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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Vivint Smart Home's annualized net income for the quarter that ended in Dec. 2022 was $81 Mil. Vivint Smart Home's average Total Stockholders Equity over the quarter that ended in Dec. 2022 was $-1,721 Mil. Therefore, Vivint Smart Home's annualized ROE % for the quarter that ended in Dec. 2022 was Negative Equity%.
The historical rank and industry rank for Vivint Smart Home's ROE % or its related term are showing as below:
The historical data trend for Vivint Smart Home'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.
Vivint Smart Home Annual Data | |||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | ||||||
ROE % | - | - | - | - | - |
Vivint Smart Home Quarterly Data | |||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | |
ROE % | Get a 7-Day Free Trial | - | - | - | - | Negative Equity |
For the Security & Protection Services subindustry, Vivint Smart Home'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.
For the Business Services industry and Industrials sector, Vivint Smart Home's ROE % distribution charts can be found below:
* The bar in red indicates where Vivint Smart Home's ROE % falls into.
Vivint Smart Home's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as
ROE % | = | Net Income (A: Dec. 2022 ) | / | ( (Total Stockholders Equity (A: Dec. 2021 ) | + | Total Stockholders Equity (A: Dec. 2022 )) | / count ) |
= | -51.734 | / | ( (-1740.1 | + | -1702.344) | / 2 ) | |
= | -51.734 | / | -1721.222 | ||||
= | N/A % |
Vivint Smart Home's annualized ROE % for the quarter that ended in Dec. 2022 is calculated as
ROE % | = | Net Income (Q: Dec. 2022 ) | / | ( (Total Stockholders Equity (Q: Sep. 2022 ) | + | Total Stockholders Equity (Q: Dec. 2022 )) | / count ) |
= | 80.756 | / | ( (-1740.188 | + | -1702.344) | / 2 ) | |
= | 80.756 | / | -1721.266 | ||||
= | Negative 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 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. 2022) net income data. ROE % is displayed in the 30-year financial page.
* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.
Vivint Smart Home (NYSE:VVNT) 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. 2022 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 80.756 | / | -1721.266 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (80.756 / 1772.36) | * | (1772.36 / 2918.762) | * | (2918.762 / -1721.266) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 4.56 % | * | 0.6072 | * | N/A |
= | ROA % | * | Equity Multiplier | ||
= | 2.77 % | * | N/A | ||
= | Negative Equity % |
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. 2022 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | 80.756 | / | -1721.266 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (80.756 / 87.008) | * | (87.008 / 155.232) | * | (155.232 / 1772.36) | * | (1772.36 / 2918.762) | * | (2918.762 / -1721.266) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 0.9281 | * | 0.5605 | * | 8.76 % | * | 0.6072 | * | N/A |
= | Negative Equity % |
Note: The net income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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.
Thank you for viewing the detailed overview of Vivint Smart Home's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
313 Acquisition Llc | 10 percent owner | THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154 |
Blackstone Holdings Iii L.p. | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Rasesh M. Patel | officer: Chief Operating Officer | C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604 |
Dana C Russell | officer: Chief Financial Officer | 404 WYMAN STREET, SUITE 500, WALTHAM MA 02451 |
Michael J Staub | director | BLACKSTONE, INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Meads Garner B. Iii | officer: See Remarks | C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604 |
Daniel Garen | officer: See Remarks | 5677 AIRLINE ROAD, ARLINGTON TN 38002 |
Barbara Comstock | director | C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604 |
David Bywater | director, officer: Chief Executive Officer | 1850 WEST ASHTON BLVD, LEHI UT 84043 |
Todd R. Pedersen | director, officer: Chief Executive Officer | C/O VIVINT SOLAR, INC., 3301 N. THANKSGIVING WAY, SUITE 500, LEHI UT 84043 |
Todd M Santiago | officer: EVP, GM of Retail | C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604 |
Jung Taik Hwang | officer: Chief Technology Officer | C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604 |
Bcp Voyager Holdings Lp | 10 percent owner | C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Jeremy B Warren | officer: Chief Technology Officer | C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604 |
Matthew J Eyring | officer: EVP, GM of Inside Sales | C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604 |
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