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Tribune Media Co (Tribune Media Co) Return-on-Tangible-Equity : Negative Tangible Equity% (As of Jun. 2019)


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What is Tribune Media Co Return-on-Tangible-Equity?

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. Tribune Media Co's annualized net income for the quarter that ended in Jun. 2019 was $255 Mil. Tribune Media Co's average shareholder tangible equity for the quarter that ended in Jun. 2019 was $-1,052 Mil. Therefore, Tribune Media Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2019 was Negative Tangible Equity%.

The historical rank and industry rank for Tribune Media Co's Return-on-Tangible-Equity or its related term are showing as below:

TRCO's Return-on-Tangible-Equity is not ranked *
in the Media - Diversified industry.
Industry Median: 5.445
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Tribune Media Co Return-on-Tangible-Equity Historical Data

The historical data trend for Tribune Media Co'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.

* Premium members only.

Tribune Media Co Return-on-Tangible-Equity Chart

Tribune Media Co Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only Negative Tangible Equity - Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Tribune Media Co Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
Return-on-Tangible-Equity 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 Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Competitive Comparison of Tribune Media Co's Return-on-Tangible-Equity

For the Broadcasting subindustry, Tribune Media Co'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.


Tribune Media Co's Return-on-Tangible-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Tribune Media Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Tribune Media Co's Return-on-Tangible-Equity falls into.



Tribune Media Co Return-on-Tangible-Equity Calculation

Tribune Media Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2018 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2018 )  (A: Dec. 2017 )(A: Dec. 2018 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2018 )  (A: Dec. 2017 )(A: Dec. 2018 )
=412.571/( (-1759.2+-1249.025 )/ 2 )
=412.571/-1504.1125
=Negative Tangible Equity %

Tribune Media Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2019 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2019 )  (Q: Mar. 2019 )(Q: Jun. 2019 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2019 )  (Q: Mar. 2019 )(Q: Jun. 2019 )
=254.628/( (-1095.737+-1008.094)/ 2 )
=254.628/-1051.9155
=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. 2019) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Tribune Media Co  (NYSE:TRCO) 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.


Tribune Media Co Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Tribune Media Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Tribune Media Co (Tribune Media Co) Business Description

Traded in Other Exchanges
N/A
Address
515 North State Street, Chicago, IL, USA, 60654
Tribune is one of the country's largest media companies. It reaches more than 80% of U.S. households and is the only media organization with newspapers, TV stations, and Web sites in the nation's top three markets. Tribune's newspapers include the Los Angeles Times, Chicago Tribune, and Newsday. Its broadcasting group operates more than 20 television stations, superstation WGN on national cable, an AM radio station, and the Chicago Cubs baseball team.
Executives
Peter M Kern director, officer: CEO C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Ross Levinsohn director 701 FIRST AVENUE, SUNNYVALE CA 94089
Peter E Murphy director ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Craig A Jacobson director C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Edward P Lazarus officer: EVP, General Counsel & CSO C/O TRIBUNE COMPANY, 435 NORTH MICHIGAN AVENUE, CHICAGO IL 60611
Oaktree Capital Group Holdings Gp, Llc other: Former director and 10% owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Group Holdings, L.p. other: Former director and 10% owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Tribune, L.p. other: Former director and 10% owner C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 S. GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071
Oaktree Aif Investments, L.p. other: Former director and 10% owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Aif Investment Gp, Llc other: Former director and 10% owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Peter Liguori director, officer: President and CEO 1 DISCOVERY PLACE, SILVER SPRING MD 20910
Melanie Hughes officer: EVP, Human Resources 7 WORLD TRADE CENTER, 250 GREENWICH STREET, NEW YORK NY 10007
Steven Berns officer: EVP & CFO TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Kenneth Liang director C/O 77 BEALE ST., SAN FRANCISCO CA 94177
Bruce A Karsh director C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071