Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Selected Financial Data since 2006
- Net Profit Margin since 2006
- Price to Earnings (P/E) since 2006
- Aggregate Accruals
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Profitability Ratios (Summary)
Time Warner Cable Inc., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
- Gross Profit Margin
- The gross profit margin is reported starting from March 31, 2012. It initially stands at approximately 53.56% and remains relatively stable through the end of 2012. Beginning in the first quarter of 2013, a marked improvement is observed, with the margin rising consistently, peaking in early 2014 at over 77%. Following this peak, a gradual decline is evident through 2015 and into the first quarter of 2016, though the margin stays above 75%, indicating sustained strong profitability at the gross level.
- Operating Profit Margin
- The operating profit margin remains fairly stable around 20.6% throughout 2012. In 2013, this margin shows only minor fluctuations and does not follow the increasing trend seen in the gross profit margin during the same period. From late 2014 onwards, a gradual decline is noted, with the margin falling from approximately 20.7% to 17.8% by March 2016. This suggests tighter operating efficiency or increased operating costs impacting profitability at this stage.
- Net Profit Margin
- The net profit margin demonstrates moderate variability but generally maintains a level between 8.0% and 10.5%. It rises from 8.46% in early 2012 to a peak of 10.56% by the end of that year, then sharply drops to around 8.7%-9.1% during 2013 and 2014. From 2015 onwards, there is a clear downward trajectory, reaching approximately 7.8% by March 2016. This pattern mirrors the operating margin trend, suggesting pressures on overall net profitability possibly due to non-operating expenses or changes in tax or interest obligations.
- Return on Equity (ROE)
- The return on equity displays a significant upward trend initially, increasing from 22.11% in early 2012 to a high near 32.8% by late 2013. Afterward, ROE declines steadily through 2014 and 2015, stabilizing near 20% in early 2016. This decrease may reflect changes in net income relative to equity or variations in leverage, indicating reduced return for shareholders over time following an earlier strong performance.
- Return on Assets (ROA)
- Return on assets rises from around 3.45% in early 2012 to a peak of 4.48% by late 2013. After hitting this peak, it declines somewhat, fluctuating slightly around the low 4% range through 2014 and 2015, and further decreases to approximately 3.74% by late 2015 before a marginal recovery to 3.78% early in 2016. This suggests a moderate contraction in asset profitability, potentially accompanying the declines noted in profit margins and ROE.
Return on Sales
Return on Investment
Gross Profit Margin
Time Warner Cable Inc., gross profit margin calculation (quarterly data)
| Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Gross profit | ||||||||||||||||||||||||||||
| Revenue | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Gross profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | ||||||||||||||||||||||||||||
| Comcast Corp. | ||||||||||||||||||||||||||||
| Meta Platforms Inc. | ||||||||||||||||||||||||||||
| Netflix Inc. | ||||||||||||||||||||||||||||
| Take-Two Interactive Software Inc. | ||||||||||||||||||||||||||||
| Walt Disney Co. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
1 Q1 2016 Calculation
Gross profit margin = 100
× (Gross profitQ1 2016
+ Gross profitQ4 2015
+ Gross profitQ3 2015
+ Gross profitQ2 2015)
÷ (RevenueQ1 2016
+ RevenueQ4 2015
+ RevenueQ3 2015
+ RevenueQ2 2015)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data exhibits several notable trends over the observed quarters. Revenue shows a gradual but consistent upward trajectory from March 31, 2011, through March 31, 2016. Beginning at approximately $4,827 million, revenue increases steadily each quarter, reaching over $6,191 million by the end of the period. This indicates a positive growth pattern in the company’s sales or service income over time.
Gross profit also follows a similar upward trend, rising from about $2,555 million in early 2011 to roughly $4,640 million in the first quarter of 2016. The profit figures show some fluctuations quarter-to-quarter but generally increase consistently across the period, reflecting effective cost management or improved margins on revenues.
