GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Cebu Air Inc (PHS:CEB) » Definitions » Return-on-Tangible-Equity

Cebu Air (PHS:CEB) Return-on-Tangible-Equity : -10.46% (As of Sep. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Cebu Air 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. Cebu Air's annualized net income for the quarter that ended in Sep. 2024 was ₱-693 Mil. Cebu Air's average shareholder tangible equity for the quarter that ended in Sep. 2024 was ₱6,625 Mil. Therefore, Cebu Air's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was -10.46%.

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

PHS:CEB' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -611   Med: 10.18   Max: 139.87
Current: 139.87

During the past 13 years, Cebu Air's highest Return-on-Tangible-Equity was 139.87%. The lowest was -611.00%. And the median was 10.18%.

PHS:CEB's Return-on-Tangible-Equity is ranked better than
93.36% of 934 companies
in the Transportation industry
Industry Median: 10.32 vs PHS:CEB: 139.87

Cebu Air Return-on-Tangible-Equity Historical Data

The historical data trend for Cebu Air'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.

Cebu Air Return-on-Tangible-Equity Chart

Cebu Air 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 22.21 -68.85 -165.15 -611.00 Negative Tangible Equity

Cebu Air Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 621.83 207.47 85.88 -10.46

Competitive Comparison of Cebu Air's Return-on-Tangible-Equity

For the Airlines subindustry, Cebu Air'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.


Cebu Air's Return-on-Tangible-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Cebu Air's Return-on-Tangible-Equity distribution charts can be found below:

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



Cebu Air Return-on-Tangible-Equity Calculation

Cebu Air'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 )
=7922.665/( (-4459.484+3203.719 )/ 2 )
=7922.665/-627.8825
=Negative Tangible Equity %

Cebu Air's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=-692.748/( (6728.013+6522.874)/ 2 )
=-692.748/6625.4435
=-10.46 %

* 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 (Sep. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Cebu Air  (PHS:CEB) 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.


Cebu Air Return-on-Tangible-Equity Related Terms

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


Cebu Air Business Description

Traded in Other Exchanges
Address
Sergio Osmena Boulevard, Basement 2, R 01-02, Robinsons Galleria Cebu, Barangay Tejero, General Maxilom Avenue corner, Cebu, CEB, PHL, 6000
Cebu Air Inc is a carrier in the Philippine air transportation industry. It has two reportable operating segments, which are the airline business (Parent Company and CEBGO) and the line and light maintenance business (A-Plus). The revenue of the operating segments was mainly derived from rendering transportation services and line and light maintenance services. The Airline Group has a network of distributors in the Philippines selling its domestic and international air services within an agreed territory or geographical coverage. Geographically, it operates in the Philippines, Asia (excluding the Philippines), Europe, and other regions, out of which the majority of the revenue is generated from the Philippines.

Cebu Air Headlines

From GuruFocus

Meridian Funds Comments on CEB Inc.

By Holly LaFon Holly LaFon 05-18-2017

Lessons We Have Learned

By Thomas Macpherson tmacpherson1966 11-30-2014

Meridian Growth Fund 1Q 2017 Commentary

By Holly LaFon Holly LaFon 05-18-2017