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Dexion Trading (LSE:DTL) Return-on-Tangible-Equity : 0.18% (As of Dec. 2013)


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What is Dexion Trading 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. Dexion Trading's annualized net income for the quarter that ended in Dec. 2013 was £0.21 Mil. Dexion Trading's average shareholder tangible equity for the quarter that ended in Dec. 2013 was £113.10 Mil. Therefore, Dexion Trading's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2013 was 0.18%.

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

LSE:DTL's Return-on-Tangible-Equity is not ranked *
in the Asset Management industry.
Industry Median: 5.225
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Dexion Trading Return-on-Tangible-Equity Historical Data

The historical data trend for Dexion Trading'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.

Dexion Trading Return-on-Tangible-Equity Chart

Dexion Trading Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only 8.49 5.63 -3.55 0.72 3.57

Dexion Trading Semi-Annual Data
Dec12 Jun13 Dec13
Return-on-Tangible-Equity 5.20 5.91 0.18

Competitive Comparison of Dexion Trading's Return-on-Tangible-Equity

For the Asset Management subindustry, Dexion Trading'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.


Dexion Trading's Return-on-Tangible-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Dexion Trading's Return-on-Tangible-Equity distribution charts can be found below:

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



Dexion Trading Return-on-Tangible-Equity Calculation

Dexion Trading'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: Dec. 2012 )(A: Dec. 2013 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=3.972/( (129.004+93.319 )/ 2 )
=3.972/111.1615
=3.57 %

Dexion Trading's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2013 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2013 )  (Q: Jun. 2013 )(Q: Dec. 2013 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2013 )  (Q: Jun. 2013 )(Q: Dec. 2013 )
=0.208/( (132.872+93.319)/ 2 )
=0.208/113.0955
=0.18 %

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


Dexion Trading  (LSE:DTL) 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.


Dexion Trading Return-on-Tangible-Equity Related Terms

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


Dexion Trading (LSE:DTL) Business Description

Traded in Other Exchanges
N/A
Address
Dexion Trading Ltd was incorporated with limited liability in Guernsey, Channel Islands on 28 October 2004. It is a closed-ended investment company. The Company's investment objective is to provide investment returns that have lower risk than traditional investment returns and, over time, to achieve above market returns.

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