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Maxxam (Maxxam) Return-on-Tangible-Equity : 0.00% (As of Sep. 2009)


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What is Maxxam 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. Maxxam's annualized net income for the quarter that ended in Sep. 2009 was $-34.00 Mil. Maxxam's average shareholder tangible equity for the quarter that ended in Sep. 2009 was $-412.35 Mil. Therefore, Maxxam's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2009 was N/A%.

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

MAXX's Return-on-Tangible-Equity is not ranked *
in the Real Estate industry.
Industry Median: 2.94
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Maxxam Return-on-Tangible-Equity Historical Data

The historical data trend for Maxxam'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.

Maxxam Return-on-Tangible-Equity Chart

Maxxam Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - Negative Tangible Equity - -

Maxxam Quarterly Data
Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09
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 - - - - -

Competitive Comparison of Maxxam's Return-on-Tangible-Equity

For the Real Estate Services subindustry, Maxxam'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.


Maxxam's Return-on-Tangible-Equity Distribution in the Real Estate Industry

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

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



Maxxam Return-on-Tangible-Equity Calculation

Maxxam's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2008 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2008 )  (A: Dec. 2007 )(A: Dec. 2008 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2008 )  (A: Dec. 2007 )(A: Dec. 2008 )
=-92.4/( (-261.2+-387 )/ 2 )
=-92.4/-324.1
=N/A %

Maxxam's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2009 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2009 )  (Q: Jun. 2009 )(Q: Sep. 2009 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2009 )  (Q: Jun. 2009 )(Q: Sep. 2009 )
=-34/( (-408.3+-416.4)/ 2 )
=-34/-412.35
=N/A %

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


Maxxam  (OTCPK:MAXX) 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.


Maxxam Return-on-Tangible-Equity Related Terms

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


Maxxam (Maxxam) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Maxxam Inc through its subsidiaries, is engaged in the residential and commercial real estate investment and development, and racing operations.
Executives
Charles E Hurwitz director, 10 percent owner, officer: Chairman of the Board & CEO 1330 POST OAK BOULEVARD, SUITE 2000, HOUSTON TX 77056
Robert J Cruikshank director 2001 KIRBY, SUITE 313, HOUSTON TX 77019
Ezra G Levin director 1330 POST OAK BLVD., SUITE 2000, HOUSTON TX 77056
Luxor Capital Group, Lp 10 percent owner 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Luxor Capital Partners Offshore Ltd 10 percent owner C/O MAPLES CORPORATE SERVICES LTD., PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Luxor Capital Partners, Lp 10 percent owner 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Elizabeth D Brumley officer: Controller 9800 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
Lcg Holdings Llc 10 percent owner 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036

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