Intermediate
Master the Numbers
Every ratio on a Tenet report: what it measures, what good looks like, and the trap that inflates it.
What you will be able to do
You can read a ratio grid at a glance, know which numbers can be gamed, and check any figure against its trap.
- Return on Equity (ROE): What It Really Tells You
- Return on Invested Capital (ROIC): What It Tells You
- Return on Assets (ROA): What It Tells You
- Gross Margin: What It Tells You About a Business
- Operating Margin: What It Tells You About a Business
- Net Profit Margin: What It Tells You
- Earnings Per Share (EPS): What It Really Tells You
- Free Cash Flow Yield: What It Tells You
- Debt-to-Equity Ratio: What It Tells You
- Current Ratio: What It Tells You About Liquidity
- Interest Coverage Ratio: What It Tells You
- Price-to-Earnings (P/E) Ratio: What It Tells You
- Price-to-Book (P/B) Ratio: What It Tells You
- PEG Ratio: What It Tells You About Growth and Price
- Dividend Yield: What It Tells You
- Share Buybacks Explained: When They Create Value

