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Origen Financial (Origen Financial) Return-on-Tangible-Equity : -17.90% (As of Dec. 2008)


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What is Origen Financial 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. Origen Financial's annualized net income for the quarter that ended in Dec. 2008 was $-17.70 Mil. Origen Financial's average shareholder tangible equity for the quarter that ended in Dec. 2008 was $98.86 Mil. Therefore, Origen Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2008 was -17.90%.

The historical rank and industry rank for Origen Financial's Return-on-Tangible-Equity or its related term are showing as below:

ORGN's Return-on-Tangible-Equity is not ranked *
in the REITs industry.
Industry Median: 4.59
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Origen Financial Return-on-Tangible-Equity Historical Data

The historical data trend for Origen Financial'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.

Origen Financial Return-on-Tangible-Equity Chart

Origen Financial Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only -2.11 -1.57 4.13 -20.11 -31.51

Origen Financial Quarterly Data
Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08
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 -98.94 -78.85 -16.85 -3.93 -17.90

Competitive Comparison of Origen Financial's Return-on-Tangible-Equity

For the REIT - Mortgage subindustry, Origen Financial'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.


Origen Financial's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Origen Financial's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Origen Financial's Return-on-Tangible-Equity falls into.



Origen Financial Return-on-Tangible-Equity Calculation

Origen Financial's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2008 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2008 )  (A: Dec. 2007 )(A: Dec. 2008 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2008 )  (A: Dec. 2007 )(A: Dec. 2008 )
=-35.364/( (146.239+78.195 )/ 2 )
=-35.364/112.217
=-31.51 %

Origen Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2008 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2008 )  (Q: Sep. 2008 )(Q: Dec. 2008 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2008 )  (Q: Sep. 2008 )(Q: Dec. 2008 )
=-17.7/( (119.523+78.195)/ 2 )
=-17.7/98.859
=-17.90 %

* 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 (Dec. 2008) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Origen Financial  (OTCPK:ORGN) 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.


Origen Financial Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Origen Financial's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Origen Financial (Origen Financial) Business Description

Traded in Other Exchanges
N/A
Address
27777 Franklin Road, Suite 1700, Southfield, MI, USA, 48034
Origen Financial Inc is an internally-managed and internally-advised Delaware corporation that is taxed as a real estate investment trust. It is a national consumer manufactured housing lender and servicer.

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