GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alaska Pacific Energy Corp (OTCPK:ASKE) » Definitions » Return-on-Tangible-Equity

Alaska Pacific Energy (Alaska Pacific Energy) Return-on-Tangible-Equity : -2,473.42% (As of Jul. 2010)


View and export this data going back to 2009. Start your Free Trial

What is Alaska Pacific Energy 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. Alaska Pacific Energy's annualized net income for the quarter that ended in Jul. 2010 was $-3.91 Mil. Alaska Pacific Energy's average shareholder tangible equity for the quarter that ended in Jul. 2010 was $0.16 Mil. Therefore, Alaska Pacific Energy's annualized Return-on-Tangible-Equity for the quarter that ended in Jul. 2010 was -2,473.42%.

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

ASKE's Return-on-Tangible-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: -15.95
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Alaska Pacific Energy Return-on-Tangible-Equity Historical Data

The historical data trend for Alaska Pacific Energy'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.

Alaska Pacific Energy Return-on-Tangible-Equity Chart

Alaska Pacific Energy Annual Data
Trend Jan07 Jan08 Jan09 Jan10
Return-on-Tangible-Equity
- -140.00 -49.15 -198.47

Alaska Pacific Energy Quarterly Data
Jan07 Oct07 Jan08 Apr08 Jul08 Oct08 Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10
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 -85.53 -162.71 -800.00 -859.26 -2,473.42

Competitive Comparison of Alaska Pacific Energy's Return-on-Tangible-Equity

For the Other Industrial Metals & Mining subindustry, Alaska Pacific Energy'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.


Alaska Pacific Energy's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Alaska Pacific Energy's Return-on-Tangible-Equity distribution charts can be found below:

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



Alaska Pacific Energy Return-on-Tangible-Equity Calculation

Alaska Pacific Energy's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jan. 2010 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jan. 2010 )  (A: Jan. 2009 )(A: Jan. 2010 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jan. 2010 )  (A: Jan. 2009 )(A: Jan. 2010 )
=-0.13/( (0.11+0.021 )/ 2 )
=-0.13/0.0655
=-198.47 %

Alaska Pacific Energy's annualized Return-on-Tangible-Equity for the quarter that ended in Jul. 2010 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jul. 2010 )  (Q: Apr. 2010 )(Q: Jul. 2010 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jul. 2010 )  (Q: Apr. 2010 )(Q: Jul. 2010 )
=-3.908/( (0.168+0.148)/ 2 )
=-3.908/0.158
=-2,473.42 %

* 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 (Jul. 2010) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Alaska Pacific Energy  (OTCPK:ASKE) 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.


Alaska Pacific Energy Return-on-Tangible-Equity Related Terms

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


Alaska Pacific Energy (Alaska Pacific Energy) Business Description

Traded in Other Exchanges
N/A
Address
3618 Lantana Road, Lake Worth, FL, USA, 33462
Website
Alaska Pacific Energy Corp is a mining and exploration company. The principal products and services of the company are oil and gas lease acquisition, well development, valuable metal property acquisition and mining and ore processing. Additionally, the company is in the hemp business. The company also offers assessment consulting on mineral rights and correlating lease viability.

Alaska Pacific Energy (Alaska Pacific Energy) Headlines

No Headlines