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HTSPRA.PFD (Hatteras Financial) Return-on-Tangible-Equity : -13.59% (As of Mar. 2016)


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What is Hatteras Financial 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. Hatteras Financial's annualized net income for the quarter that ended in Mar. 2016 was $-284.66 Mil. Hatteras Financial's average shareholder tangible equity for the quarter that ended in Mar. 2016 was $2,094.36 Mil. Therefore, Hatteras Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2016 was -13.59%.

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

HTSPRA.PFD' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.74   Med: 13.26   Max: 20.91
Current: -0.31

During the past 9 years, Hatteras Financial's highest Return-on-Tangible-Equity was 20.91%. The lowest was -5.74%. And the median was 13.26%.

HTSPRA.PFD's Return-on-Tangible-Equity is not ranked
in the REITs industry.
Industry Median: 5.46 vs HTSPRA.PFD: -0.31

Hatteras Financial Return-on-Tangible-Equity Historical Data

The historical data trend for Hatteras Financial'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.

Hatteras Financial Return-on-Tangible-Equity Chart

Hatteras Financial Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only 17.63 13.55 -4.93 2.36 2.26

Hatteras Financial Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 -5.70 4.14 -14.85 26.84 -13.59

Competitive Comparison of Hatteras Financial's Return-on-Tangible-Equity

For the REIT - Residential subindustry, Hatteras Financial'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.


Hatteras Financial's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Hatteras Financial's Return-on-Tangible-Equity distribution charts can be found below:

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


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Hatteras Financial Return-on-Tangible-Equity Calculation

Hatteras Financial's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2015 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2015 )  (A: Dec. 2014 )(A: Dec. 2015 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2015 )  (A: Dec. 2014 )(A: Dec. 2015 )
=51.62/( (2420.796+2143.357 )/ 2 )
=51.62/2282.0765
=2.26 %

Hatteras Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2016 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2016 )  (Q: Dec. 2015 )(Q: Mar. 2016 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2016 )  (Q: Dec. 2015 )(Q: Mar. 2016 )
=-284.66/( (2143.357+2045.371)/ 2 )
=-284.66/2094.364
=-13.59 %

* 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 (Mar. 2016) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Hatteras Financial  (NYSE:HTSPRA.PFD) 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.


Hatteras Financial Return-on-Tangible-Equity Related Terms

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


Hatteras Financial Business Description

Traded in Other Exchanges
N/A
Address
Hatteras Financial Corp a Maryland Corp was incorporated on September 19, 2007. The Company is an externally-managed mortgage REIT that invests primarily in single-family residential mortgage real estate assets. In acquiring agency securities, the Company competes with mortgage REITs, mortgage finance and specialty finance companies, savings and loan associations, banks, mortgage bankers, insurance companies, mutual funds, institutional investors, investment banking firms, other lenders, governmental bodies and other entities.
Executives
Michael P Lau officer: President of Wind River 751 W. FOURTH STREET, SUITE 400, WINSTON-SALEM NC 27101
Nutt William V Jr director 751 W. FOURTH STREET, SUITE 400, WINSTON SALEM NC 27101
Vicki W Mcelreath director PO BOX 33068, CHARLOTTE NC 28233
Jeffrey Douglas Miller director 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Michael R Hough director, officer: Chief Executive Officer 751 W. FOURTH STREET, SUITE 400, WINSTON SALEM NC 27101
Benjamin M Hough director, officer: President and COO 751 W. FOURTH STREET, SUITE 400, WINSTON SALEM NC 27101
Thomas D Wren director C/O RAIT FINANCIAL TRUST, 2 LOGAN SQUARE, 100 N. 18TH ST., 23RD FL, PHILADELPHIA PA 19103
David W Berson director 751 W. FOURTH STREET, SUITE 400, WINSTON SALEM NC 27101
Boos Frederick J Ii officer: EVP and Co-CIO 751 W. FOURTH STREET, SUITE 400, WINSTON SALEM NC 27101
Kenneth A Steele officer: CFO, Treasurer and Secretary 751 W. FOURTH STREET, SUITE 400, WINSTON SALEM NC 27101
Ira G Kawaller director 751 W. FOURTH STREET, SUITE 400, WINSTON SALEM NC 27101
Gibbs William H Jr officer: EVP and Co-CIO 110 OAKWOOD DRIVE, SUITE 340, WINSTON SALEM NC 27103