Glossary entry (derived from question below)
English term or phrase:
mid-teen ROE
English answer:
RoE midway between 10% and 19%
Added to glossary by
Charles Davis
Nov 12, 2014 17:27
9 yrs ago
51 viewers *
English term
Spain
Financial and legal expert translations
Native in: Spanish 
Works in: English to Spanish, German to Spanish, Italian to Spanish
mid-teen ROE
English
Bus/Financial
Investment / Securities
Ver Explanation/ Context
Context: banking sector.
The sentence reads as follows.
... redefining the business model in order to generate mid-teen returns on equity.
I am not sure whether here mid-teen means a RoE between 15% and 17% (since teens are the numbers 13 through 19) or rather a RoE of 14%-15%, as 14 and 15 appear to be also a common interpretation of "mid teens"...
Thanks in advance for your help!
The sentence reads as follows.
... redefining the business model in order to generate mid-teen returns on equity.
I am not sure whether here mid-teen means a RoE between 15% and 17% (since teens are the numbers 13 through 19) or rather a RoE of 14%-15%, as 14 and 15 appear to be also a common interpretation of "mid teens"...
Thanks in advance for your help!
Responses
| 4 +2 | RoE midway between 10 and 19 |
Charles Davis
|
Change log
Nov 13, 2014 21:04: Charles Davis Created KOG entry
Responses
+2
40 mins
Selected
RoE midway between 10 and 19
Generally, "teen" means 13-19 inclusive when applied to age and 10-19 inclusive when applied to other things, such as percentage rates. This is explained explicitly in the American Heritage Dictionary, for example:
"1. teens
a. The numbers 10 through 19 or 13 through 19.
b. The 10th through 19th items, in a series or scale: The temperature was in the low teens.
c. The 13th through 19th years of a person or animal's life: students in their teens.
https://www.ahdictionary.com/word/search.html?q=teen
Examples from financial texts that allow you to put a figure to "low teen" or "mid teen" tend to support this:
"Now, let me provide you with the guidance for the third quarter of 2011. Revenue will show a low-teen percentage range, about 10% to 12% decline, mostly driven by lower volume."
http://seekingalpha.com/article/284149-united-microelectroni...
"Visa (V) Continues Mid-Teen Growth Rate in Q4, But Investors Sell
[...] The credit-card processing giant reported GAAP quarterly net income rose 14 percent to $880 million [...]
Revenue in the quarter rose 13 percent to $2.4 billion"
http://www.streetinsider.com/Corporate News/Visa (V) Continu...
"1. teens
a. The numbers 10 through 19 or 13 through 19.
b. The 10th through 19th items, in a series or scale: The temperature was in the low teens.
c. The 13th through 19th years of a person or animal's life: students in their teens.
https://www.ahdictionary.com/word/search.html?q=teen
Examples from financial texts that allow you to put a figure to "low teen" or "mid teen" tend to support this:
"Now, let me provide you with the guidance for the third quarter of 2011. Revenue will show a low-teen percentage range, about 10% to 12% decline, mostly driven by lower volume."
http://seekingalpha.com/article/284149-united-microelectroni...
"Visa (V) Continues Mid-Teen Growth Rate in Q4, But Investors Sell
[...] The credit-card processing giant reported GAAP quarterly net income rose 14 percent to $880 million [...]
Revenue in the quarter rose 13 percent to $2.4 billion"
http://www.streetinsider.com/Corporate News/Visa (V) Continu...
4 KudoZ points awarded for this answer.
Comment: "Many thanks, your answer was very complete!"
Reference comments
36 mins
Reference:
see
RSO Presentation – JMP Conference - Investor Relations ...
phx.corporate-ir.net/External.File?item...t=1
30 Sep 2014 - (1) Reflects common and preferred equity as of August 20, 2014. (2) As of June 30, 2014 ... Objective is to generate mid-teen returns (14-17%) on equity and grow Book Value. RSO has ... Only ~12.5% of potential transactions ...
phx.corporate-ir.net/External.File?item...t=1
30 Sep 2014 - (1) Reflects common and preferred equity as of August 20, 2014. (2) As of June 30, 2014 ... Objective is to generate mid-teen returns (14-17%) on equity and grow Book Value. RSO has ... Only ~12.5% of potential transactions ...
Note from asker:
| Dear Liz, I had opted for 14 to 17, and, in the end another translator of the same text into a different language asked the client and apparently, they meant midway between 13 and 16. So your reference was closer to their use of this (certainly vague) expression. Thanks! |
Peer comments on this reference comment:
| agree |
B D Finch
: Though it does seem deliberately vague.
2 mins
|
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