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Aeroflot Russian Airlines PJSC (Aeroflot Russian Airlines PJSC) Return-on-Tangible-Equity : Negative Tangible Equity% (As of Dec. 2023)


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What is Aeroflot Russian Airlines PJSC 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. Aeroflot Russian Airlines PJSC's annualized net income for the quarter that ended in Dec. 2023 was $4,370.39 Mil. Aeroflot Russian Airlines PJSC's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $-1,495.99 Mil. Therefore, Aeroflot Russian Airlines PJSC's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was Negative Tangible Equity%.

The historical rank and industry rank for Aeroflot Russian Airlines PJSC's Return-on-Tangible-Equity or its related term are showing as below:

AERAY' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -83.44   Med: 7.94   Max: 99.32
Current: Negative Tangible Equity

During the past 13 years, Aeroflot Russian Airlines PJSC's highest Return-on-Tangible-Equity was 99.32%. The lowest was -83.44%. And the median was 7.94%.

AERAY's Return-on-Tangible-Equity is ranked better than
99.89% of 936 companies
in the Transportation industry
Industry Median: 9.73 vs AERAY: Negative Tangible Equity

Aeroflot Russian Airlines PJSC Return-on-Tangible-Equity Historical Data

The historical data trend for Aeroflot Russian Airlines PJSC'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.

Aeroflot Russian Airlines PJSC Return-on-Tangible-Equity Chart

Aeroflot Russian Airlines PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only Negative Tangible Equity - - - -

Aeroflot Russian Airlines PJSC Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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 - - - - Negative Tangible Equity

Competitive Comparison of Aeroflot Russian Airlines PJSC's Return-on-Tangible-Equity

For the Airlines subindustry, Aeroflot Russian Airlines PJSC'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.


Aeroflot Russian Airlines PJSC's Return-on-Tangible-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aeroflot Russian Airlines PJSC's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Aeroflot Russian Airlines PJSC's Return-on-Tangible-Equity falls into.



Aeroflot Russian Airlines PJSC Return-on-Tangible-Equity Calculation

Aeroflot Russian Airlines PJSC's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=-98.216/( (-1534.771+-1030.899 )/ 2 )
=-98.216/-1282.835
=N/A %

Aeroflot Russian Airlines PJSC's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=4370.388/( (-1961.078+-1030.899)/ 2 )
=4370.388/-1495.9885
=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 (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Aeroflot Russian Airlines PJSC  (OTCPK:AERAY) 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.


Aeroflot Russian Airlines PJSC Return-on-Tangible-Equity Related Terms

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Aeroflot Russian Airlines PJSC (Aeroflot Russian Airlines PJSC) Business Description

Traded in Other Exchanges
Address
1, Arbat Street, Moscow, RUS, 119019
Aeroflot Russian Airlines PJSC is Russia's largest airline group, and accounts for approximately one third of Russia's air-travel market. It provides scheduled and chartered flights. Passengers may buy tickets through websites, online booking systems, sales offices, and authorized agents. Domestic routes throughout Russia comprise the majority of total passengers. Additionally, it provides international routes to many different regions. The company's lone operating segment is passenger traffic. Outside of Russia, Europe books the next-highest number of passengers at around one fifth the total amount. The Russian Federation owns roughly half of the company.

Aeroflot Russian Airlines PJSC (Aeroflot Russian Airlines PJSC) Headlines

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