Frontline plc (FRO) Return on Tangible Equity

Frontline plc Return Tang Equity

Return on tangible equity is the profit a company earns on the physical and financial capital its shareholders own, leaving out goodwill and other intangible assets, shown as a percentage. It is net income divided by tangible equity, which is shareholder equity minus goodwill and intangibles; the table shows both amounts. Because acquired goodwill is removed, it runs higher than ROE for companies that grew by acquisition, and it has no meaning when goodwill exceeds equity. Goodwill and intangibles are taken at the latest reported date on or before each equity date. Quarterly points divide the trailing four quarters of net income by the balance at that quarter end; annual points divide the filed fiscal-year net income by the fiscal-year-end balance.

• Frontline plc return tang equity for the quarter ending 2013-12-31 was 6.54%.
• Frontline plc return tang equity for the quarter ending 2013-09-30 was 430.15%.
• Frontline plc return tang equity for the quarter ending 2013-06-30 was 2495.91%.
• Frontline plc return tang equity for fiscal 2021 was -0.72%, a 102.63% decline from fiscal 2020.
• Frontline plc return tang equity for fiscal 2020 was 27.54%, a 175.03% increase from fiscal 2019.
• Frontline plc return tang equity for fiscal 2019 was 10.01%, a change of 10.86% from fiscal 2018.
• Frontline plc return tang equity for fiscal 2018 was -0.84%, a change of 23.79% from fiscal 2017.