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Acadian Timber (Acadian Timber) Return-on-Tangible-Equity : 15.09% (As of Dec. 2023)


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What is Acadian Timber Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Acadian Timber's annualized net income for the quarter that ended in Dec. 2023 was $34.56 Mil. Acadian Timber's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $229.04 Mil. Therefore, Acadian Timber's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 15.09%.

The historical rank and industry rank for Acadian Timber's Return-on-Tangible-Equity or its related term are showing as below:

ACAZF' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.42   Med: 8.65   Max: 20.66
Current: 9.71

During the past 13 years, Acadian Timber's highest Return-on-Tangible-Equity was 20.66%. The lowest was 5.42%. And the median was 8.65%.

ACAZF's Return-on-Tangible-Equity is ranked better than
67.01% of 288 companies
in the Forest Products industry
Industry Median: 4.215 vs ACAZF: 9.71

Acadian Timber Return-on-Tangible-Equity Historical Data

The historical data trend for Acadian Timber's Return-on-Tangible-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Acadian Timber Return-on-Tangible-Equity Chart

Acadian Timber Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.20 7.89 6.53 11.83 9.70

Acadian Timber Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.74 7.49 7.86 8.40 15.09

Competitive Comparison of Acadian Timber's Return-on-Tangible-Equity

For the Lumber & Wood Production subindustry, Acadian Timber's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Acadian Timber's Return-on-Tangible-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Acadian Timber's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Acadian Timber's Return-on-Tangible-Equity falls into.



Acadian Timber Return-on-Tangible-Equity Calculation

Acadian Timber's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=21.939/( (219.052+233.185 )/ 2 )
=21.939/226.1185
=9.70 %

Acadian Timber's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=34.564/( (224.892+233.185)/ 2 )
=34.564/229.0385
=15.09 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Acadian Timber  (OTCPK:ACAZF) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Acadian Timber Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Acadian Timber's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Acadian Timber (Acadian Timber) Business Description

Traded in Other Exchanges
Address
365 Canada Road, Edmundston, NB, CAN, E3V 1W2
Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company's operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company's product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.