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Perion Network (Perion Network) Return-on-Tangible-Equity : 38.59% (As of Dec. 2023)


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What is Perion Network 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. Perion Network's annualized net income for the quarter that ended in Dec. 2023 was $157.6 Mil. Perion Network's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $408.4 Mil. Therefore, Perion Network's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 38.59%.

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

PERI' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 30.64   Med: 46.29   Max: 149.98
Current: 30.64

During the past 13 years, Perion Network's highest Return-on-Tangible-Equity was 149.98%. The lowest was 30.64%. And the median was 46.29%.

PERI's Return-on-Tangible-Equity is ranked better than
81.15% of 504 companies
in the Interactive Media industry
Industry Median: 3.42 vs PERI: 30.64

Perion Network Return-on-Tangible-Equity Historical Data

The historical data trend for Perion Network'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.

Perion Network Return-on-Tangible-Equity Chart

Perion Network Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.78 46.29 33.89 35.63 32.73

Perion Network Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 49.52 27.03 22.43 31.62 38.59

Competitive Comparison of Perion Network's Return-on-Tangible-Equity

For the Internet Content & Information subindustry, Perion Network'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.


Perion Network's Return-on-Tangible-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Perion Network's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Perion Network's Return-on-Tangible-Equity falls into.



Perion Network Return-on-Tangible-Equity Calculation

Perion Network'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 )
=117.413/( (335.943+381.52 )/ 2 )
=117.413/358.7315
=32.73 %

Perion Network's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=157.604/( (435.225+381.52)/ 2 )
=157.604/408.3725
=38.59 %

* 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 (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Perion Network  (NAS:PERI) 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.


Perion Network Return-on-Tangible-Equity Related Terms

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


Perion Network (Perion Network) Business Description

Traded in Other Exchanges
Address
26 HaRokmim Street, Holon, ISR, 5885849
Perion Network Ltd is a technology company. It offers online advertising and searching solutions to brands, agencies, and publishers through desktop, mobile and social channels. Its products and services include Undertone, Codefuel, Make me reach, and Smilebox. The company earns prime revenue from search fees and online advertising services. It operates in the business segment of High Impact Advertising solutions. Geographically, the group has a business presence in North America, Europe, and Other countries of which a majority of the revenue is derived from North America.
Executives
Longview Fund Lp 10 percent owner VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402

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