GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Fincera Inc (OTCPK:YUANF) » Definitions » Return-on-Tangible-Equity

Fincera (Fincera) Return-on-Tangible-Equity : 65.47% (As of Jun. 2019)


View and export this data going back to 2008. Start your Free Trial

What is Fincera 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. Fincera's annualized net income for the quarter that ended in Jun. 2019 was $35.4 Mil. Fincera's average shareholder tangible equity for the quarter that ended in Jun. 2019 was $54.0 Mil. Therefore, Fincera's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2019 was 65.47%.

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

YUANF's Return-on-Tangible-Equity is not ranked *
in the Credit Services industry.
Industry Median: 7.03
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Fincera Return-on-Tangible-Equity Historical Data

The historical data trend for Fincera'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.

Fincera Return-on-Tangible-Equity Chart

Fincera Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.11 -0.53 -1.28 -55.82 230.21

Fincera Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 209.60 103.92 -59.92 18.61 65.47

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

For the Credit Services subindustry, Fincera'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.


Fincera's Return-on-Tangible-Equity Distribution in the Credit Services Industry

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

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



Fincera Return-on-Tangible-Equity Calculation

Fincera's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2018 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2018 )  (A: Dec. 2017 )(A: Dec. 2018 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2018 )  (A: Dec. 2017 )(A: Dec. 2018 )
=39.921/( (-18.142+52.824 )/ 2 )
=39.921/17.341
=230.21 %

Fincera's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2019 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2019 )  (Q: Mar. 2019 )(Q: Jun. 2019 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2019 )  (Q: Mar. 2019 )(Q: Jun. 2019 )
=35.36/( (57.245+50.772)/ 2 )
=35.36/54.0085
=65.47 %

* 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. 2019) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Fincera  (OTCPK:YUANF) 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.


Fincera Return-on-Tangible-Equity Related Terms

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


Fincera (Fincera) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, East Main Street, 27th Floor, Kai Yuan Center, Hebei, Shijiazhuang, CHN
Fincera Inc provides web-based financing and e-commerce services for small and medium-sized businesses in China. Its services are small business lending, B2B payment solutions and e-commerce platforms and its products include CeraPay, CeraVest, TrueShip and AutoChekk. The company operates in Internet-based Business, Hotel Business, Office Leasing, and Corporate. The Internet-based Business generates maximum revenue for the company.
Executives
Weiss Asset Management Lp 10 percent owner 222 BERKELEY STREET, 16TH FLOOR, BOSTON MA 02116
Andrew M Weiss 10 percent owner 222 BERKELEY STREET, 16TH FLOOR, BOSTON MA 02116