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Brightcove (Brightcove) ROE % : -10.80% (As of Dec. 2023)


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What is Brightcove ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Brightcove's annualized net income for the quarter that ended in Dec. 2023 was $-10.1 Mil. Brightcove's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $93.1 Mil. Therefore, Brightcove's annualized ROE % for the quarter that ended in Dec. 2023 was -10.80%.

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

BCOV' s ROE % Range Over the Past 10 Years
Min: -30.27   Med: -16.6   Max: 6.14
Current: -24.12

During the past 13 years, Brightcove's highest ROE % was 6.14%. The lowest was -30.27%. And the median was -16.60%.

BCOV's ROE % is ranked worse than
78.07% of 2640 companies
in the Software industry
Industry Median: 3.145 vs BCOV: -24.12

Brightcove ROE % Historical Data

The historical data trend for Brightcove'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.

Brightcove ROE % Chart

Brightcove Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -30.27 -7.56 6.14 -9.08 -23.32

Brightcove Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -20.99 -47.66 -26.84 -10.53 -10.80

Competitive Comparison of Brightcove's ROE %

For the Software - Application subindustry, Brightcove'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.


Brightcove's ROE % Distribution in the Software Industry

For the Software industry and Technology sector, Brightcove's ROE % distribution charts can be found below:

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



Brightcove ROE % Calculation

Brightcove's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-22.886/( (102.347+93.913)/ 2 )
=-22.886/98.13
=-23.32 %

Brightcove's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=-10.056/( (92.302+93.913)/ 2 )
=-10.056/93.1075
=-10.80 %

* 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. 2023) net income data. ROE % is displayed in the 30-year financial page.


Brightcove  (NAS:BCOV) 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. 2023 )
=Net Income/Total Stockholders Equity
=-10.056/93.1075
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-10.056 / 200.624)*(200.624 / 215.126)*(215.126 / 93.1075)
=Net Margin %*Asset Turnover*Equity Multiplier
=-5.01 %*0.9326*2.3105
=ROA %*Equity Multiplier
=-4.67 %*2.3105
=-10.80 %

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. 2023 )
=Net Income/Total Stockholders Equity
=-10.056/93.1075
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-10.056 / -9.412) * (-9.412 / -9.056) * (-9.056 / 200.624) * (200.624 / 215.126) * (215.126 / 93.1075)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0684 * 1.0393 * -4.51 % * 0.9326 * 2.3105
=-10.80 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.


Brightcove ROE % Related Terms

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


Brightcove (Brightcove) Business Description

Traded in Other Exchanges
Address
281 Summer Street, Boston, MA, USA, 02210
Brightcove Inc is a provider of cloud-based services for the video ecosystem. The firm targets its solutions at media companies, broadcasters, publishers, and corporations. Brightcove Video Cloud is the firm's flagship product, enabling customers to publish and distribute video to Internet-connected devices. Video Cloud generates a significant portion of the firm's revenue through a subscription-based software-as-a-service model. Other products include Zencoder, a cloud-based video encoding service. It generates a large majority of its revenue in North America and Asia.
Executives
Marc Debevoise director, officer: Chief Executive Officer LIMELIGHT NETWORKS, 222 SOUTH MILL AVENUE, #800, TEMPE AZ 85281
Edenbrook Capital, Llc 10 percent owner 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Kristin E. Frank director C/O GAIAM, INC., 833 WEST SOUTH BOULDER ROAD, LOUISVILLE CO 80027
Ritcha Ranjan director BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Scott Kurnit director
Diane Hessan director 2 BATTERY WHARF, #2510, BOSTON MA 02109
Thomas E Wheeler director 1250 CONNECTICUT AVE NW, CELLULAR TELECOMMUNICATIONS& INTERNET, WASHINGTON DC 20036
Jeff Ray director, officer: Chief Executive Officer C/O BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Jonathan Brolin 10 percent owner 2 DEPOT PLAZA, 4TH FLOOR, BEDFORD HILLS NY 10507
David Plotkin officer: General Counsel, SVP BRIGHTCOVE INC., 390 CONGRESS STEET, BOSTON MA 02210
Tsedal Neeley director BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Deborah M. Besemer director 257 TURNPIKE ROAD, SUITE 210, SOUTHBOROUGH MA 01772
Robert Noreck officer: Chief Financial Officer C/O BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Chet Kapoor director BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Christopher Stagno officer: PAO, VP, Corporate Controller C/O BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02110