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Strasbaugh (Strasbaugh) Return-on-Tangible-Equity : Negative Tangible Equity% (As of Jun. 2010)


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What is Strasbaugh 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. Strasbaugh's annualized net income for the quarter that ended in Jun. 2010 was $1.81 Mil. Strasbaugh's average shareholder tangible equity for the quarter that ended in Jun. 2010 was $-6.91 Mil. Therefore, Strasbaugh's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2010 was Negative Tangible Equity%.

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

STRB's Return-on-Tangible-Equity is not ranked *
in the Semiconductors industry.
Industry Median: 5.23
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Strasbaugh Return-on-Tangible-Equity Historical Data

The historical data trend for Strasbaugh'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.

Strasbaugh Return-on-Tangible-Equity Chart

Strasbaugh Annual Data
Trend Mar98 Mar99 Mar00 Mar01 Mar02 Mar03 Mar04 Dec07 Dec08 Dec09
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.01 -22.76 -4.43 - -

Strasbaugh Quarterly Data
Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10
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 - - Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

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

For the Semiconductors subindustry, Strasbaugh'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.


Strasbaugh's Return-on-Tangible-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Strasbaugh's Return-on-Tangible-Equity distribution charts can be found below:

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



Strasbaugh Return-on-Tangible-Equity Calculation

Strasbaugh's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2009 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2009 )  (A: Dec. 2008 )(A: Dec. 2009 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2009 )  (A: Dec. 2008 )(A: Dec. 2009 )
=-0.68/( (-5.769+-6.799 )/ 2 )
=-0.68/-6.284
=N/A %

Strasbaugh's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2010 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2010 )  (Q: Mar. 2010 )(Q: Jun. 2010 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2010 )  (Q: Mar. 2010 )(Q: Jun. 2010 )
=1.808/( (-6.799+-7.011)/ 2 )
=1.808/-6.905
=Negative Tangible Equity %

* 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 (Jun. 2010) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Strasbaugh  (OTCPK:STRB) 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.


Strasbaugh Return-on-Tangible-Equity Related Terms

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Strasbaugh (Strasbaugh) Business Description

Traded in Other Exchanges
N/A
Address
825 Buckley Road, San Luis Obispo, CA, USA, 93401
Strasbaugh makes equipment that is used to make microelectronics. The company manufactures and sells CMP and grinding equipment for use in the production of semiconductor devices. Its CMP and wafer grinding systems are used to manufacture a range of mobile devices, including MEMS, LEDs, RF/power devices, thin film heads, and ICs.
Executives
Bryant R Riley director C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Miller Lloyd I Iii 10 percent owner
Richard H Nance officer: Executive VP and CFO 825 BUCKLEY ROAD, SAN LUIS OBISPO CA 93401
Wes Cummins director 4505 LORRAINE AVE, DALLAS TX 75205
Danilo Cacciamatta director
Michael B Targoff director 40 WEST 57TH ST., NEW YORK NY 10019

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