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Baltimore Gas & Electric Co (Baltimore Gas & Electric Co) Return-on-Tangible-Equity : 4.63% (As of Jun. 2016)


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What is Baltimore Gas & Electric Co 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. Baltimore Gas & Electric Co's annualized net income for the quarter that ended in Jun. 2016 was $136.00 Mil. Baltimore Gas & Electric Co's average shareholder tangible equity for the quarter that ended in Jun. 2016 was $2,937.00 Mil. Therefore, Baltimore Gas & Electric Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2016 was 4.63%.

The historical rank and industry rank for Baltimore Gas & Electric Co's Return-on-Tangible-Equity or its related term are showing as below:

BGLEH.PFD's Return-on-Tangible-Equity is not ranked *
in the Utilities - Regulated industry.
Industry Median: 10.82
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Baltimore Gas & Electric Co Return-on-Tangible-Equity Historical Data

The historical data trend for Baltimore Gas & Electric Co'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.

Baltimore Gas & Electric Co Return-on-Tangible-Equity Chart

Baltimore Gas & Electric Co Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Return-on-Tangible-Equity
Get a 7-Day Free Trial 5.96 0.17 8.55 7.95 10.23

Baltimore Gas & Electric Co Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 6.65 7.62 10.63 13.88 4.63

Competitive Comparison of Baltimore Gas & Electric Co's Return-on-Tangible-Equity

For the Utilities - Regulated Electric subindustry, Baltimore Gas & Electric Co'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.


Baltimore Gas & Electric Co's Return-on-Tangible-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Baltimore Gas & Electric Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Baltimore Gas & Electric Co's Return-on-Tangible-Equity falls into.



Baltimore Gas & Electric Co Return-on-Tangible-Equity Calculation

Baltimore Gas & Electric Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2015 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2015 )  (A: Dec. 2014 )(A: Dec. 2015 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2015 )  (A: Dec. 2014 )(A: Dec. 2015 )
=288/( (2753+2877 )/ 2 )
=288/2815
=10.23 %

Baltimore Gas & Electric Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2016 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2016 )  (Q: Mar. 2016 )(Q: Jun. 2016 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2016 )  (Q: Mar. 2016 )(Q: Jun. 2016 )
=136/( (2944+2930)/ 2 )
=136/2937
=4.63 %

* 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 (Jun. 2016) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Baltimore Gas & Electric Co  (OTCPK:BGLEH.PFD) 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.


Baltimore Gas & Electric Co Return-on-Tangible-Equity Related Terms

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Baltimore Gas & Electric Co (Baltimore Gas & Electric Co) Business Description

Traded in Other Exchanges
N/A
Address
Website
Baltimore Gas and Electric Company is a Maryland Corporation. It is an electric transmission and distribution utility company and a gas distribution utility company with a service territory that covers the City of Baltimore and all or part of ten counties in central Maryland. It is regulated by the Maryland PSC and Federal Energy Regulatory Commission (FERC) with respect to rates and other aspects of its business. The Company's electric service territory includes an area of approximately 2,300 square miles. There are no municipal or cooperative wholesale customers within BGE's service territory. The Company's gas service territory includes an area of approximately 800 square miles. The Company's electric and gas revenues come from many customers -residential, commercial, and industrial.

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