The gross profit margin percentage provides significant insight into operational efficiency and cost control. While the margin data is missing during the early periods, from the quarter ending March 31, 2012, the gross profit margin remains robust and generally increasing. It starts at approximately 53.56% and rises markedly over the quarters, peaking around 77.62% toward the end of 2013. Following this peak, the margin stabilizes slightly below 77% but maintains a high level, around 75%, through to March 31, 2016, suggesting sustained profitability and efficient management of production or service delivery costs relative to revenue.
Overall, the company demonstrates strong growth in both revenue and gross profit, accompanied by a significant and sustained improvement in gross profit margins. This combination of increasing sales and improving profitability ratios suggests improved operational effectiveness or possible changes in business strategy that enhance profit generation capabilities.
- Revenue
- Consistent growth from $4,827 million to $6,191 million over five years.
- Gross Profit
- Increased from $2,555 million to $4,640 million, showing strengthened profitability.
- Gross Profit Margin
- Improved significantly from approximately 53.56% to about 75%, reflecting enhanced operational efficiency and cost control.
Operating Profit Margin
Time Warner Cable Inc., operating profit margin calculation (quarterly data)
| Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Operating income | ||||||||||||||||||||||||||||
| Revenue | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Operating profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | ||||||||||||||||||||||||||||
| Comcast Corp. | ||||||||||||||||||||||||||||
| Meta Platforms Inc. | ||||||||||||||||||||||||||||
| Netflix Inc. | ||||||||||||||||||||||||||||
| Take-Two Interactive Software Inc. | ||||||||||||||||||||||||||||
| Walt Disney Co. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
1 Q1 2016 Calculation
Operating profit margin = 100
× (Operating incomeQ1 2016
+ Operating incomeQ4 2015
+ Operating incomeQ3 2015
+ Operating incomeQ2 2015)
÷ (RevenueQ1 2016
+ RevenueQ4 2015
+ RevenueQ3 2015
+ RevenueQ2 2015)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Revenue Trend
- The revenue showed a consistent upward trend from March 31, 2011, through March 31, 2016. It increased from approximately $4.8 billion to about $6.2 billion over this period. The growth was steady with no significant declines, indicating overall expansion in business activity. Notably, revenue rose gradually each fiscal year with minor fluctuations in quarterly figures.
- Operating Income Trend
- Operating income exhibited variability but generally followed an upward trajectory from March 31, 2011, to March 31, 2016. Starting at $975 million, it showed periodic increases and some declines. Despite these fluctuations, the overall movement was positive, closing at $1,145 million. Peaks were observed around mid-year quarters, suggesting possible seasonal effects.
- Operating Profit Margin Analysis
- The operating profit margin, beginning with data available from March 31, 2012, remained relatively stable initially, fluctuating narrowly around the 20-21% range until approximately mid-2014. Thereafter, a gradual decline was observed in the margin, falling from roughly 20.7% to below 18% by March 31, 2016. This suggests increased costs or pricing pressures, affecting profitability despite revenue growth.
- Comprehensive Insights
- The company demonstrated revenue growth across the five-year span, which indicates effective market expansion or successful sales efforts. However, the operating profit margin’s steady decline in later years implies margin compression, potentially due to rising operational expenses or intensified competition. Although operating income generally increased, the diminishing margin warns of challenges in cost control or pricing strategy that could impact future profitability if the trend continues.
Net Profit Margin
Time Warner Cable Inc., net profit margin calculation (quarterly data)
| Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income attributable to TWC shareholders | ||||||||||||||||||||||||||||
| Revenue | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Net profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | ||||||||||||||||||||||||||||
| Comcast Corp. | ||||||||||||||||||||||||||||
| Meta Platforms Inc. | ||||||||||||||||||||||||||||
| Netflix Inc. | ||||||||||||||||||||||||||||
| Take-Two Interactive Software Inc. | ||||||||||||||||||||||||||||
| Walt Disney Co. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
1 Q1 2016 Calculation
Net profit margin = 100
× (Net income attributable to TWC shareholdersQ1 2016
+ Net income attributable to TWC shareholdersQ4 2015
+ Net income attributable to TWC shareholdersQ3 2015
+ Net income attributable to TWC shareholdersQ2 2015)
÷ (RevenueQ1 2016
+ RevenueQ4 2015
+ RevenueQ3 2015
+ RevenueQ2 2015)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data reveals several observable trends over the reported quarterly periods.
