Stock Analysis on Net
Stock Analysis on Net

Twitter Inc. (NYSE:TWTR)

This company has been moved to the archive! The financial data has not been updated since July 26, 2022.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Twitter Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Activity Ratio
Total Asset Turnover
Reported 0.36 0.28 0.27 0.30 0.33
Adjusted 0.39 0.29 0.32 0.30 0.31
Liquidity Ratio
Current Ratio
Reported 5.89 4.42 9.15 4.69 9.12
Adjusted 6.27 4.57 9.98 4.82 9.59
Solvency Ratios
Debt to Equity
Reported 0.58 0.44 0.29 0.40 0.36
Adjusted 0.89 0.62 0.48 0.58 0.46
Debt to Capital
Reported 0.37 0.30 0.23 0.29 0.26
Adjusted 0.47 0.38 0.32 0.37 0.32
Financial Leverage
Reported 1.92 1.68 1.46 1.49 1.47
Adjusted 2.07 1.74 1.57 1.68 1.57
Profitability Ratios
Net Profit Margin
Reported -4.36% -30.56% 42.37% 39.63% -4.42%
Adjusted -9.54% -1.59% 10.51% 12.43% -3.46%
Return on Equity (ROE)
Reported -3.03% -14.25% 16.84% 17.71% -2.14%
Adjusted -7.77% -0.81% 5.34% 6.28% -1.67%
Return on Assets (ROA)
Reported -1.57% -8.49% 11.54% 11.86% -1.46%
Adjusted -3.76% -0.47% 3.40% 3.75% -1.06%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Twitter Inc. adjusted total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Twitter Inc. adjusted current ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Twitter Inc. adjusted debt-to-equity ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Twitter Inc. adjusted debt-to-capital ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Twitter Inc. adjusted financial leverage ratio increased from 2019 to 2020 and from 2020 to 2021.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Twitter Inc. adjusted net profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Twitter Inc. adjusted ROE deteriorated from 2019 to 2020 and from 2020 to 2021.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Twitter Inc. adjusted ROA deteriorated from 2019 to 2020 and from 2020 to 2021.

Twitter Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Revenue 5,077,482 3,716,349 3,459,329 3,042,359 2,443,299
Total assets 14,059,516 13,379,090 12,703,389 10,162,572 7,412,477
Activity Ratio
Total asset turnover1 0.36 0.28 0.27 0.30 0.33
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted revenue2 5,094,705 3,709,540 3,489,380 3,053,484 2,437,464
Adjusted total assets3 12,926,221 12,599,710 10,797,704 10,128,498 7,953,878
Activity Ratio
Adjusted total asset turnover4 0.39 0.29 0.32 0.30 0.31

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Total asset turnover = Revenue ÷ Total assets
= 5,077,482 ÷ 14,059,516 = 0.36

2 Adjusted revenue. See details »

3 Adjusted total assets. See details »

4 2021 Calculation
Adjusted total asset turnover = Adjusted revenue ÷ Adjusted total assets
= 5,094,705 ÷ 12,926,221 = 0.39

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Twitter Inc. adjusted total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Current assets 7,918,370 8,637,108 7,620,075 7,111,036 5,321,884
Current liabilities 1,343,867 1,952,826 832,476 1,516,311 583,278
Liquidity Ratio
Current ratio1 5.89 4.42 9.15 4.69 9.12
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted current assets2 7,933,648 8,654,054 7,622,476 7,114,595 5,327,314
Adjusted current liabilities3 1,265,326 1,893,850 763,489 1,477,362 555,454
Liquidity Ratio
Adjusted current ratio4 6.27 4.57 9.98 4.82 9.59

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 7,918,370 ÷ 1,343,867 = 5.89

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2021 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 7,933,648 ÷ 1,265,326 = 6.27

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Twitter Inc. adjusted current ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Total debt 4,253,019 3,487,305 2,532,481 2,720,690 1,793,744
Stockholders’ equity 7,307,199 7,970,082 8,704,386 6,805,594 5,047,218
Solvency Ratio
Debt to equity1 0.58 0.44 0.29 0.40 0.36
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt2 5,546,574 4,484,200 3,288,685 3,491,516 2,340,170
Adjusted stockholders’ equity3 6,254,290 7,253,923 6,868,527 6,039,643 5,070,255
Solvency Ratio
Adjusted debt to equity4 0.89 0.62 0.48 0.58 0.46

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 4,253,019 ÷ 7,307,199 = 0.58

2 Adjusted total debt. See details »

3 Adjusted stockholders’ equity. See details »

4 2021 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ equity
= 5,546,574 ÷ 6,254,290 = 0.89

