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. CTC Media's annualized net income for the quarter that ended in Dec. 2015 was $-2,190.20 Mil. CTC Media's average shareholder tangible equity for the quarter that ended in Dec. 2015 was $282.06 Mil. Therefore, CTC Media's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2015 was -776.51%.
The historical rank and industry rank for CTC Media's Return-on-Tangible-Equity or its related term are showing as below:
CTCM's Return-on-Tangible-Equity is not ranked *
in the Media - Diversified industry.
Industry Median: 5.43 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
CTC Media Return-on-Tangible-Equity Historical Data
The historical data trend for CTC Media'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.
Competitive Comparison of CTC Media's Return-on-Tangible-Equity
For the Broadcasting subindustry, CTC Media'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.
CTC Media's Return-on-Tangible-Equity Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, CTC Media's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CTC Media's Return-on-Tangible-Equity falls into.
CTC Media Return-on-Tangible-Equity Calculation
CTC Media's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2015 is calculated as
* 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. 2015) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
CTC Media (NAS:CTCM) 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.
CTC Media Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of CTC Media's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
CTC Media Inc was incorporated in 1989 and commenced television operations in May 1994, initially broadcasting from its first owned-and-operated station in St. Petersburg to 22 cities across Russia as a superstation a single station that retransmits its signal to remote locations. In December 1996, the Company launched CTC, a national network broadcasting by satellite from its center in Moscow. The Company launched Domashny in March 2005 and acquired DTV in April 2008.Its TV channels are currently distributed by means of free-to-air terrestrial broadcasting in analog format. Its signals are broadcasted by the owned-and-operated stations and unmanned repeater transmitters according to local analog broadcast licenses and universal licenses for analog frequencies in the respective regions, as well as by its independent affiliate stations and local cable operators. In exchange for the right to broadcast its signal, the company allows its affiliates to broadcast local advertising during designated time windows, from which they derive revenues. At CTC's Domashny and DTV Networks it also pays fees to some independent affiliates of these networks for broadcasting the Domashny or DTV signal. The Company has four reportable segments: CTC Network, Domashny Network, Peretz Network, and Channel 31. The Company competes with other broadcasters and other forms of media for advertising spending, and with other broadcasters for audience share, programming rights, affiliate stations and broadcast frequencies in particular VHF frequencies in key markets. The Company has registered trademarks for the "CTC", "Domashny", "DTV" and "CTC Media" name and logo in the Russian Federation.
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