GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Asset CanBanc Split Corp (TSX:CBU.PR.A.PFD) » Definitions » Return-on-Tangible-Equity

First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Return-on-Tangible-Equity : -16.12% (As of Jun. 2015)


View and export this data going back to . Start your Free Trial

What is First Asset CanBanc Split 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. First Asset CanBanc Split's annualized net income for the quarter that ended in Jun. 2015 was C$-1.99 Mil. First Asset CanBanc Split's average shareholder tangible equity for the quarter that ended in Jun. 2015 was C$12.37 Mil. Therefore, First Asset CanBanc Split's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2015 was -16.12%.

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

TSX:CBU.PR.A.PFD' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.97   Med: 11.83   Max: 52.32
Current: -4.97

During the past 6 years, First Asset CanBanc Split's highest Return-on-Tangible-Equity was 52.32%. The lowest was -4.97%. And the median was 11.83%.

TSX:CBU.PR.A.PFD's Return-on-Tangible-Equity is not ranked
in the Asset Management industry.
Industry Median: 7.28 vs TSX:CBU.PR.A.PFD: -4.97

First Asset CanBanc Split Return-on-Tangible-Equity Historical Data

The historical data trend for First Asset CanBanc Split'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.

First Asset CanBanc Split Return-on-Tangible-Equity Chart

First Asset CanBanc Split Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Return-on-Tangible-Equity
Get a 7-Day Free Trial 3.68 -2.55 12.92 18.64 10.74

First Asset CanBanc Split Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15
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 -4.07 42.80 15.74 5.80 -16.12

Competitive Comparison of First Asset CanBanc Split's Return-on-Tangible-Equity

For the Asset Management subindustry, First Asset CanBanc Split'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.


First Asset CanBanc Split's Return-on-Tangible-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where First Asset CanBanc Split's Return-on-Tangible-Equity falls into.


;
;

First Asset CanBanc Split Return-on-Tangible-Equity Calculation

First Asset CanBanc Split's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2014 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2014 )  (A: Dec. 2013 )(A: Dec. 2014 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2014 )  (A: Dec. 2013 )(A: Dec. 2014 )
=1.383/( (12.801+12.961 )/ 2 )
=1.383/12.881
=10.74 %

First Asset CanBanc Split's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2015 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2015 )  (Q: Dec. 2014 )(Q: Jun. 2015 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2015 )  (Q: Dec. 2014 )(Q: Jun. 2015 )
=-1.994/( (12.961+11.784)/ 2 )
=-1.994/12.3725
=-16.12 %

* 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 (Jun. 2015) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


First Asset CanBanc Split  (TSX:CBU.PR.A.PFD) 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.


First Asset CanBanc Split Return-on-Tangible-Equity Related Terms

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


First Asset CanBanc Split Business Description

Traded in Other Exchanges
N/A
Address
First Asset CanBanc Split Corp was incorporated under the laws of the Province of Ontario on September 5, 2008, is a mutual fund corporation whose investment portfolio consists of common shares of the six largest Canadian banks. The Fund's objectives in managing its capital with respect to the preferred shares are to provide preferred shareholders with fixed cumulative preferential quarterly cash distributions in the amount of $0.1625 per preferred share and to return the original issue price to preferred shareholders at the time of redemption of such shares on or about January 15, 2016. The Fund's objectives in managing its capital with respect to the Class A shares are to provide Class A shareholders with the opportunity to participate in the performance of the Fund's portfolio on a leveraged basis and to benefit from any increase in the dividends from the securities in the Fund's portfolio.

First Asset CanBanc Split Headlines

No Headlines