholders Equity (A: Jun. 2023 ))/ count )
=16.862/( (211.88+219.38)/ 2 )
=16.862/215.63
=7.82 %

California First Leasing's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Jun. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=0/( (219.38+223.349)/ 2 )
=0/221.3645
=0.00 %

* 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. 2023) net income data. ROE % is displayed in the 30-year financial page.


California First Leasing  (OTCPK:CFNB) 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. 2023 )
=Net Income/Total Stockholders Equity
=0/221.3645
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0 / 0)*(0 / 230.361)*(230.361 / 221.3645)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*1.0406
=ROA %*Equity Multiplier
=N/A %*1.0406
=0.00 %

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. 2023 )
=Net Income/Total Stockholders Equity
=0/221.3645
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (0 / 0) * (0 / 0) * (0 / 230.361) * (230.361 / 221.3645)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= N/A * N/A % * 0 * 1.0406
=0.00 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.


California First Leasing ROE % Related Terms

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


California First Leasing (California First Leasing) Business Description

Traded in Other Exchanges
N/A
Address
5000 Birch Street, Suite 500, Newport Beach, CA, USA, 92660
California First Leasing Corp focuses on leasing and financing capital assets, commercial loans secured by equipment and developing an investment portfolio of equity securities.
Executives
Michael H Lowry director
Robert Winton Kelley director 5000 BIRCH STREET, SUITE 500, NEWPORT BEACH CA 92660-8142
Robert A Hodgson officer: Sr. VP Tax & Accounting 18201 VON KARMAN AVE. #800, IRVINE CA 92612
Bedros Aharonyan officer: President, Cal First Natl Bank CALIFORNIA FIRST NATIONAL BANK, 18201 VON KARMAN AVENUE, IRVINE CA 92651
Michael L Mcclendon officer: SVP Credit of CalFirst Leasing CALIFORNIA FIRST LEASING CORPORATION, 18201 VON KARMAN AVENUE, IRVINE CA 92651
Glen T Tsuma director, 10 percent owner, officer: CHief Operating Officer 18201 VON KARMAN AVE, SUITE 800, IRVINE CA 92612
Danilo Cacciamatta director
Harris Ravine director 8475 GREENWOOD DRIVE, NIWOT CO 80503
S Leslie Jewett officer: Chief Financial Officer 18201 VON KARMAN AVENUE, IRVINE CA 92612
Patrick E Paddon director, 10 percent owner, officer: Chief Executive Officer 18201 VON KARMAN AVENUE, IRVINE CA 92612