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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. Playtika Holding's annualized net income for the quarter that ended in Dec. 2023 was $149 Mil. Playtika Holding's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $-1,555 Mil. Therefore, Playtika Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was Negative Tangible Equity%.
The historical rank and industry rank for Playtika Holding's Return-on-Tangible-Equity or its related term are showing as below:
During the past 7 years, Playtika Holding's highest Return-on-Tangible-Equity was 360.73%. The lowest was 360.73%. And the median was 360.73%.
The historical data trend for Playtika Holding'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.
Playtika Holding Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity |
Playtika Holding Quarterly Data | ||||||||||||||||||||
Dec17 | Dec18 | 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 | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity |
For the Electronic Gaming & Multimedia subindustry, Playtika Holding'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.
For the Interactive Media industry and Communication Services sector, Playtika Holding's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Playtika Holding's Return-on-Tangible-Equity falls into.
Playtika Holding'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 ) | |||||
= | 235 | / | ( (-1733.8 | + | -1519.9 ) | / 2 ) | |
= | 235 | / | -1626.85 | ||||
= | Negative Tangible Equity % |
Playtika Holding'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 ) | |||||
= | 149.2 | / | ( (-1590.7 | + | -1519.9) | / 2 ) | |
= | 149.2 | / | -1555.3 | ||||
= | 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 (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Playtika Holding (NAS:PLTK) 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.
Thank you for viewing the detailed overview of Playtika Holding's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
On Chau | 10 percent owner | ROOM 2506, PACIFIC PLACE APARTMENTS, PACIFIC PLACE, 88 QUEENSWAY, CENTRAL, HONG KONG K3 00000 |
Sino Infinity Investments Ltd | 10 percent owner | SUITE 402, NAN FUNG TOWER, 88 CONNAUGHT ROAD CENTRAL, HONG KONG K3 00000 |
Fortune Bliss Ventures Ltd | 10 percent owner | SUITE 402, NAN FUNG TOWER, 88 CONNAUGHT ROAD CENTRAL, HONG KONG K3 00000 |
Hwa Por Chua | 10 percent owner | SUITE 402, NAN FUNG TOWER, 88 CONNAUGHT ROAD CENTRAL, HONG KONG K3 00000 |
Gili Brudno | officer: Chief Human Resources Officer | C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUACH L3 4672408 |
Dana Rebecca Gross | director | C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408 |
Playtika Holding Uk Ii Ltd | 10 percent owner | C/O GIANT INTERACTIVE GROUP INC., 988 ZHONGKAI ROAD, SONGJIANG DISTRICT, SHANGHAI F4 200160 |
Lu James Fu Bin | director | C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408 |
Hong Du | director | C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408 |
Eric Rapps | officer: Chief Strategy Officer | C/O PLAYTIKA LTD, HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408 |
Robert Antokol | director, officer: See Remarks | C/O PLAYTIKA LD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408 |
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