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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. Time Warner's annualized net income for the quarter that ended in Mar. 2018 was $6,572 Mil. Time Warner's average shareholder tangible equity for the quarter that ended in Mar. 2018 was $-6,269 Mil. Therefore, Time Warner's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2018 was Negative Tangible Equity%.
The historical rank and industry rank for Time Warner's Return-on-Tangible-Equity or its related term are showing as below:
The historical data trend for Time Warner'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.
Time Warner Annual Data | |||||||||||||||||||||
Trend | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity |
Time Warner Quarterly Data | ||||||||||||||||||||
Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity |
For the Broadcasting subindustry, Time Warner'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.
For the Media - Diversified industry and Communication Services sector, Time Warner's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Time Warner's Return-on-Tangible-Equity falls into.
Time Warner's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2017 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2017 ) | (A: Dec. 2016 ) | (A: Dec. 2017 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2017 ) | (A: Dec. 2016 ) | (A: Dec. 2017 ) | |||||
= | 5247 | / | ( (-11205 | + | -6992 ) | / 2 ) | |
= | 5247 | / | -9098.5 | ||||
= | Negative Tangible Equity % |
Time Warner's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2018 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2018 ) | (Q: Dec. 2017 ) | (Q: Mar. 2018 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2018 ) | (Q: Dec. 2017 ) | (Q: Mar. 2018 ) | |||||
= | 6572 | / | ( (-6992 | + | -5545) | / 2 ) | |
= | 6572 | / | -6268.5 | ||||
= | Negative Tangible Equity % |
* 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. 2018) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Time Warner (NYSE:TWX) 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.
Thank you for viewing the detailed overview of Time Warner's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Fred Hassan | director | C/O CARET GROUP,, 1100 HOLLAND DR., BOCA RATON FL 33487 |
Douglas Edward Horne | officer: SVP and Controller | ONE TIME WARNER CENTER, NEW YORK NY 10019 |
Gary L Ginsberg | officer: Executive Vice President | TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019 |
Olaf Olafsson | officer: Executive Vice President | C/O TIME WARNER INC. ONE TIME WARNER CENTER NEW YORK NY 10019 |
Paul Wachter | director | C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019 |
Robert C Clark | director | C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019 |
William P Barr | director | C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019 |
Howard M Averill | officer: EVP and CFO | CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103 |
Paul T Cappuccio | officer: EVP and General Counsel | TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019 |
Carlos M Gutierrez | director | 5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046 |
Carol A Melton | officer: Executive Vice President | 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815 |
Jessica P Einhorn | director | C/O BLACKROCK, INC., 55 EAST 52ND STREET, NEW YORK NY 10055 |
Mathias Dopfner | director | C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019 |
Deborah C Wright | director | CARVER BANCORP, INC, 75 W. 125TH STREET, NEW YORK NY 10027 |
James L Barksdale | director | C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019 |
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