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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Gray Television's annualized net income for the quarter that ended in Jun. 2024 was $88 Mil. Gray Television's average shareholder tangible equity for the quarter that ended in Jun. 2024 was $-5,629 Mil. Therefore, Gray Television's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was Negative Tangible Equity%.
The historical rank and industry rank for Gray Television's Return-on-Tangible-Equity or its related term are showing as below:
The historical data trend for Gray Television's Return-on-Tangible-Equity 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.
Gray Television Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | - |
Gray Television Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | Negative Tangible Equity | - | - | Negative Tangible Equity | Negative Tangible Equity |
For the Broadcasting subindustry, Gray Television's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Media - Diversified industry and Communication Services sector, Gray Television's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Gray Television's Return-on-Tangible-Equity falls into.
Gray Television's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -76 | / | ( (-5864 | + | -5757 ) | / 2 ) | |
= | -76 | / | -5810.5 | ||||
= | N/A % |
Gray Television's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | 88 | / | ( (-5647 | + | -5610) | / 2 ) | |
= | 88 | / | -5628.5 | ||||
= | Negative Tangible 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 Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Gray Television (NYSE:GTN) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity 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 Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of Gray Television's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard Lee Boger | director | |
T L Elder | director | 5087 PINE BARK CIRCLE, DUNWOODY GA 30338 |
Robin Robinson Howell | director | 3656 TUXEDO ROAD NW, ATLANTA GA 30305 |
Howell Hilton H Jr | director, officer: Chairman, President & CEO | 4370 PEACHTREE ROAD, N.E., ATLANTA GA 30319 |
Sandra Breland Mcnamara | officer: Executive Vice President, COO | 4370 PEACHTREE ROAD, NE, ATLANTA GA 30319 |
Harriett J Robinson | director | |
Paul Mctear | director | 1451 WEST CYPRESS CREEK ROAD, SUITE 300, FORT LAUDERDALE FL 33309 |
D Patrick Laplatney | director | 1451 WEST CYPRUS CREEK ROAD, SUITE 300, FORT LAUDERDALE FL 33309 |
Cowart Jackson S Iv | officer: Chief Accounting Officer | 126 N WASHINGTON STREET, ALBANY GA 31701 |
James C Ryan | officer: EVP & Chief Financial Officer | |
Lorri Mcclain | director | 4370 PEACHTREE ROAD, NE, ATLANTA GA 30319 |
Robert Lawrence Smith | officer: SVP & COO | 4370 PEACHTREE ROAD NE, SUITE 400, ATLANTA GA 30319 |
Kevin Paul Latek | officer: EVP Chief L & D Officer | 4370 PEACHTREE ROAD, NE, ATLANTA GA 30319 |
Spainhour Sterling A Jr. | director | 4370 PEACHTREE ROAD, NE, ATLANTA GA 30319 |
Bankers Fidelity Life Insurance Co | 10 percent owner | 4370 PEACHTREE ROAD NE, ATLANTA GA 30319 |
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