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Take-Two Interactive Software (WBO:TTWO) ROE %

: -25.23% (As of Sep. 2023)
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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Take-Two Interactive Software's annualized net income for the quarter that ended in Sep. 2023 was €-2,037 Mil. Take-Two Interactive Software's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was €8,075 Mil. Therefore, Take-Two Interactive Software's annualized ROE % for the quarter that ended in Sep. 2023 was -25.23%.

The historical rank and industry rank for Take-Two Interactive Software's ROE % or its related term are showing as below:

WBO:TTWO' s ROE % Range Over the Past 10 Years
Min: -40.95   Med: 12.82   Max: 52.04
Current: -16.67

During the past 13 years, Take-Two Interactive Software's highest ROE % was 52.04%. The lowest was -40.95%. And the median was 12.82%.

WBO:TTWO's ROE % is ranked worse than
70.25% of 568 companies
in the Interactive Media industry
Industry Median: -0.17 vs WBO:TTWO: -16.67

Take-Two Interactive Software ROE % Historical Data

The historical data trend for Take-Two Interactive Software'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.

Take-Two Interactive Software Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.61 17.84 19.41 12.13 -17.65

Take-Two Interactive Software Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROE % 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 Premium Member Only Premium Member Only Premium Member Only -11.12 -6.25 -26.12 -9.11 -25.23

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Take-Two Interactive Software'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.


Take-Two Interactive Software ROE % Distribution

For the Interactive Media industry and Communication Services sector, Take-Two Interactive Software's ROE % distribution charts can be found below:

* The bar in red indicates where Take-Two Interactive Software's ROE % falls into.



Take-Two Interactive Software ROE % Calculation

Take-Two Interactive Software's annualized ROE % for the fiscal year that ended in Mar. 2023 is calculated as

ROE %=Net Income (A: Mar. 2023 )/( (Total Stockholders Equity (A: Mar. 2022 )+Total Stockholders Equity (A: Mar. 2023 ))/ count )
=-1050.47/( (3459.208+8445.695)/ 2 )
=-1050.47/5952.4515
=-17.65 %

Take-Two Interactive Software's annualized ROE % for the quarter that ended in Sep. 2023 is calculated as

ROE %=Net Income (Q: Sep. 2023 )/( (Total Stockholders Equity (Q: Jun. 2023 )+Total Stockholders Equity (Q: Sep. 2023 ))/ count )
=-2037.412/( (8251.805+7899.004)/ 2 )
=-2037.412/8075.4045
=-25.23 %

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


Take-Two Interactive Software  (WBO:TTWO) 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: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-2037.412/8075.4045
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2037.412 / 4869.4)*(4869.4 / 14289.593)*(14289.593 / 8075.4045)
=Net Margin %*Asset Turnover*Equity Multiplier
=-41.84 %*0.3408*1.7695
=ROA %*Equity Multiplier
=-14.26 %*1.7695
=-25.23 %

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: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-2037.412/8075.4045
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-2037.412 / -2162.596) * (-2162.596 / -1417.868) * (-1417.868 / 4869.4) * (4869.4 / 14289.593) * (14289.593 / 8075.4045)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9421 * 1.5252 * -29.12 % * 0.3408 * 1.7695
=-25.23 %

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


Take-Two Interactive Software ROE % Related Terms

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Take-Two Interactive Software (WBO:TTWO) Business Description

Traded in Other Exchanges
Address
110 West 44th Street, New York, NY, USA, 10036
Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom." Zynga mobile titles include "Farmville," "Empires & Puzzles," and "CSR Racing.".