What is Big Tree Carbon 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. Big Tree Carbon's annualized net income for the quarter that ended in Dec. 2023 was C$-3.38 Mil. Big Tree Carbon's average shareholder tangible equity for the quarter that ended in Dec. 2023 was C$-0.69 Mil. Therefore, Big Tree Carbon's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was N/A%.
The historical rank and industry rank for Big Tree Carbon's Return-on-Tangible-Equity or its related term are showing as below:
TSXV:BIGT's Return-on-Tangible-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: -16.58 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Big Tree Carbon Return-on-Tangible-Equity Historical Data
The historical data trend for Big Tree Carbon'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.
Competitive Comparison of Big Tree Carbon's Return-on-Tangible-Equity
For the Gold subindustry, Big Tree Carbon'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.
Big Tree Carbon's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Big Tree Carbon's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Big Tree Carbon's Return-on-Tangible-Equity falls into.
Big Tree Carbon Return-on-Tangible-Equity Calculation
Big Tree Carbon's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Big Tree Carbon (TSXV:BIGT) 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.
Big Tree Carbon Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Big Tree Carbon's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Big Tree Carbon Inc is engaged in the investigation, acquisition, exploration and development of exploration and evaluation assets and energy assets in Ontario, Canada. It is also involved in building on the company's long-standing relations with First Nations in Northwestern Ontario to assist in financing future exploration activities by assessing the potential of forests within the traditional territories of these First Nations to capture and sequester carbon dioxide for the development of Greenhouse Gas offsets and other potential environmental attributes, and to explore the monetization of these offsets and attributes for the benefit of these First Nations and the company.
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