What is Consumer Portfolio Services 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. Consumer Portfolio Services's annualized net income for the quarter that ended in Mar. 2024 was $18.4 Mil. Consumer Portfolio Services's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $276.9 Mil. Therefore, Consumer Portfolio Services's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 6.63%.
The historical rank and industry rank for Consumer Portfolio Services's Return-on-Tangible-Equity or its related term are showing as below:
CPSS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.03 Med: 17.45 Max: 43.14
Current: 13.7
During the past 13 years, Consumer Portfolio Services's highest Return-on-Tangible-Equity was 43.14%. The lowest was 2.03%. And the median was 17.45%.
CPSS's Return-on-Tangible-Equity is ranked better than 72.51% of 502
companies
in the Credit Services industry
Industry Median: 6.935
vs CPSS: 13.70
Consumer Portfolio Services Return-on-Tangible-Equity Historical Data
* 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.
Competitive Comparison of Consumer Portfolio Services's Return-on-Tangible-Equity
For the Credit Services subindustry, Consumer Portfolio Services'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.
Consumer Portfolio Services's Return-on-Tangible-Equity Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Consumer Portfolio Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Consumer Portfolio Services's Return-on-Tangible-Equity falls into.
* 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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Consumer Portfolio Services Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Consumer Portfolio Services's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Consumer Portfolio Services (Consumer Portfolio Services) Business Description
Consumer Portfolio Services Inc is a U.S based company operating in the specialty finance sector. Its business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and, to a lesser extent, by select independent dealers in the U.S. in the sale of new and used automobiles, light trucks and passenger vans. Through its automobile contract purchases, the company provides indirect financing to the customers of dealers having limited credit histories, low incomes or past credit problems, who it refers to as sub-prime customers. It serves as an alternative source of financing for dealers, facilitating sales to customers.
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