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mid-teen ROE

English translation: RoE midway between 10% and 19%

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:mid-teen ROE
Selected answer:RoE midway between 10% and 19%
Entered by: Charles Davis

17:27 Nov 12, 2014
English language (monolingual) [PRO]
Bus/Financial - Investment / Securities / Ver Explanation/ Context
English term or phrase: mid-teen ROE
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!
Rebeca Martín Lorenzo
Spain
Local time: 05:23
RoE midway between 10 and 19
Explanation:
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...
Selected response from:

Charles Davis
Spain
Local time: 05:23
Grading comment
Many thanks, your answer was very complete!
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +2RoE midway between 10 and 19
Charles Davis
Summary of reference entries provided
see
liz askew

  

Answers


40 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
mid-teen roe
RoE midway between 10 and 19


Explanation:
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...

Charles Davis
Spain
Local time: 05:23
Native speaker of: English
PRO pts in category: 12
Grading comment
Many thanks, your answer was very complete!

Peer comments on this answer (and responses from the answerer)
agree  Veronika McLaren
29 mins
  -> Thanks, Veronika :)
agree  dkfmmuc: This is great!
14 hrs
  -> I'm very glad you think so! Many thanks :)
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Reference comments


36 mins peer agreement (net): +1
Reference: see

Reference information:
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 ...

liz askew
United Kingdom
Native speaker of: Native in EnglishEnglish
Note to reference poster
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 (and responses from the reference poster)
agree  B D Finch: Though it does seem deliberately vague.
2 mins
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