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FPCG (First Physicians Capital Group) Return-on-Tangible-Equity : 247.35% (As of Jun. 2014)


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What is First Physicians Capital Group 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. First Physicians Capital Group's annualized net income for the quarter that ended in Jun. 2014 was $9.20 Mil. First Physicians Capital Group's average shareholder tangible equity for the quarter that ended in Jun. 2014 was $3.72 Mil. Therefore, First Physicians Capital Group's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2014 was 247.35%.

The historical rank and industry rank for First Physicians Capital Group's Return-on-Tangible-Equity or its related term are showing as below:

FPCG's Return-on-Tangible-Equity is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 10.32
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

First Physicians Capital Group Return-on-Tangible-Equity Historical Data

The historical data trend for First Physicians Capital Group'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.

First Physicians Capital Group Return-on-Tangible-Equity Chart

First Physicians Capital Group Annual Data
Trend Jan04 Jan05 Jan06 Jan07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - Negative Tangible Equity Negative Tangible Equity

First Physicians Capital Group Quarterly Data
Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
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 Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity 2,470.15 247.35

Competitive Comparison of First Physicians Capital Group's Return-on-Tangible-Equity

For the Medical Care Facilities subindustry, First Physicians Capital Group'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.


First Physicians Capital Group's Return-on-Tangible-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, First Physicians Capital Group's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where First Physicians Capital Group's Return-on-Tangible-Equity falls into.



First Physicians Capital Group Return-on-Tangible-Equity Calculation

First Physicians Capital Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2013 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Sep. 2013 )  (A: Sep. 2012 )(A: Sep. 2013 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Sep. 2013 )  (A: Sep. 2012 )(A: Sep. 2013 )
=5.773/( (-9.467+-3.12 )/ 2 )
=5.773/-6.2935
=Negative Tangible Equity %

First Physicians Capital Group's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2014 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2014 )  (Q: Mar. 2014 )(Q: Jun. 2014 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2014 )  (Q: Mar. 2014 )(Q: Jun. 2014 )
=9.204/( (2.469+4.973)/ 2 )
=9.204/3.721
=247.35 %

* 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-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 (Jun. 2014) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


First Physicians Capital Group  (OTCPK:FPCG) 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.


First Physicians Capital Group Return-on-Tangible-Equity Related Terms

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First Physicians Capital Group Business Description

Traded in Other Exchanges
N/A
Address
433 North Camden Drive, Suite 810, Beverly Hills, CA, USA, 90210
First Physicians Capital Group Inc provides financial and managerial services to healthcare facilities in non-urban markets.
Executives
William A Houlihan director, 10 percent owner 10900 WAYZATA BOULEVARD, MINNETONKA MN 55305
Anthony J Ciabattoni 10 percent owner 16 LAGUNITA DRIVE, LAGUNA BEACH CA 92651

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