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ClubCorp Holdings (ClubCorp Holdings) ROE % : 2.06% (As of Jun. 2017)


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What is ClubCorp Holdings ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. ClubCorp Holdings's annualized net income for the quarter that ended in Jun. 2017 was $3 Mil. ClubCorp Holdings's average Total Stockholders Equity over the quarter that ended in Jun. 2017 was $130 Mil. Therefore, ClubCorp Holdings's annualized ROE % for the quarter that ended in Jun. 2017 was 2.06%.

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

MYCC's ROE % is not ranked *
in the Travel & Leisure industry.
Industry Median: 5.99
* Ranked among companies with meaningful ROE % only.

ClubCorp Holdings ROE % Historical Data

The historical data trend for ClubCorp Holdings'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.

ClubCorp Holdings ROE % Chart

ClubCorp Holdings Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
ROE %
Get a 7-Day Free Trial -18.78 -22.74 6.05 -5.03 2.30

ClubCorp Holdings Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 14.58 3.11 14.10 -22.27 2.06

Competitive Comparison of ClubCorp Holdings's ROE %

For the Leisure subindustry, ClubCorp Holdings'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.


ClubCorp Holdings's ROE % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, ClubCorp Holdings's ROE % distribution charts can be found below:

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



ClubCorp Holdings ROE % Calculation

ClubCorp Holdings's annualized ROE % for the fiscal year that ended in Dec. 2016 is calculated as

ROE %=Net Income (A: Dec. 2016 )/( (Total Stockholders Equity (A: Dec. 2015 )+Total Stockholders Equity (A: Dec. 2016 ))/ count )
=3.577/( (168.364+142.37)/ 2 )
=3.577/155.367
=2.30 %

ClubCorp Holdings's annualized ROE % for the quarter that ended in Jun. 2017 is calculated as

ROE %=Net Income (Q: Jun. 2017 )/( (Total Stockholders Equity (Q: Mar. 2017 )+Total Stockholders Equity (Q: Jun. 2017 ))/ count )
=2.672/( (127.915+131.397)/ 2 )
=2.672/129.656
=2.06 %

* 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 (Jun. 2017) net income data. ROE % is displayed in the 30-year financial page.


ClubCorp Holdings  (NYSE:MYCC) 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: Jun. 2017 )
=Net Income/Total Stockholders Equity
=2.672/129.656
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2.672 / 1105.412)*(1105.412 / 2140.3115)*(2140.3115 / 129.656)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.24 %*0.5165*16.5076
=ROA %*Equity Multiplier
=0.12 %*16.5076
=2.06 %

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: Jun. 2017 )
=Net Income/Total Stockholders Equity
=2.672/129.656
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (2.672 / -2.832) * (-2.832 / 73.484) * (73.484 / 1105.412) * (1105.412 / 2140.3115) * (2140.3115 / 129.656)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= -0.9435 * -0.0385 * 6.65 % * 0.5165 * 16.5076
=2.06 %

Note: The net income data used here is four times the quarterly (Jun. 2017) net income data. The Revenue data used here is four times the quarterly (Jun. 2017) 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.


ClubCorp Holdings ROE % Related Terms

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


ClubCorp Holdings (ClubCorp Holdings) Business Description

Traded in Other Exchanges
N/A
Address
ClubCorp Holdings Inc is a membership-based leisure business and a leading owner-operator of private golf and country clubs and business, sports and alumni clubs in North America. Its operations are organized into two principal business segments, Golf and Country Clubs and Business, Sports and Alumni clubs. The golf and country clubs segment accounts for the majority of the total club revenue. The golf and country club segment includes a broad variety of clubs designed to appeal to a diverse group of individuals and families who lead an active lifestyle and seek a nearby outlet for golf, tennis, swimming and other activities.
Executives
Douglas H Brooks director
Jeff Lamb director C/O SOUTHWEST AIRLINES CO., 2702 LOVE FIELD DRIVE, DALLAS TX 75235
William E Sullivan director JONES LANG LASALLE INCORPORATED, 200 E RANDOLPH DR, CHICAGO IL 60601
Emanuel R Pearlman director 250 EAST 79TH STREET, NEW YORK NY 10075
John A Beckert director C/O A. H. BELO CORPORATION, P.O. BOX 224866, DALLAS TX 75222-4866
Eric Affeldt director, officer: CEO ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Louis J. Grabowsky director 6605 ABERDEEN, DALLAS TX 75230
Michael S Shannon director C/O KSL CAPITAL PARTNERS, 100 FILLMORE STREET, SUITE 600, DENVER CO 80206
Eric Charles Resnick director 100 FILLMORE STREET, SUITE 600, DENVER CO 80206
Martin J Newburger director 100 FILLMORE STREET, SUITE 600, DENVER CO 80206

ClubCorp Holdings (ClubCorp Holdings) Headlines

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