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Tribune Publishing Co (Tribune Publishing Co) ROE % : 40.39% (As of Mar. 2021)


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What is Tribune Publishing Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Tribune Publishing Co's annualized net income for the quarter that ended in Mar. 2021 was $108.1 Mil. Tribune Publishing Co's average Total Stockholders Equity over the quarter that ended in Mar. 2021 was $267.7 Mil. Therefore, Tribune Publishing Co's annualized ROE % for the quarter that ended in Mar. 2021 was 40.39%.

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

TPCO's ROE % is not ranked *
in the Media - Diversified industry.
Industry Median: 2.38
* Ranked among companies with meaningful ROE % only.

Tribune Publishing Co ROE % Historical Data

The historical data trend for Tribune Publishing Co'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.

Tribune Publishing Co ROE % Chart

Tribune Publishing Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROE %
Get a 7-Day Free Trial Premium Member Only 13.99 6.25 112.45 -9.30 -14.99

Tribune Publishing Co Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 -70.33 -1.05 11.34 0.44 40.39

Competitive Comparison of Tribune Publishing Co's ROE %

For the Publishing subindustry, Tribune Publishing Co'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.


Tribune Publishing Co's ROE % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Tribune Publishing Co's ROE % distribution charts can be found below:

* The bar in red indicates where Tribune Publishing Co's ROE % falls into.



Tribune Publishing Co ROE % Calculation

Tribune Publishing Co's annualized ROE % for the fiscal year that ended in Dec. 2020 is calculated as

ROE %=Net Income (A: Dec. 2020 )/( (Total Stockholders Equity (A: Dec. 2019 )+Total Stockholders Equity (A: Dec. 2020 ))/ count )
=-39.334/( (284.826+239.863)/ 2 )
=-39.334/262.3445
=-14.99 %

Tribune Publishing Co's annualized ROE % for the quarter that ended in Mar. 2021 is calculated as

ROE %=Net Income (Q: Mar. 2021 )/( (Total Stockholders Equity (Q: Dec. 2020 )+Total Stockholders Equity (Q: Mar. 2021 ))/ count )
=108.14/( (239.863+295.557)/ 2 )
=108.14/267.71
=40.39 %

* 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 (Mar. 2021) net income data. ROE % is displayed in the 30-year financial page.


Tribune Publishing Co  (NAS:TPCO) 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: Mar. 2021 )
=Net Income/Total Stockholders Equity
=108.14/267.71
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(108.14 / 694.216)*(694.216 / 541.1905)*(541.1905 / 267.71)
=Net Margin %*Asset Turnover*Equity Multiplier
=15.58 %*1.2828*2.0216
=ROA %*Equity Multiplier
=19.99 %*2.0216
=40.39 %

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: Mar. 2021 )
=Net Income/Total Stockholders Equity
=108.14/267.71
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (108.14 / 34.816) * (34.816 / 33.78) * (33.78 / 694.216) * (694.216 / 541.1905) * (541.1905 / 267.71)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 3.106 * 1.0307 * 4.87 % * 1.2828 * 2.0216
=40.39 %

Note: The net income data used here is four times the quarterly (Mar. 2021) net income data. The Revenue data used here is four times the quarterly (Mar. 2021) 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.


Tribune Publishing Co ROE % Related Terms

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


Tribune Publishing Co (Tribune Publishing Co) Business Description

Traded in Other Exchanges
N/A
Address
160 North Stetson Avenue, Chicago, IL, USA, 60601
Tribune Publishing Co is a print and online media company that publishes various newspapers and websites. It creates and distribute content across its media portfolio, offering integrated marketing, media, and business services to consumers and advertisers, including digital solutions and advertising opportunities. The company manages its business as two distinct segments, M and X. Segment M is comprised of the company's media groups excluding their digital revenues and related digital expenses, except digital subscription revenues when bundled with a print subscription. Segment X includes the company's digital revenues and related digital expenses from local Tribune websites, third party websites, mobile applications, digital only subscriptions, Tribune Content Agency and BestReviews.
Executives
Michael Norman Lavey officer: Interim CFO C/O TRONC, INC., 2501 S. STATE HWY 121 BUS, BLDG 800B, LEWISVILLE TX 75067
Randall D Smith director 885 THIRD AVENUE, NEW YORK NY 10022
Christopher Minnetian director C/O RIPPLEWOOD HOLDINGS L.L.C., ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10020
Philip G Franklin director C/O XA INVESTMENTS, 1290 BROADWAY STE 1100, DENVER CO 80203
Richard A Reck director 128 HILLCREST AVENUE HINSDALE IL 60521-4736
Carol Crenshaw director C/O TRONC, INC. 435 NORTH MICHIGAN AVENUE CHICAGO IL 60611
Dana Goldsmith Needleman director 777 SOUTH FLAGLER DRIVE,, SUITE 800W, WEST PALM BEACH FL 33401
Julie K. Xanders officer: EVP and General Counsel C/O TRONC, INC. 202 W. FIRST STREET LOS ANGELES CA 90012
Terry Jimenez officer: Chief Executive Officer TRONC, INC., 435 NORTH MICHIGAN AVENUE, CHICAGO IL 60611
Timothy P Knight officer: CEO & President 435 N MICHIGAN AVE CHICAGO IL 60611
Alden Global Capital Llc 10 percent owner 777 SOUTH FLAGLER DRIVE, SUITE 800W, WEST PALM BEACH FL 33401
Heath Freeman 10 percent owner 885 THIRD AVENUE, 34TH FLOOR, NEW YORK NY 10022
Merrick Media, Llc 10 percent owner 400 CLEMATIS STREET SUITE 208 WEST PALM BEACH FL 33401
Merrick Venture Management, Llc 10 percent owner 400 CLEMATIS ST SUITE 208 WEST PALM BEACH FL 33401
Ferro Michael W Jr 10 percent owner 400 CLEMATIS STREET SUITE 208 WEST PALM BEACH FL 33401

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