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Albemarle & Bond Holdings (LSE:ABM) Return-on-Tangible-Equity : 7.27% (As of Jun. 2013)


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What is Albemarle & Bond Holdings 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. Albemarle & Bond Holdings's annualized net income for the quarter that ended in Jun. 2013 was £3.5 Mil. Albemarle & Bond Holdings's average shareholder tangible equity for the quarter that ended in Jun. 2013 was £48.7 Mil. Therefore, Albemarle & Bond Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2013 was 7.27%.

The historical rank and industry rank for Albemarle & Bond Holdings's Return-on-Tangible-Equity or its related term are showing as below:

LSE:ABM's Return-on-Tangible-Equity is not ranked *
in the Credit Services industry.
Industry Median: 6.85
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Albemarle & Bond Holdings Return-on-Tangible-Equity Historical Data

The historical data trend for Albemarle & Bond Holdings'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.

Albemarle & Bond Holdings Return-on-Tangible-Equity Chart

Albemarle & Bond Holdings Annual Data
Trend Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.05 46.11 37.94 31.95 7.27

Albemarle & Bond Holdings Semi-Annual Data
Jun92 Jun93 Jun94 Jun95 Jun96 Jun97 Jun98 Jun01 Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
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 44.05 46.11 37.94 31.95 7.27

Competitive Comparison of Albemarle & Bond Holdings's Return-on-Tangible-Equity

For the Credit Services subindustry, Albemarle & Bond Holdings'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.


Albemarle & Bond Holdings's Return-on-Tangible-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Albemarle & Bond Holdings's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Albemarle & Bond Holdings's Return-on-Tangible-Equity falls into.



Albemarle & Bond Holdings Return-on-Tangible-Equity Calculation

Albemarle & Bond Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2013 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jun. 2013 )  (A: Jun. 2012 )(A: Jun. 2013 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jun. 2013 )  (A: Jun. 2012 )(A: Jun. 2013 )
=3.536/( (52.429+44.91 )/ 2 )
=3.536/48.6695
=7.27 %

Albemarle & Bond Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2013 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2013 )  (Q: Jun. 2012 )(Q: Jun. 2013 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2013 )  (Q: Jun. 2012 )(Q: Jun. 2013 )
=3.536/( (52.429+44.91)/ 2 )
=3.536/48.6695
=7.27 %

* 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 one times the annual (Jun. 2013) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Albemarle & Bond Holdings  (LSE:ABM) 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.


Albemarle & Bond Holdings Return-on-Tangible-Equity Related Terms

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Albemarle & Bond Holdings Business Description

Traded in Other Exchanges
N/A
Address
Albemarle & Bond Holdings PLC was incorporated on January 17, 1986. The Company is a holding company engaged in pawnbroking, retail jewellery sales, gold purchasing, unsecured lending, including cheque cashing and other financial services. It has approximately 230 stores and 1,000 employees. Operating under the two brands, Albemarle Bond and Herbert Brown, it provides its customers with a range of services including jewellery retailing, pawnbroking loans, gold purchasing and a range of unsecured loan products. The pawn loan is secured against jewellery for a maximum of six months. The customer can redeem their jewellery by repaying the loan and interest owing at any time without incurring penalties for early redemption. The Company provides short-term loans through three products, PayDay Advances, Speedloans, and Cheque Cashing. PayDay Advances offer customers short-term unsecured loans to meet their cash flow requirements until wages are received. Speedloans provide customers with immediately available installment loans over a longer term of between six and 18 months and Cheque Cashing provides access to their cash for customers who have received cheques. The Company offers a range of new and second hand jewellery. Herbert Brown offers a range of new, second hand and antique jewellery.