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PhoneX Holdings (PhoneX Holdings) ROE % : -419.43% (As of Dec. 2018)


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What is PhoneX Holdings ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. PhoneX Holdings's annualized net income for the quarter that ended in Dec. 2018 was $-3.32 Mil. PhoneX Holdings's average Total Stockholders Equity over the quarter that ended in Dec. 2018 was $0.79 Mil. Therefore, PhoneX Holdings's annualized ROE % for the quarter that ended in Dec. 2018 was -419.43%.

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

PXHI's ROE % is not ranked *
in the Retail - Cyclical industry.
Industry Median: 5.66
* Ranked among companies with meaningful ROE % only.

PhoneX Holdings ROE % Historical Data

The historical data trend for PhoneX Holdings'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.

PhoneX Holdings ROE % Chart

PhoneX Holdings Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -765.95 -31.79 -27.81 -140.67 -180.91

PhoneX Holdings Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 -510.01 -261.53 -192.61 -137.31 -419.43

Competitive Comparison of PhoneX Holdings's ROE %

For the Internet Retail subindustry, PhoneX Holdings'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.


PhoneX Holdings's ROE % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PhoneX Holdings's ROE % distribution charts can be found below:

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



PhoneX Holdings ROE % Calculation

PhoneX Holdings's annualized ROE % for the fiscal year that ended in Dec. 2018 is calculated as

ROE %=Net Income (A: Dec. 2018 )/( (Total Stockholders Equity (A: Dec. 2017 )+Total Stockholders Equity (A: Dec. 2018 ))/ count )
=-4.671/( (4.784+0.38)/ 2 )
=-4.671/2.582
=-180.91 %

PhoneX Holdings's annualized ROE % for the quarter that ended in Dec. 2018 is calculated as

ROE %=Net Income (Q: Dec. 2018 )/( (Total Stockholders Equity (Q: Sep. 2018 )+Total Stockholders Equity (Q: Dec. 2018 ))/ count )
=-3.324/( (1.205+0.38)/ 2 )
=-3.324/0.7925
=-419.43 %

* 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. 2018) net income data. ROE % is displayed in the 30-year financial page.


PhoneX Holdings  (OTCPK:PXHI) 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. 2018 )
=Net Income/Total Stockholders Equity
=-3.324/0.7925
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.324 / 68.424)*(68.424 / 10.181)*(10.181 / 0.7925)
=Net Margin %*Asset Turnover*Equity Multiplier
=-4.86 %*6.7208*12.8467
=ROA %*Equity Multiplier
=-32.66 %*12.8467
=-419.43 %

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. 2018 )
=Net Income/Total Stockholders Equity
=-3.324/0.7925
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-3.324 / -3.324) * (-3.324 / -2.392) * (-2.392 / 68.424) * (68.424 / 10.181) * (10.181 / 0.7925)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 1.3896 * -3.5 % * 6.7208 * 12.8467
=-419.43 %

Note: The net income data used here is four times the quarterly (Dec. 2018) net income data. The Revenue data used here is four times the quarterly (Dec. 2018) 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.


PhoneX Holdings ROE % Related Terms

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


PhoneX Holdings (PhoneX Holdings) Business Description

Traded in Other Exchanges
N/A
Address
150 Executive Dr, Suite Q, Edgewood, NY, USA, 11717
PhoneX Holdings Inc is a technology-based company engaged in creating an online marketplace for used smartphones. It operates through an e-commerce website-based service and a wholly-owned subsidiary. The web portal includes saleable items such as iPhones, iPods, tablets and other electronic devices. It derives revenue either by taking possession of devices and selling these devices for a premium or by facilitating transactions between buyers and sellers and collecting a commission.
Executives
Piton Capital Partners Llc 10 percent owner C/O NORTH BAY ASSOCIATES, 14000 QUAIL SPRINGS PARKWAY, SUITE 2200, OKLAHOMA CITY OK 73134
Daniel Brauser director 171 MADISON AVENUE, 17TH FLOOR, NEW YORK NY 10016
Leslie J Schreyer 10 percent owner C/O NORTON ROSE FULBRIGHT US LLP, 1301 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Cornice Fiduciary Management Llc 10 percent owner C/O WILLOW STREET GROUP, LLC, 270 W. PEARL AVENUE, SUITE 104, JACKSON WY 83001
Peter Benz director 171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Grant Fitzwilliam director 171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Robert M Averick 10 percent owner KOKINO LLC, 201 TRESSER BOULEVARD, 3RD FLOOR, STAMFORD CT 06901
Perlus Microcap Fund L.p. 10 percent owner CRICKET SQUARE, HUTCHINS DRIVE, P.O. BOX 268, GRAND CAYMAN E9 KY1-1111
Michael Brauser director, 10 percent owner 4400 BISCAYNE BLVD., SUITE 850, MIAMI FL 33137
M3c Holdings Llc 10 percent owner C/O NORTH BAY ASSOCIATES, 14000 QUAIL SPRINGS PARKWAY, OKLAHOMA CITY OK 73134
Charles Pearlman director 1 EAST BROWARD BLVD., FORT LAUDERDALE FL 33301
Todd Oretsky 10 percent owner, other: See Remarks 330 SW 2ND STREET, SUITE 209, FORT LAUDERDALE FL 33312