>
Switch to:

Henex Return-on-Tangible-Equity

: 5.41% (As of Jun. 2013)
View and export this data going back to . Start your Free Trial

Return-on-Tangible-Equity is calculated as Net Income attributable to Common Stockholders divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Henex's annualized net income attributable to common stockholders for the quarter that ended in Jun. 2013 was €47.52 Mil. Henex's average shareholder tangible equity for the quarter that ended in Jun. 2013 was €878.17 Mil. Therefore, Henex's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2013 was 5.41%.


Henex Return-on-Tangible-Equity Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Henex Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12
Return-on-Tangible-Equity 0.76 2.48 2.37 0.10 1.80

Henex Semi-Annual Data
Dec11 Jun12 Dec12 Jun13
Return-on-Tangible-Equity -4.97 4.20 -0.47 5.41

Competitive Comparison
* 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.


Henex Return-on-Tangible-Equity Distribution

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



Henex Return-on-Tangible-Equity Calculation

Henex's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2012 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2012 )  (A: Dec. 2011 )(A: Dec. 2012 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2012 )  (A: Dec. 2011 )(A: Dec. 2012 )
=14.687/( (787.152+848.394 )/ 2 )
=14.687/817.773
=1.80 %

Henex's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2013 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2013 )  (Q: Dec. 2012 )(Q: Jun. 2013 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2013 )  (Q: Dec. 2012 )(Q: Jun. 2013 )
=47.516/( (848.394+907.947)/ 2 )
=47.516/878.1705
=5.41 %

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Equity, the net income attributable to common stockholders 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 attributable to common stockholders data used here is two times the semi-annual (Jun. 2013) net income attributable to common stockholders data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Henex  (XBRU:HENX) 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 attributable to common stockholders 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.


Henex Return-on-Tangible-Equity Related Terms


Henex Return-on-Tangible-Equity Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)