- Net Income Attributable to Shareholders
- The net income figures fluctuate across quarters, exhibiting a general pattern of moderate variability. Early 2011 shows net income ranging between 325 and 564 million USD, peaking notably in the fourth quarter of 2011 at 564 million USD. Subsequent years present less pronounced peaks with net income stabilizing around the 400 to 550 million USD range. Noteworthy is the surge in the third quarter of 2012 reaching 808 million USD, which stands out as an outlier relative to neighboring quarters. The later periods, from 2013 to the first quarter of 2016, reflect a relatively stable net income with only minor fluctuations, typically oscillating near the mid-400 million USD level.
- Revenue
- Revenues demonstrate a clear upward trend throughout the entire timeline. Starting from 4,827 million USD in the first quarter of 2011, revenues generally increase with periodic slight decreases or plateaus. By the first quarter of 2016, revenue reaches 6,191 million USD, indicating steady growth over the five-year span. Occasional slowdowns are observed, such as minor declines or flat performance in specific quarters (for example, a slight decrease from June to September in 2012 and 2013), but the overall trajectory remains positive.
- Net Profit Margin
- The net profit margin data, starting from the fourth quarter of 2011, illustrate a gradual downward trend. Beginning around 8.46% in late 2011, the margin increases to a peak of approximately 10.56% in the third quarter of 2012 before entering a subtle decline. From 2013 onward, the margin stabilizes closer to the 8.5% to 9.1% range, eventually decreasing to around 7.8% by the first quarter of 2016. This reflects a mild compression in profitability relative to revenue, despite increasing absolute income levels.
In summary, the company experiences consistent revenue growth over the analyzed period, which is accompanied by relatively stable net income levels with some quarter-to-quarter volatility. The net profit margin showcases a peak mid-period but trends downward gradually, suggesting increasing costs or other factors impacting profit efficiency despite rising revenues. This combination points to a growing top line with pressures on profit margins that warrant further investigation to understand the underlying cost dynamics.
Return on Equity (ROE)
Time Warner Cable Inc., ROE calculation (quarterly data)
| Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income attributable to TWC shareholders | ||||||||||||||||||||||||||||
| Total TWC shareholders’ equity | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROE1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | ||||||||||||||||||||||||||||
| Comcast Corp. | ||||||||||||||||||||||||||||
| Meta Platforms Inc. | ||||||||||||||||||||||||||||
| Netflix Inc. | ||||||||||||||||||||||||||||
| Take-Two Interactive Software Inc. | ||||||||||||||||||||||||||||
| Walt Disney Co. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
1 Q1 2016 Calculation
ROE = 100
× (Net income attributable to TWC shareholdersQ1 2016
+ Net income attributable to TWC shareholdersQ4 2015
+ Net income attributable to TWC shareholdersQ3 2015
+ Net income attributable to TWC shareholdersQ2 2015)
÷ Total TWC shareholders’ equity
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
- Net income attributable to TWC shareholders
- The net income figures demonstrate a generally positive trend with fluctuations over the multiple quarters analyzed. Starting at $325 million in March 2011, net income increased with notable peaks such as $808 million in September 2012, representing a significant spike relative to prior and subsequent quarters. After this peak, net income stabilizes around the $480 to $550 million range, with minor variations observed through to March 2016. Overall, despite short-term variability, there is a sustained performance level above $400 million towards the later periods.
- Total TWC shareholders' equity
- Shareholders’ equity shows a gradual declining trend from $8,632 million in March 2011 to a low point of $6,662 million in September 2013. From this bottom, equity begins to recover steadily, reaching $9,357 million by March 2016. This recovery indicates a restoration of equity value exceeding the initial level noted in early 2011. The trajectory suggests effective capital management and possible retention of earnings contributing to equity growth in the latter part of the period.
