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Mobile Mini (Mobile Mini) Return-on-Tangible-Equity : 47.28% (As of Mar. 2020)


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What is Mobile Mini 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. Mobile Mini's annualized net income for the quarter that ended in Mar. 2020 was $33.2 Mil. Mobile Mini's average shareholder tangible equity for the quarter that ended in Mar. 2020 was $70.2 Mil. Therefore, Mobile Mini's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2020 was 47.28%.

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

MINI's Return-on-Tangible-Equity is not ranked *
in the Business Services industry.
Industry Median: 12.07
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Mobile Mini Return-on-Tangible-Equity Historical Data

The historical data trend for Mobile Mini'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.

Mobile Mini Return-on-Tangible-Equity Chart

Mobile Mini Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.74 Negative Tangible Equity 449.43 -11.50 132.61

Mobile Mini Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 126.84 89.53 163.23 183.72 47.28

Competitive Comparison of Mobile Mini's Return-on-Tangible-Equity

For the Rental & Leasing Services subindustry, Mobile Mini'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.


Mobile Mini's Return-on-Tangible-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Mobile Mini's Return-on-Tangible-Equity distribution charts can be found below:

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



Mobile Mini Return-on-Tangible-Equity Calculation

Mobile Mini's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2019 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=83.734/( (49.51+76.773 )/ 2 )
=83.734/63.1415
=132.61 %

Mobile Mini's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2020 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2020 )  (Q: Dec. 2019 )(Q: Mar. 2020 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2020 )  (Q: Dec. 2019 )(Q: Mar. 2020 )
=33.204/( (76.773+63.688)/ 2 )
=33.204/70.2305
=47.28 %

* 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. 2020) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Mobile Mini  (NAS:MINI) 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.


Mobile Mini Return-on-Tangible-Equity Related Terms

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


Mobile Mini (Mobile Mini) Business Description

Traded in Other Exchanges
N/A
Address
4646 East Van Buren Street, Suite 400, Phoenix, AZ, USA, 85008
Mobile Mini Inc manufactures, rents, and sells portable storage containers. It generates the vast majority of its revenue from the rental of storage containers. The company's products are organized into two primary categories. Portable storage containers are dropped off at a customers' location by Mobile Mini and used by businesses in the retail, manufacturing, and construction industries. Tank and Pump Solutions consists of liquid and solid containers, as well as pumps and filtration equipment used by companies in the chemicals manufacturing, refining, mining, and the oil and gas industries. The company organizes itself into three segments based on geography: North America, United Kingdom, and Tank and Pump Solutions. The majority of revenue comes from the North America segment.
Executives
Kelly M Williams officer: President & C.E.O. 7420 S. KYRENE ROAD, SUITE 101, TEMPE AZ 85283
Michael W Upchurch director KANSAS CITY SOUTHERN, PO BOX 219335, KANSAS CITY MO 64121
Jeffrey S Goble director 10617 NORTH HAYDEN ROAD SUITE 100, SCOTTSDALE AZ 85260
Christopher J Miner officer: Senior VP & General Counsel 7420 SOUTH KYRENE ROAD SUITE 101, TEMPE AZ 85253
Erik Olsson director C/O RSC HOLDINGS INC., 6929 E. GREENWAY PARKWAY, SCOTTSDALE AZ 85254
Kimberly J Mcwaters director 20410 NORTH 19TH AVENUE, PHOENIX AZ 85027
Mark W Krivoruchka officer: S.V.P. and Chief H.R. Officer RSC HOLDINGS INC. 6929 EAST GREENWAY PARKWAY, SUITE 200 SCOTTSDALE AZ 85254
James J Martell director 314 RINGLING POINT DRIVE, SARASOTA FL 34234
Sara R. Dial director 3300 W. CAMELBACK ROAD, SCOTTSDALE AZ 85017
Stephen A Mcconnell director 6700 EAST SOLANO DRIVE, PARADISE VALLEY AZ 85253
Sanjay Swani director 320 PARK AVENUE STE 2500, NEW YORK NY 10022
Philip Hobson officer: Executive V.P., Operations C/O RSC HOLDINGS INC., 6929 E. GREENWAY PARKWAY, SCOTTSDALE AZ 85254
Thomas Scully 10 percent owner 320 PARK AVENUE, SUITE # 2500, NEW YORK NM 10022
Wcas Management Corp 10 percent owner 599 LEXINGTON AVENUE, SUITE 1800, NEW YORK NY 10022
Anthony F Ecock 10 percent owner C/O ICAD INC, 98 SPIT BROOK ROAD SUITE 100, NASHUA NH 03062