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Gerova Financial Group (Gerova Financial Group) Return-on-Tangible-Equity : -5.34% (As of Jun. 2009)


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What is Gerova Financial 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. Gerova Financial Group's annualized net income for the quarter that ended in Jun. 2009 was $-3.74 Mil. Gerova Financial Group's average shareholder tangible equity for the quarter that ended in Jun. 2009 was $70.13 Mil. Therefore, Gerova Financial Group's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2009 was -5.34%.

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

GVFG's Return-on-Tangible-Equity is not ranked *
in the Insurance industry.
Industry Median: 12.3
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Gerova Financial Group Return-on-Tangible-Equity Historical Data

The historical data trend for Gerova Financial 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.

Gerova Financial Group Return-on-Tangible-Equity Chart

Gerova Financial Group Annual Data
Trend Dec07 Dec08 Dec09
Return-on-Tangible-Equity
-13.64 0.36 0.47

Gerova Financial Group Quarterly Data
Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Dec09
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only -3.83 -0.36 -3.21 -5.34 -

Competitive Comparison of Gerova Financial Group's Return-on-Tangible-Equity

For the Insurance - Reinsurance subindustry, Gerova Financial 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.


Gerova Financial Group's Return-on-Tangible-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Gerova Financial Group's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Gerova Financial Group's Return-on-Tangible-Equity falls into.



Gerova Financial Group Return-on-Tangible-Equity Calculation

Gerova Financial Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2009 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2009 )  (A: Dec. 2008 )(A: Dec. 2009 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2009 )  (A: Dec. 2008 )(A: Dec. 2009 )
=0.335/( (71.163+71.498 )/ 2 )
=0.335/71.3305
=0.47 %

Gerova Financial Group's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2009 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2009 )  (Q: Mar. 2009 )(Q: Jun. 2009 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2009 )  (Q: Mar. 2009 )(Q: Jun. 2009 )
=-3.744/( (70.595+69.659)/ 2 )
=-3.744/70.127
=-5.34 %

* 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. 2009) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Gerova Financial Group  (OTCPK:GVFG) 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.


Gerova Financial Group Return-on-Tangible-Equity Related Terms

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Gerova Financial Group (Gerova Financial Group) Business Description

Traded in Other Exchanges
N/A
Address
Cumberland House, 5th Floor, 1 Victoria Street, Hamilton, BMU, HM 11
Website
Gerova Financial Group Ltd is an international reinsurance company focused on the life and annuity reinsurance markets, in addition to a niche property and causality business.

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