GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Corporate Resource Services Inc (FRA:HTS1) » Definitions » ROE %

Corporate Resource Services (FRA:HTS1) ROE % : 35.06% (As of Sep. 2014)


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

What is Corporate Resource Services ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Corporate Resource Services's annualized net income for the quarter that ended in Sep. 2014 was €7.5 Mil. Corporate Resource Services's average Total Stockholders Equity over the quarter that ended in Sep. 2014 was €21.5 Mil. Therefore, Corporate Resource Services's annualized ROE % for the quarter that ended in Sep. 2014 was 35.06%.

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

FRA:HTS1's ROE % is not ranked *
in the Business Services industry.
Industry Median: 8.37
* Ranked among companies with meaningful ROE % only.

Corporate Resource Services ROE % Historical Data

The historical data trend for Corporate Resource Services'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.

Corporate Resource Services ROE % Chart

Corporate Resource Services Annual Data
Trend Sep00 Sep01 Sep02 Sep03 Sep08 Sep09 Sep10 Sep11 Sep12 Dec13
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -174.12 -110.65 2.62 -33.56 13.05

Corporate Resource Services Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 26.98 2.86 -46.71 5.16 35.06

Competitive Comparison of Corporate Resource Services's ROE %

For the Staffing & Employment Services subindustry, Corporate Resource Services'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.


Corporate Resource Services's ROE % Distribution in the Business Services Industry

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

* The bar in red indicates where Corporate Resource Services's ROE % falls into.



Corporate Resource Services ROE % Calculation

Corporate Resource Services's annualized ROE % for the fiscal year that ended in Dec. 2013 is calculated as

ROE %=Net Income (A: Dec. 2013 )/( (Total Stockholders Equity (A: Sep. 2012 )+Total Stockholders Equity (A: Dec. 2013 ))/ count )
=2.026/( (11.437+19.618)/ 2 )
=2.026/15.5275
=13.05 %

Corporate Resource Services's annualized ROE % for the quarter that ended in Sep. 2014 is calculated as

ROE %=Net Income (Q: Sep. 2014 )/( (Total Stockholders Equity (Q: Jun. 2014 )+Total Stockholders Equity (Q: Sep. 2014 ))/ count )
=7.548/( (19.589+23.465)/ 2 )
=7.548/21.527
=35.06 %

* 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 (Sep. 2014) net income data. ROE % is displayed in the 30-year financial page.


Corporate Resource Services  (FRA:HTS1) 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: Sep. 2014 )
=Net Income/Total Stockholders Equity
=7.548/21.527
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(7.548 / 807.924)*(807.924 / 135.5745)*(135.5745 / 21.527)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.93 %*5.9593*6.2979
=ROA %*Equity Multiplier
=5.54 %*6.2979
=35.06 %

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: Sep. 2014 )
=Net Income/Total Stockholders Equity
=7.548/21.527
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (7.548 / 8.484) * (8.484 / 25.224) * (25.224 / 807.924) * (807.924 / 135.5745) * (135.5745 / 21.527)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8897 * 0.3363 * 3.12 % * 5.9593 * 6.2979
=35.06 %

Note: The net income data used here is four times the quarterly (Sep. 2014) net income data. The Revenue data used here is four times the quarterly (Sep. 2014) 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.


Corporate Resource Services ROE % Related Terms

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


Corporate Resource Services (FRA:HTS1) Business Description

Traded in Other Exchanges
N/A
Address
160 Broadway, 13th Floor, New York, NY, USA, 10038
Corporate Resource Services Inc provides diversified technology staffing, recruiting and consulting services. It offers trained employees for Insurance, IT, Accounting, Science, Healthcare, Creative Services, Hospitality, Retail and Light Industrial Work.

Corporate Resource Services (FRA:HTS1) Headlines

No Headlines