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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Entravision Communications's annualized Net Income for the quarter that ended in Dec. 2023 was $-73 Mil. Entravision Communications's average total tangible assets for the quarter that ended in Dec. 2023 was $525 Mil. Therefore, Entravision Communications's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -13.86%.
The historical rank and industry rank for Entravision Communications's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Entravision Communications's highest Return-on-Tangible-Asset was 53.94%. The lowest was -5.80%. And the median was 4.91%.
The historical data trend for Entravision Communications's Return-on-Tangible-Asset 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.
Entravision Communications Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -5.80 | -1.02 | 6.30 | 3.51 | -2.93 |
Entravision Communications 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-Asset | Get a 7-Day Free Trial | -1.25 | 1.56 | -1.54 | 2.11 | -13.86 |
For the Advertising Agencies subindustry, Entravision Communications's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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, Entravision Communications's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Entravision Communications's Return-on-Tangible-Asset falls into.
Entravision Communications's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -15.437 | / | ( (524.586 | + | 528.316) | / 2 ) | |
= | -15.437 | / | 526.451 | ||||
= | -2.93 % |
Entravision Communications's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -72.832 | / | ( (522.304 | + | 528.316) | / 2 ) | |
= | -72.832 | / | 525.31 | ||||
= | -13.86 % |
* 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-Asset, the net income of the last fiscal year and the average total tangible assets 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.
Entravision Communications (NYSE:EVC) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Thank you for viewing the detailed overview of Entravision Communications's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael J Christenson | officer: Chief Executive Officer | C/O ENTRAVISION COMMUNICATIONS CORP, 2425 OLYMPIC BLVD, STE 6000W, SANTA MONICA CA 90404 |
Lara Sweet | director | C/O SNAP INC., 2772 DONALD DOUGLAS LOOP NORTH, SANTA MONICA CA 90405 |
Thomas Strickler | director | C/O ENTRAVISION COMMUNICATIONS CORP, 2425 OLYMPIC BLVD STE 6000W, SANTA MONICA CA 90404 |
Brad Bender | director | C/O ENTRAVISION COMMUNICATIONS CORP, STE 6000W, SANTA MONICA CA 90404 |
Christopher T Young | officer: President, Outdoor Division | |
Saldivar Von Wuthenau Juan | director | 2425 OLYMPIC BLVD., SUITE 6000W, SANTA MONICA CA 90404 |
Alexandra Seros | 10 percent owner | C/O ENTRAVISION COMMUNICATIONS CORP., 2425 OLYMPIC BLVD STE 6000 W, SANTA MONICA CA 90404 |
Seros Ulloa Family Trust Of 1996 | 10 percent owner | C/O ENTRAVISION COMMUNICATIONS CORP., 2425 OLYMPIC BLVD STE 6000 W, SANTA MONICA CA 90404 |
Paul A Zevnik | director | ZEVNIK HORTON LLP, 1299 PENNSYLVANIA AVE NW 960E, WASHINGTON DC 20004 |
Gilbert R Vasquez | director | 2425 OLYMPIC BLVD., SUITE 6000W, SANTA MONICA CA 90404 |
Jeffrey A Liberman | officer: President, Radio Division | ENTRAVISION COMMUNICATIONS CORP, 2425 OLYMPIC BLVD, SANTA MONICA CA 90404 |
Arnoldo Avalos | director | 2425 OLYMPIC BLVD., SUITE 6000 WEST, SANTA MONICA CA 90404 |
Fehmi Alexander Zeko | director | C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11 |
Karl Alonso Meyer | officer: Chief Revenue Officer | 2425 OLYMPIC BOULEVARD, SUITE 6000 WEST, SANTA MONICA CA 90404 |
Mario M. Carrera | officer: Chief Revenue Officer | 2425 OLYMPIC BLVD., SUITE 6000 WEST, SANTA MONICA CA 90404 |
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