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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. Jernigan Capital's annualized net income for the quarter that ended in Sep. 2020 was $-18.50 Mil. Jernigan Capital's average shareholder tangible equity for the quarter that ended in Sep. 2020 was $538.95 Mil. Therefore, Jernigan Capital's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2020 was -3.43%.
The historical rank and industry rank for Jernigan Capital's Return-on-Tangible-Equity or its related term are showing as below:
During the past 6 years, Jernigan Capital's highest Return-on-Tangible-Equity was 10.88%. The lowest was -12.90%. And the median was 5.45%.
The historical data trend for Jernigan Capital'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.
Jernigan Capital Annual Data | |||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -5.81 | 11.88 | 6.14 | 12.74 | 7.81 |
Jernigan Capital 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 | 7.45 | 4.39 | -37.08 | -0.25 | -3.43 |
For the REIT - Industrial subindustry, Jernigan Capital'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.
For the REITs industry and Real Estate sector, Jernigan Capital's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Jernigan Capital's Return-on-Tangible-Equity falls into.
Jernigan Capital'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 ) | |||||
= | 44.406 | / | ( (547.864 | + | 588.874 ) | / 2 ) | |
= | 44.406 | / | 568.369 | ||||
= | 7.81 % |
Jernigan Capital'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 ) | |||||
= | -18.504 | / | ( (542.54 | + | 535.351) | / 2 ) | |
= | -18.504 | / | 538.9455 | ||||
= | -3.43 % |
* 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.
Jernigan Capital (NYSE:JCAPpB.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.
Thank you for viewing the detailed overview of Jernigan Capital's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
David Corak | officer: SVP, Corporate Finance | 6410 POPLAR AVE, SUITE 650, MEMPHIS TN 38119 |
Rebecca L Owen | director | 1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006 |
Randy L Churchey | director | 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120 |
Jonathan L Perry | officer: EVP, Chief Investment Officer | 5 OLD LANCASTER ROAD, MALVERN PA 19355 |
Kelly P Luttrell | officer: SVP, CFO and Treasurer | 1395 BRICKELL AVENUE, MIAMI FL 33131 |
James D Dondero | director | 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201 |
Dean Jernigan | director, officer: Chairman and CEO | C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031 |
John A Good | director, officer: President and COO | C/O JERNIGAN CAPITAL, INC., 1395 BRICKELL AVENUE, MIAMI FL 33131 |
William C. Drummond | officer: SVP, CFO and Treasurer | 1395 BRICKELL AVENUE, MIAMI FL 33131 |
Harry J. Thie | director | 1395 BRICKELL AVENUE, MIAMI FL 33131 |
Howard A Silver | director | 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120 |
Mark O. Decker | director | 1395 BRICKELL AVENUE, MIAMI FL 33131 |
Sam J. Jenkins | director | 1395 BRICKELL AVENUE, MIAMI FL 33131 |
Gregory W. Ward | officer: CFO, Secretary and Treasurer | 1395 BRICKELL AVENUE, MIAMI FL 33131 |
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