GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Net Servicos De Comunicacao SA (BSP:NETC3) » Definitions » Return-on-Tangible-Equity

Net Servicos De Comunicacao (BSP:NETC3) Return-on-Tangible-Equity : 6.74% (As of Dec. 2013)


View and export this data going back to . Start your Free Trial

What is Net Servicos De Comunicacao 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. Net Servicos De Comunicacao's annualized net income for the quarter that ended in Dec. 2013 was R$177 Mil. Net Servicos De Comunicacao's average shareholder tangible equity for the quarter that ended in Dec. 2013 was R$2,618 Mil. Therefore, Net Servicos De Comunicacao's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2013 was 6.74%.

The historical rank and industry rank for Net Servicos De Comunicacao's Return-on-Tangible-Equity or its related term are showing as below:

BSP:NETC3's Return-on-Tangible-Equity is not ranked *
in the Media - Diversified industry.
Industry Median: 5.3
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Net Servicos De Comunicacao Return-on-Tangible-Equity Historical Data

The historical data trend for Net Servicos De Comunicacao'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.

Net Servicos De Comunicacao Return-on-Tangible-Equity Chart

Net Servicos De Comunicacao Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 114.05 26.56 24.34 20.29 6.74

Net Servicos De Comunicacao Semi-Annual Data
Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
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 114.05 26.56 24.34 20.29 6.74

Competitive Comparison of Net Servicos De Comunicacao's Return-on-Tangible-Equity

For the Broadcasting subindustry, Net Servicos De Comunicacao'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.


Net Servicos De Comunicacao's Return-on-Tangible-Equity Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Net Servicos De Comunicacao's Return-on-Tangible-Equity falls into.



Net Servicos De Comunicacao Return-on-Tangible-Equity Calculation

Net Servicos De Comunicacao's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2013 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=176.568/( (2142.235+3093.404 )/ 2 )
=176.568/2617.8195
=6.74 %

Net Servicos De Comunicacao's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2013 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2013 )  (Q: Dec. 2012 )(Q: Dec. 2013 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2013 )  (Q: Dec. 2012 )(Q: Dec. 2013 )
=176.568/( (2142.235+3093.404)/ 2 )
=176.568/2617.8195
=6.74 %

* 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 one times the annual (Dec. 2013) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Net Servicos De Comunicacao  (BSP:NETC3) 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.


Net Servicos De Comunicacao Return-on-Tangible-Equity Related Terms

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


Net Servicos De Comunicacao (BSP:NETC3) Business Description

Traded in Other Exchanges
N/A
Address
Net Servicos de Comunicacao SA through its holdings provides pay-television and pay-per-view programming, digital cable, high-definition cable television with digital video recorder, broadband Internet service & fixed line telephony service.

Net Servicos De Comunicacao (BSP:NETC3) Headlines

No Headlines