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Softchoice (TSX:SFTC) Return-on-Tangible-Equity : 0.00% (As of Mar. 2024)


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What is Softchoice 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. Softchoice's annualized net income for the quarter that ended in Mar. 2024 was C$-6 Mil. Softchoice's average shareholder tangible equity for the quarter that ended in Mar. 2024 was C$-281 Mil. Therefore, Softchoice's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was N/A%.

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

TSX:SFTC' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -504.26   Med: 34.62   Max: 102.47
Current: Negative Tangible Equity

During the past 13 years, Softchoice's highest Return-on-Tangible-Equity was 102.47%. The lowest was -504.26%. And the median was 34.62%.

TSX:SFTC's Return-on-Tangible-Equity is ranked better than
99.87% of 2377 companies
in the Software industry
Industry Median: 7.96 vs TSX:SFTC: Negative Tangible Equity

Softchoice Return-on-Tangible-Equity Historical Data

The historical data trend for Softchoice'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.

Softchoice Return-on-Tangible-Equity Chart

Softchoice Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.43 - - Negative Tangible Equity Negative Tangible Equity

Softchoice Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity -

Competitive Comparison of Softchoice's Return-on-Tangible-Equity

For the Information Technology Services subindustry, Softchoice'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.


Softchoice's Return-on-Tangible-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Softchoice's Return-on-Tangible-Equity distribution charts can be found below:

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



Softchoice Return-on-Tangible-Equity Calculation

Softchoice'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 )
=61.762/( (-187.459+-155.903 )/ 2 )
=61.762/-171.681
=Negative Tangible Equity %

Softchoice's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=-5.568/( (-155.903+-405.5)/ 2 )
=-5.568/-280.7015
=N/A %

* 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 (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Softchoice  (TSX:SFTC) 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.


Softchoice Return-on-Tangible-Equity Related Terms

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


Softchoice (TSX:SFTC) Business Description

Industry
Traded in Other Exchanges
Address
173 Dufferin Street, Suite 200, Toronto, ON, CAN, M6K 3H7
Softchoice Corp is a technology service and solutions provider that equips organizations to be agile for their people to be engaged, connected and creative at work. The company designs, procures, implements and manages complex multi-vendor IT solutions that enable customers' digital transformations using a results-oriented engagement model that drives long-term relationships.

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