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Sina Finance and Credit Co (XTEH:VSIN1) Return-on-Tangible-Equity : 60.82% (As of Mar. 2014)


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What is Sina Finance and Credit 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. Sina Finance and Credit Co's annualized net income for the quarter that ended in Mar. 2014 was IRR4,841,000 Mil. Sina Finance and Credit Co's average shareholder tangible equity for the quarter that ended in Mar. 2014 was IRR7,960,000 Mil. Therefore, Sina Finance and Credit Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2014 was 60.82%.

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

XTEH:VSIN1's Return-on-Tangible-Equity is not ranked *
in the Banks industry.
Industry Median: 10.78
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Sina Finance and Credit Co Return-on-Tangible-Equity Historical Data

The historical data trend for Sina Finance and Credit 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.

Sina Finance and Credit Co Return-on-Tangible-Equity Chart

Sina Finance and Credit Co Annual Data
Trend Mar12 Mar13 Mar14
Return-on-Tangible-Equity
27.92 42.25 60.82

Sina Finance and Credit Co Semi-Annual Data
Mar12 Mar13 Mar14
Return-on-Tangible-Equity 27.92 42.25 60.82

Competitive Comparison of Sina Finance and Credit Co's Return-on-Tangible-Equity

For the Banks - Regional subindustry, Sina Finance and Credit 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.


Sina Finance and Credit Co's Return-on-Tangible-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sina Finance and Credit Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Sina Finance and Credit Co's Return-on-Tangible-Equity falls into.



Sina Finance and Credit Co Return-on-Tangible-Equity Calculation

Sina Finance and Credit Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2014 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2014 )  (A: Mar. 2013 )(A: Mar. 2014 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2014 )  (A: Mar. 2013 )(A: Mar. 2014 )
=4841000/( (6388000+9532000 )/ 2 )
=4841000/7960000
=60.82 %

Sina Finance and Credit Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2014 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2014 )  (Q: Mar. 2013 )(Q: Mar. 2014 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2014 )  (Q: Mar. 2013 )(Q: Mar. 2014 )
=4841000/( (6388000+9532000)/ 2 )
=4841000/7960000
=60.82 %

* 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 one times the annual (Mar. 2014) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Sina Finance and Credit Co  (XTEH:VSIN1) 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.


Sina Finance and Credit Co Return-on-Tangible-Equity Related Terms

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Sina Finance and Credit Co (XTEH:VSIN1) Business Description

Traded in Other Exchanges
N/A
Address
No 187 Motahari Avenue, Tehran, IRN, 1587998411
Sina Finance and Credit Co is a credit and finance company. Its business activities consist of monetary, financial and credential performances as well as other activities related to various parts of the economy and giving service to real and legal persons. The company also aims at funding various production, business and service units as well as granting credit facilities to various economic sectors. Sina offers various banking services including internet banking, mobile banking, telephone banking, loans, foreign exchange and SMS banking services.

Sina Finance and Credit Co (XTEH:VSIN1) Headlines

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