- Return on Equity (ROE)
- Return on Equity is only available beginning in December 2011, showing a steep increase from 22.11% to a peak of 32.84% in September 2013. Following this peak, ROE gradually declines to 20.09% by March 2016. Despite the decline, ROE remains at a healthy level, indicating the company’s continued effectiveness in generating profits from shareholders’ equity. The initial rise and subsequent decrease in ROE align with the net income fluctuations and equity changes, highlighting periods of heightened profitability followed by a normalization phase.
- Overall Trends and Insights
- The financial data reveals a period of growth and stabilization. Net income records substantial variation but generally trends upward or maintains strength across the observed timeline. Shareholders’ equity undergoes a dip before rebounding to higher levels, implying strategic efforts to strengthen the company’s financial foundation. Return on Equity follows an inverse pattern with respect to equity changes, underscoring fluctuations in profitability relative to equity investments. The maintained ROE above 20% in the latest periods signals sustained operational efficiency and financial strength.
Return on Assets (ROA)
Time Warner Cable Inc., ROA calculation (quarterly data)
| Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income attributable to TWC shareholders | ||||||||||||||||||||||||||||
| Total assets | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROA1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | ||||||||||||||||||||||||||||
| Comcast Corp. | ||||||||||||||||||||||||||||
| Meta Platforms Inc. | ||||||||||||||||||||||||||||
| Netflix Inc. | ||||||||||||||||||||||||||||
| Take-Two Interactive Software Inc. | ||||||||||||||||||||||||||||
| Walt Disney Co. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
1 Q1 2016 Calculation
ROA = 100
× (Net income attributable to TWC shareholdersQ1 2016
+ Net income attributable to TWC shareholdersQ4 2015
+ Net income attributable to TWC shareholdersQ3 2015
+ Net income attributable to TWC shareholdersQ2 2015)
÷ Total assets
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
- Net Income Attributable to TWC Shareholders
- The net income figures display considerable quarterly volatility over the reported period.
- Initially, net income increased steadily from 325 million USD in March 2011 to a peak of 808 million USD in September 2011, indicating strong profitability in that quarter.
- Following this peak, net income declined and fluctuated around the 400 to 550 million USD range, without a clear upward or downward long-term trend through to March 2016.
- Notably, the highest net income values after 2011 did not approach the 2011 peak, suggesting either a normalization post an exceptional period or variability in operational performance.
- Overall, the net income trend signifies episodic spikes with subsequent stabilization at moderately lower levels.
- Total Assets
- Total assets show relative stability with minor fluctuations throughout the period.
- The asset base increased from 45,139 million USD in March 2011 to a high of approximately 50,085 million USD in September 2012, reflecting possible asset acquisitions or internal growth.
- From late 2012 onwards, assets slightly declined and oscillated near the 48,000 to 49,000 million USD range, suggesting maintenance of asset levels without significant growth or reduction.
- The data indicates a stable asset structure with no signs of major divestitures or expansions after the mid-2012 peak.
- Return on Assets (ROA)
- ROA values, available from March 31, 2011, onward, demonstrate a generally positive and stable profitability ratio relative to assets.
- Starting at 3.45%, it experienced mild increases peaking around 4.48% in September 2013, indicating enhanced efficiency in asset utilization during this timeframe.
- After this peak, ROA gradually declined to approximately 3.74% by September 2015, followed by a slight uptick near the end of the period (3.78% in March 2016).
- This pattern suggests moderate fluctuations in operational efficiency without severe deterioration, yet with no sustained improvement past mid-2013.
- Insights
- The data presents a firm with fluctuating profitability but overall stable asset management.
- Net income volatility contrasts with the steadiness of the asset base, highlighting factors other than asset size—such as operational effectiveness or market conditions—influencing earnings.
- The ROA trend reflects these dynamics, showing periods of efficient asset use followed by gradual declines.
- Collectively, the financial indicators point to a phase of transitional performance, with stabilization in asset holdings and moderate earnings variability across the examined periods.