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Twitter Inc. adjusted debt-to-equity ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Total debt 4,253,019 3,487,305 2,532,481 2,720,690 1,793,744
Total capital 11,560,218 11,457,387 11,236,867 9,526,284 6,840,962
Solvency Ratio
Debt to capital1 0.37 0.30 0.23 0.29 0.26
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt2 5,546,574 4,484,200 3,288,685 3,491,516 2,340,170
Adjusted total capital3 11,800,864 11,738,123 10,157,212 9,531,159 7,410,425
Solvency Ratio
Adjusted debt to capital4 0.47 0.38 0.32 0.37 0.32

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 4,253,019 ÷ 11,560,218 = 0.37

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2021 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 5,546,574 ÷ 11,800,864 = 0.47

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Twitter Inc. adjusted debt-to-capital ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Total assets 14,059,516 13,379,090 12,703,389 10,162,572 7,412,477
Stockholders’ equity 7,307,199 7,970,082 8,704,386 6,805,594 5,047,218
Solvency Ratio
Financial leverage1 1.92 1.68 1.46 1.49 1.47
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total assets2 12,926,221 12,599,710 10,797,704 10,128,498 7,953,878
Adjusted stockholders’ equity3 6,254,290 7,253,923 6,868,527 6,039,643 5,070,255
Solvency Ratio
Adjusted financial leverage4 2.07 1.74 1.57 1.68 1.57

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 14,059,516 ÷ 7,307,199 = 1.92

2 Adjusted total assets. See details »

3 Adjusted stockholders’ equity. See details »

4 2021 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity
= 12,926,221 ÷ 6,254,290 = 2.07

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Twitter Inc. adjusted financial leverage ratio increased from 2019 to 2020 and from 2020 to 2021.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Net income (loss) (221,409) (1,135,626) 1,465,659 1,205,596 (108,063)
Revenue 5,077,482 3,716,349 3,459,329 3,042,359 2,443,299
Profitability Ratio
Net profit margin1 -4.36% -30.56% 42.37% 39.63% -4.42%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)2 (485,854) (59,054) 366,818 379,398 (84,425)
Adjusted revenue3 5,094,705 3,709,540 3,489,380 3,053,484 2,437,464
Profitability Ratio
Adjusted net profit margin4 -9.54% -1.59% 10.51% 12.43% -3.46%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Net profit margin = 100 × Net income (loss) ÷ Revenue
= 100 × -221,409 ÷ 5,077,482 = -4.36%

2 Adjusted net income (loss). See details »

3 Adjusted revenue. See details »

4 2021 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Adjusted revenue
= 100 × -485,854 ÷ 5,094,705 = -9.54%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Twitter Inc. adjusted net profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Net income (loss) (221,409) (1,135,626) 1,465,659 1,205,596 (108,063)
Stockholders’ equity 7,307,199 7,970,082 8,704,386 6,805,594 5,047,218
Profitability Ratio
ROE1 -3.03% -14.25% 16.84% 17.71% -2.14%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)2 (485,854) (59,054) 366,818 379,398 (84,425)
Adjusted stockholders’ equity3 6,254,290 7,253,923 6,868,527 6,039,643 5,070,255
Profitability Ratio
Adjusted ROE4 -7.77% -0.81% 5.34% 6.28% -1.67%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROE = 100 × Net income (loss) ÷ Stockholders’ equity
= 100 × -221,409 ÷ 7,307,199 = -3.03%

2 Adjusted net income (loss). See details »

3 Adjusted stockholders’ equity. See details »

4 2021 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) ÷ Adjusted stockholders’ equity
= 100 × -485,854 ÷ 6,254,290 = -7.77%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Twitter Inc. adjusted ROE deteriorated from 2019 to 2020 and from 2020 to 2021.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Net income (loss) (221,409) (1,135,626) 1,465,659 1,205,596 (108,063)
Total assets 14,059,516 13,379,090 12,703,389 10,162,572 7,412,477
Profitability Ratio
ROA1 -1.57% -8.49% 11.54% 11.86% -1.46%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)2 (485,854) (59,054) 366,818 379,398 (84,425)
Adjusted total assets3 12,926,221 12,599,710 10,797,704 10,128,498 7,953,878
Profitability Ratio
Adjusted ROA4 -3.76% -0.47% 3.40% 3.75% -1.06%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROA = 100 × Net income (loss) ÷ Total assets
= 100 × -221,409 ÷ 14,059,516 = -1.57%

2 Adjusted net income (loss). See details »

3 Adjusted total assets. See details »

4 2021 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) ÷ Adjusted total assets
= 100 × -485,854 ÷ 12,926,221 = -3.76%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Twitter Inc. adjusted ROA deteriorated from 2019 to 2020 and from 2020 to 2021.