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Fareast Finance & Investment (DHA:FAREASTFIN) Return-on-Tangible-Equity : -163.65% (As of Sep. 2020)


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What is Fareast Finance & 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. Fareast Finance & Investment's annualized net income for the quarter that ended in Sep. 2020 was BDT-387.24 Mil. Fareast Finance & Investment's average shareholder tangible equity for the quarter that ended in Sep. 2020 was BDT236.63 Mil. Therefore, Fareast Finance & Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2020 was -163.65%.

The historical rank and industry rank for Fareast Finance & Investment's Return-on-Tangible-Equity or its related term are showing as below:

DHA:FAREASTFIN's Return-on-Tangible-Equity is not ranked *
in the Credit Services industry.
Industry Median: 6.9
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Fareast Finance & Investment Return-on-Tangible-Equity Historical Data

The historical data trend for Fareast Finance & Investment'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.

Fareast Finance & Investment Return-on-Tangible-Equity Chart

Fareast Finance & Investment Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Return-on-Tangible-Equity
Get a 7-Day Free Trial 9.75 4.91 -60.31 11.89 -86.94

Fareast Finance & Investment Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 -428.23 341.99 -117.84 -78.41 -163.65

Competitive Comparison of Fareast Finance & Investment's Return-on-Tangible-Equity

For the Credit Services subindustry, Fareast Finance & 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.


Fareast Finance & Investment's Return-on-Tangible-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Fareast Finance & Investment's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Fareast Finance & Investment's Return-on-Tangible-Equity falls into.



Fareast Finance & Investment Return-on-Tangible-Equity Calculation

Fareast Finance & Investment's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2019 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=-717.998/( (1184.855+466.858 )/ 2 )
=-717.998/825.8565
=-86.94 %

Fareast Finance & Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2020 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2020 )  (Q: Jun. 2020 )(Q: Sep. 2020 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2020 )  (Q: Jun. 2020 )(Q: Sep. 2020 )
=-387.24/( (285.036+188.227)/ 2 )
=-387.24/236.6315
=-163.65 %

* 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. 2020) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Fareast Finance & Investment  (DHA:FAREASTFIN) 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.


Fareast Finance & Investment Return-on-Tangible-Equity Related Terms

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


Fareast Finance & Investment (DHA:FAREASTFIN) Business Description

Traded in Other Exchanges
N/A
Address
52-53, Dilkusha Commercial Area, Eunoos Centre, 8th level, Dhaka, BGD, 1000
Fareast Finance & Investment Ltd provides lease and term finances. It also provides short-term finance, factoring and bond discount and among others. The company's services include Lease Finance, Term Finance, Short Term Finance and Factoring. It include services to clients for all types of machinery, equipment, household durables including vehicle for the purpose of industrial, commercial and personal.

Fareast Finance & Investment (DHA:FAREASTFIN) Headlines

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