PICOP Resources (PHS:PCP) Return-on-Tangible-Equity : 0.00% (As of . 20)

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What is PICOP Resources 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. PICOP Resources's annualized net income for the quarter that ended in . 20 was ₱ Mil. PICOP Resources's average shareholder tangible equity for the quarter that ended in . 20 was ₱ Mil. Therefore, PICOP Resources's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 was %.

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

PHS:PCP's Return-on-Tangible-Equity is not ranked ^*
in the Forest Products industry.
Industry Median: 4.09
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

PICOP Resources Return-on-Tangible-Equity Historical Data

The historical data trend for PICOP Resources'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.

PICOP Resources Return-on-Tangible-Equity Chart

PICOP Resources Annual Data

Trend

Return-on-Tangible-Equity

PICOP Resources Quarterly Data

Return-on-Tangible-Equity

Competitive Comparison of PICOP Resources's Return-on-Tangible-Equity

For the Paper & Paper Products subindustry, PICOP Resources'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.

PICOP Resources's Return-on-Tangible-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, PICOP Resources's Return-on-Tangible-Equity distribution charts can be found below:

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

PICOP Resources Return-on-Tangible-Equity Calculation

PICOP Resources's annualized Return-on-Tangible-Equity for the fiscal year that ended in . 20 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

PICOP Resources's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

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

PICOP Resources (PHS:PCP) 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.

PICOP Resources Return-on-Tangible-Equity Related Terms

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

PICOP Resources (PHS:PCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » PICOP Resources Inc (PHS:PCP) » Definitions » Return-on-Tangible-Equity

Traded in Other Exchanges

N/A

Address

2/F Moredel Building, 2280 Pasong Tamo Extension, Makati City, PHL

Website

PICOP Resources Inc produces paper and timber products in the Philippines. Its paper products include newsprint, which is used by publishing companies for newspaper production, as well as for book paper and office supplies and telephone directory paper.