What is Cherry Hill Mortgage Investment 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. Cherry Hill Mortgage Investment's annualized net income for the quarter that ended in Sep. 2024 was $-48.79 Mil. Cherry Hill Mortgage Investment's average shareholder tangible equity for the quarter that ended in Sep. 2024 was $235.60 Mil. Therefore, Cherry Hill Mortgage Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was -20.71%.
The historical rank and industry rank for Cherry Hill Mortgage Investment's Return-on-Tangible-Equity or its related term are showing as below:
CHMI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14.78 Med: 6.14 Max: 19.97
Current: -13.29
During the past 12 years, Cherry Hill Mortgage Investment's highest Return-on-Tangible-Equity was 19.97%. The lowest was -14.78%. And the median was 6.14%.
CHMI's Return-on-Tangible-Equity is ranked worse than 93.15% of 920
companies
in the REITs industry
Industry Median: 5.21
vs CHMI: -13.29
Cherry Hill Mortgage Investment Return-on-Tangible-Equity Historical Data
* 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.
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Cherry Hill Mortgage Investment Return-on-Tangible-Equity Chart
Competitive Comparison of Cherry Hill Mortgage Investment's Return-on-Tangible-Equity
For the REIT - Mortgage subindustry, Cherry Hill Mortgage Investment'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.
Cherry Hill Mortgage Investment's Return-on-Tangible-Equity Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Cherry Hill Mortgage Investment's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Cherry Hill Mortgage Investment's Return-on-Tangible-Equity falls into.
Cherry Hill Mortgage Investment Return-on-Tangible-Equity Calculation
Cherry Hill Mortgage Investment's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (Sep. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Cherry Hill Mortgage Investment (NYSE:CHMI) 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.
Cherry Hill Mortgage Investment Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Cherry Hill Mortgage Investment's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Cherry Hill Mortgage Investment Business Description
Cherry Hill Mortgage Investment Corp operates as a real estate investment trust in the United States. It invests in residential mortgage assets to generate current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation. The company's reportable segments include investments in Residential mortgage-backed securities (RMBS), Investments in Servicing Related Assets, and All Others. It generates maximum revenue from the RMBS segment in the form of Interest income earned for servicing mortgage loans.
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