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Nascent Wine Co (Nascent Wine Co) Return-on-Tangible-Equity : -154.17% (As of Sep. 2008)


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What is Nascent Wine Co 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. Nascent Wine Co's annualized net income for the quarter that ended in Sep. 2008 was $-10.79 Mil. Nascent Wine Co's average shareholder tangible equity for the quarter that ended in Sep. 2008 was $7.00 Mil. Therefore, Nascent Wine Co's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2008 was -154.17%.

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

NCTW's Return-on-Tangible-Equity is not ranked *
in the Retail - Defensive industry.
Industry Median: 12.05
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Nascent Wine Co Return-on-Tangible-Equity Historical Data

The historical data trend for Nascent Wine Co'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.

Nascent Wine Co Return-on-Tangible-Equity Chart

Nascent Wine Co Annual Data
Trend Dec05 Dec06 Dec07
Return-on-Tangible-Equity
-73.68 - -

Nascent Wine Co Quarterly Data
Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08
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 -3,007.30 -700.15 -99.10 -508.43 -154.17

Competitive Comparison of Nascent Wine Co's Return-on-Tangible-Equity

For the Food Distribution subindustry, Nascent Wine Co'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.


Nascent Wine Co's Return-on-Tangible-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Nascent Wine Co's Return-on-Tangible-Equity distribution charts can be found below:

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



Nascent Wine Co Return-on-Tangible-Equity Calculation

Nascent Wine Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2007 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2007 )  (A: Dec. 2006 )(A: Dec. 2007 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2007 )  (A: Dec. 2006 )(A: Dec. 2007 )
=-9.406/( (-3.136+1.59 )/ 2 )
=-9.406/-0.773
=N/A %

Nascent Wine Co's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2008 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2008 )  (Q: Jun. 2008 )(Q: Sep. 2008 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2008 )  (Q: Jun. 2008 )(Q: Sep. 2008 )
=-10.788/( (10.156+3.839)/ 2 )
=-10.788/6.9975
=-154.17 %

* 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. 2008) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Nascent Wine Co  (OTCPK:NCTW) 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.


Nascent Wine Co Return-on-Tangible-Equity Related Terms

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Nascent Wine Co (Nascent Wine Co) Business Description

Traded in Other Exchanges
N/A
Address
12055 East Broadway Boulevard, Tucson, AZ, USA, 85748
Nascent Wine Co Inc engages in the distribution of food and non-food products. It distributes a full line of frozen foods, such as meats, fully prepared entrees & desserts, and a full line of canned and dry goods, fresh meats and imported specialties.
Executives
Jgd Management Corp /ny director, 10 percent owner 767 FIFTH AVENUE, 17TH FLOOR, NEW YORK NY 10153
James E Buckman director YORK CAPITAL MANAGEMENT, 767 5TH AVENUE - 17TH FLOOR, NEW YORK NY 10153

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