Chernomorski Holding AD (XBUL:CHL) Return-on-Tangible-Equity : 0.00% (As of . 20)

View and export this data going back to 1998. Start your Free Trial

What is Chernomorski Holding AD 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. Chernomorski Holding AD's annualized net income for the quarter that ended in . 20 was лв Mil. Chernomorski Holding AD's average shareholder tangible equity for the quarter that ended in . 20 was лв Mil. Therefore, Chernomorski Holding AD's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 was %.

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

XBUL:CHL's Return-on-Tangible-Equity is not ranked ^*
in the Insurance industry.
Industry Median: 12.695
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Chernomorski Holding AD Return-on-Tangible-Equity Historical Data

The historical data trend for Chernomorski Holding AD'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.

Chernomorski Holding AD Return-on-Tangible-Equity Chart

Chernomorski Holding AD Annual Data

Trend

Return-on-Tangible-Equity

Chernomorski Holding AD Semi-Annual Data

Return-on-Tangible-Equity

Competitive Comparison of Chernomorski Holding AD's Return-on-Tangible-Equity

For the Insurance - Diversified subindustry, Chernomorski Holding AD'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.

Chernomorski Holding AD's Return-on-Tangible-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Chernomorski Holding AD's Return-on-Tangible-Equity distribution charts can be found below:

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

Save Embed

;

Save Embed

;

Chernomorski Holding AD Return-on-Tangible-Equity Calculation

Chernomorski Holding AD's annualized Return-on-Tangible-Equity for the fiscal year that ended in . 20 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

Chernomorski Holding AD's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

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 one times the annual (. 20) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Chernomorski Holding AD (XBUL:CHL) 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.

Chernomorski Holding AD Return-on-Tangible-Equity Related Terms

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