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FlexShopper (FlexShopper) ROE % : 4.90% (As of Dec. 2023)


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What is FlexShopper ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. FlexShopper's annualized net income for the quarter that ended in Dec. 2023 was $1.4 Mil. FlexShopper's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $28.9 Mil. Therefore, FlexShopper's annualized ROE % for the quarter that ended in Dec. 2023 was 4.90%.

The historical rank and industry rank for FlexShopper's ROE % or its related term are showing as below:

FPAY' s ROE % Range Over the Past 10 Years
Min: -140.66   Med: -46.76   Max: 57.79
Current: -14.36

During the past 13 years, FlexShopper's highest ROE % was 57.79%. The lowest was -140.66%. And the median was -46.76%.

FPAY's ROE % is ranked worse than
88.47% of 1041 companies
in the Business Services industry
Industry Median: 8.58 vs FPAY: -14.36

FlexShopper ROE % Historical Data

The historical data trend for FlexShopper's ROE % 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.

FlexShopper ROE % Chart

FlexShopper Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.25 -3.22 23.98 57.79 -14.05

FlexShopper Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % 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 116.84 -2.96 -72.43 13.45 4.90

Competitive Comparison of FlexShopper's ROE %

For the Rental & Leasing Services subindustry, FlexShopper's ROE %, along with its competitors' market caps and ROE % 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.


FlexShopper's ROE % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, FlexShopper's ROE % distribution charts can be found below:

* The bar in red indicates where FlexShopper's ROE % falls into.



FlexShopper ROE % Calculation

FlexShopper's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-4.234/( (31.035+29.231)/ 2 )
=-4.234/30.133
=-14.05 %

FlexShopper's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=1.416/( (28.602+29.231)/ 2 )
=1.416/28.9165
=4.90 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


FlexShopper  (NAS:FPAY) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=1.416/28.9165
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.416 / 121.084)*(121.084 / 150.4535)*(150.4535 / 28.9165)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.17 %*0.8048*5.203
=ROA %*Equity Multiplier
=0.94 %*5.203
=4.90 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=1.416/28.9165
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1.416 / 2.2) * (2.2 / 2.644) * (2.644 / 121.084) * (121.084 / 150.4535) * (150.4535 / 28.9165)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6436 * 0.8321 * 2.18 % * 0.8048 * 5.203
=4.90 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


FlexShopper ROE % Related Terms

Thank you for viewing the detailed overview of FlexShopper's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


FlexShopper (FlexShopper) Business Description

Traded in Other Exchanges
Address
901 Yamato Road, Suite 260, Boca Raton, FL, USA, 33431
FlexShopper Inc is a financial technology company engaged in providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers. Its products include electronics, computers, furniture, mattresses, cameras and camcorders, audio, musical instruments, health, fitness and sports, video games, homes, gardens and tools, appliances, and vacuums on a payment, lease basis. The firm generates a majority of its revenue by leasing its products. The company enables consumers utilizing its e-commerce marketplace to shop for brand-name electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis.
Executives
Howard Dvorkin director, 10 percent owner 6360 NW 5 WAY, FORT LAUDERDALE FL 33309
John Davis officer: COO 2445 TECHNOLOGY FOREST BLVD., STE. 800, THE WOODLANDS TX 77381
House Richard R Jr officer: Chief Executive Officer C/O ATLANTICUS HOLDINGS CORP, FIVE CONCOURSE PARKWAY SUITE 300, ATLANTA GA 30328
Thomas O. Katz director C/O FLEXSHOPPER, INC., 901 YAMATO ROAD, SUITE 260, BOCA RATON FL 33431
James Douglas Allen director 2221 E. LAMAR BLVD. SUITE 790, ARLINGTON TX 76006
Brad Mitchell Bernstein director, 10 percent owner, officer: President C/O ANCHOR FUNDING SERVICES, INC., 10801 JOHNSTON ROAD SUITE 210, CHARLOTTE NC 28226
T Scott King director 4100 HOLIDAY ST NW, CANTON OH 44718
Sean Hinze director 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Carl Pradelli director C/O DUANE READE INC, 440 9TH AVE, NEW YORK NY 10001
Ravi Radhakrishnan officer: Chief Risk Officer 2700 N. MILITARY TRAIL, SUITE 200, BOCA RATON FL 33431
Waterfall Asset Management, Llc 10 percent owner 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
Heiser Harold Russell Jr. officer: CFO 2700 NORTH MILITARY TRAIL, SUITE 200, BOCA RATON FL 33431
Katherine Verner director C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Daniel Ballen director 650 NEWPORT CENTER DRIVE C/O PIMCO, NEWPORT BEACH CA 92660
Pimco Bravo Fund Ii, L.p. 10 percent owner 840 NEWPORT CENTER DRIVE, SUITE 100, NEWPORT BEACH CA 92660