What is Canada House Wellness Group 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. Canada House Wellness Group's annualized net income for the quarter that ended in Apr. 2023 was $2.24 Mil. Canada House Wellness Group's average shareholder tangible equity for the quarter that ended in Apr. 2023 was $-3.31 Mil. Therefore, Canada House Wellness Group's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2023 was Negative Tangible Equity%.
The historical rank and industry rank for Canada House Wellness Group's Return-on-Tangible-Equity or its related term are showing as below:
SARSF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -562.59 Med: -206.91 Max: 208.63
Current: Negative Tangible Equity
During the past 13 years, Canada House Wellness Group's highest Return-on-Tangible-Equity was 208.63%. The lowest was -562.59%. And the median was -206.91%.
SARSF's Return-on-Tangible-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 6.31
vs SARSF: Negative Tangible Equity
Canada House Wellness Group Return-on-Tangible-Equity Historical Data
* 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.
Canada House Wellness Group Return-on-Tangible-Equity Chart
Competitive Comparison of Canada House Wellness Group's Return-on-Tangible-Equity
For the Drug Manufacturers - Specialty & Generic subindustry, Canada House Wellness Group'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.
Canada House Wellness Group's Return-on-Tangible-Equity Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Canada House Wellness Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Canada House Wellness Group's Return-on-Tangible-Equity falls into.
Canada House Wellness Group Return-on-Tangible-Equity Calculation
Canada House Wellness Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Apr. 2021 is calculated as
* 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 (Apr. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Canada House Wellness Group (OTCPK:SARSF) 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.
Canada House Wellness Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Canada House Wellness Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Canada House Wellness Group (Canada House Wellness Group) Business Description
Canada House Cannabis Group Inc is a licensed producer that produces high quality medical grade cannabis. IsoCanMed Inc, a Licensed Producer in Louiseville, Quebec growing indoor cannabis, production facility employing state of the art vertical, aeroponic production methodologies; Canada House Clinics Inc, with clinics across the country that work directly with primary care teams to provide specialized cannabinoid therapy services to patients suffering from simple and complex medical conditions; and Knalysis Technologies, a provider of fully customizable, cloud-based software that links physician, provider, and patient to data that supports treatment with medical cannabis; Margaree Health Group a medical cannabis clinic.
Canada House Wellness Group (Canada House Wellness Group) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SARSF has been successfully added to your 