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The Pegasus (The Pegasus) Return-on-Tangible-Asset : -81.35% (As of Sep. 2006)


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What is The Pegasus Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. The Pegasus's annualized Net Income for the quarter that ended in Sep. 2006 was $-35.76 Mil. The Pegasus's average total tangible assets for the quarter that ended in Sep. 2006 was $43.95 Mil. Therefore, The Pegasus's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2006 was -81.35%.

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

PEGX's Return-on-Tangible-Asset is not ranked *
in the Media - Diversified industry.
Industry Median: 1.08
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

The Pegasus Return-on-Tangible-Asset Historical Data

The historical data trend for The Pegasus's Return-on-Tangible-Asset 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.

The Pegasus Return-on-Tangible-Asset Chart

The Pegasus Annual Data
Trend Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -48.88 -36.45 -13.78 -56.34 571.79

The Pegasus Quarterly Data
Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06
Return-on-Tangible-Asset 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 -46.34 -53.36 -60.10 -80.86 -81.35

Competitive Comparison of The Pegasus's Return-on-Tangible-Asset

For the Broadcasting subindustry, The Pegasus's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.


The Pegasus's Return-on-Tangible-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, The Pegasus's Return-on-Tangible-Asset distribution charts can be found below:

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



The Pegasus Return-on-Tangible-Asset Calculation

The Pegasus's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2005 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2005 )  (A: Dec. 2004 )(A: Dec. 2005 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2005 )  (A: Dec. 2004 )(A: Dec. 2005 )
=385.406/( (76.61+58.196)/ 2 )
=385.406/67.403
=571.79 %

The Pegasus's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2006 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2006 )  (Q: Jun. 2006 )(Q: Sep. 2006 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2006 )  (Q: Jun. 2006 )(Q: Sep. 2006 )
=-35.756/( (46.079+41.824)/ 2 )
=-35.756/43.9515
=-81.35 %

* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Sep. 2006) net income data.


The Pegasus  (OTCPK:PEGX) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


The Pegasus Return-on-Tangible-Asset Related Terms

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The Pegasus (The Pegasus) Business Description

Traded in Other Exchanges
N/A
Address
225 City Line Avenue, Suite 100, Bala Cynwyd, PA, USA, 19004
The Pegasus Companies Inc is the holding company for a variety of satellite and media companies. The company previously operated as an independent provider of DIRECTV to more than 1.1 million subscribers but went into bankruptcy following the termination of the relationship. The company primarily owns and operates six broadcast TV stations and operates three others. These stations serve markets in Tennessee, Florida, Pennsylvania, and Maine.
Executives
Peninsula Investment Partners, L.p. 10 percent owner 404B EAST MAIN STREET, 2ND FLOOR, CHARLOTTESVILLE, VA 22902
Peninsula Capital Advisors Llc 10 percent owner 404B EAST MAIN STREET, 2ND FLOOR, CHARLOTTESVILLE, VA 22902
James Mcentee director CIRA CENTRE, 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Ronald B Stark officer: Principal Accounting Officer C/O NRG ENERGY, INC., 211 CARNEGIE CENTER, PRINCETON NJ 08540
Par Capital Management Inc 10 percent owner 200 CLARENDON STREET, FL 48, BOSTON MA 02116
Pegasus Capital Llc 10 percent owner C/O PEGASUS CAPITAL ADVISORS, L.P., 750 EAST MAIN STREET, SUITE 600, STAMFORD CT 06902

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