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Corporate Resource Services (FRA:HTS1) Return-on-Tangible-Equity : Negative Tangible Equity% (As of Sep. 2014)


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What is Corporate Resource Services 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. Corporate Resource Services's annualized net income for the quarter that ended in Sep. 2014 was €7.5 Mil. Corporate Resource Services's average shareholder tangible equity for the quarter that ended in Sep. 2014 was €-9.1 Mil. Therefore, Corporate Resource Services's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2014 was Negative Tangible Equity%.

The historical rank and industry rank for Corporate Resource Services's Return-on-Tangible-Equity or its related term are showing as below:

FRA:HTS1's Return-on-Tangible-Equity is not ranked *
in the Business Services industry.
Industry Median: 11.92
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Corporate Resource Services Return-on-Tangible-Equity Historical Data

The historical data trend for Corporate Resource Services'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.

Corporate Resource Services Return-on-Tangible-Equity Chart

Corporate Resource Services Annual Data
Trend Sep00 Sep01 Sep02 Sep03 Sep08 Sep09 Sep10 Sep11 Sep12 Dec13
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - Negative Tangible Equity - Negative Tangible Equity

Corporate Resource Services Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 324.32 52.96 - Negative Tangible Equity Negative Tangible Equity

Competitive Comparison of Corporate Resource Services's Return-on-Tangible-Equity

For the Staffing & Employment Services subindustry, Corporate Resource Services'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.


Corporate Resource Services's Return-on-Tangible-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Corporate Resource Services's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Corporate Resource Services's Return-on-Tangible-Equity falls into.



Corporate Resource Services Return-on-Tangible-Equity Calculation

Corporate Resource Services's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2013 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2013 )  (A: Sep. 2012 )(A: Dec. 2013 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2013 )  (A: Sep. 2012 )(A: Dec. 2013 )
=2.026/( (-1.281+-0.988 )/ 2 )
=2.026/-1.1345
=Negative Tangible Equity %

Corporate Resource Services's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2014 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2014 )  (Q: Jun. 2014 )(Q: Sep. 2014 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2014 )  (Q: Jun. 2014 )(Q: Sep. 2014 )
=7.548/( (-10.452+-7.662)/ 2 )
=7.548/-9.057
=Negative Tangible Equity %

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


Corporate Resource Services  (FRA:HTS1) 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.


Corporate Resource Services Return-on-Tangible-Equity Related Terms

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Corporate Resource Services (FRA:HTS1) Business Description

Traded in Other Exchanges
N/A
Address
160 Broadway, 13th Floor, New York, NY, USA, 10038
Corporate Resource Services Inc provides diversified technology staffing, recruiting and consulting services. It offers trained employees for Insurance, IT, Accounting, Science, Healthcare, Creative Services, Hospitality, Retail and Light Industrial Work.

Corporate Resource Services (FRA:HTS1) Headlines

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