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Regal Entertainment Group Return-on-Tangible-Equity

: Negative Tangible Equity% (As of Dec. 2017)
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Return on tangible equity is calculated as Net Income attributable to Common Stockholders divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Regal Entertainment Group's annualized net income attributable to common stockholders for the quarter that ended in Dec. 2017 was $116 Mil. Regal Entertainment Group's average shareholder tangible equity for the quarter that ended in Dec. 2017 was $-1,246 Mil. Therefore, Regal Entertainment Group's annualized return on tangible equity (ROTE) for the quarter that ended in Dec. 2017 was Negative Tangible Equity%.


Regal Entertainment Group Return-on-Tangible-Equity Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Regal Entertainment Group Annual Data

Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Return-on-Tangible-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Regal Entertainment Group Quarterly Data

Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
Return-on-Tangible-Equity 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 Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Competitive Comparison
* 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.


Regal Entertainment Group Return-on-Tangible-Equity Distribution

* The bar in red indicates where Regal Entertainment Group's Return-on-Tangible-Equity falls into.



Regal Entertainment Group Return-on-Tangible-Equity Calculation

Regal Entertainment Group's annualized Return on Tangible Equity (ROTE) for the fiscal year that ended in Dec. 2017 is calculated as

ROTE=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ 2 )
(A: Dec. 2017 )  (A: Dec. 2016 )(A: Dec. 2017 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ 2 )
(A: Dec. 2017 )  (A: Dec. 2016 )(A: Dec. 2017 )
=112.3/( (-1212.1+-1245.3 )/ 2 )
=112.3/-1228.7
=Negative Tangible Equity %

Regal Entertainment Group's annualized Return on Tangible Equity (ROTE) for the quarter that ended in Dec. 2017 is calculated as

ROTE=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ 2 )
(Q: Dec. 2017 )  (Q: Sep. 2017 )(Q: Dec. 2017 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ 2 )
(Q: Dec. 2017 )  (Q: Sep. 2017 )(Q: Dec. 2017 )
=115.6/( (-1245.7+-1245.3)/ 2 )
=115.6/-1245.5
=Negative Tangible Equity %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

In the calculation of annual return on tangible equity, the net income attributable to common stockholders 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 attributable to common stockholders data used here is four times the quarterly (Dec. 2017) net income attributable to common stockholders data. Return on Equity is displayed in the 10-year financial page.


Regal Entertainment Group  (NYSE:RGC) Return-on-Tangible-Equity Explanation

Return on Tangible Equity (ROTE) 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). ROTE shows how well a company uses investment funds to generate earnings growth. ROTEs between 15% and 20% are considered desirable.


Be Aware

Net income attributable to common stockholders 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 ROTE companies. Like Return-on-Tangible-Asset, ROTE 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 ROTEs can be extremely high.


Regal Entertainment Group Return-on-Tangible-Equity Explanation


Regal Entertainment Group Return-on-Tangible-Equity Headlines

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