What is New World Solutions 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. New World Solutions's annualized net income for the quarter that ended in Jan. 2024 was C$3.08 Mil. New World Solutions's average shareholder tangible equity for the quarter that ended in Jan. 2024 was C$1.26 Mil. Therefore, New World Solutions's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was 244.08%.
The historical rank and industry rank for New World Solutions's Return-on-Tangible-Equity or its related term are showing as below:
XCNQ:NEWS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -345.27 Med: -308.32 Max: -17.83
Current: -83.71
During the past 13 years, New World Solutions's highest Return-on-Tangible-Equity was -17.83%. The lowest was -345.27%. And the median was -308.32%.
XCNQ:NEWS's Return-on-Tangible-Equity is ranked worse than 88.8% of 2374
companies
in the Software industry
Industry Median: 7.88
vs XCNQ:NEWS: -83.71
New World Solutions Return-on-Tangible-Equity Historical Data
The historical data trend for New World Solutions'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.
New World Solutions Return-on-Tangible-Equity Chart
Competitive Comparison of New World Solutions's Return-on-Tangible-Equity
For the Software - Application subindustry, New World Solutions'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.
New World Solutions's Return-on-Tangible-Equity Distribution in the Software Industry
For the Software industry and Technology sector, New World Solutions's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where New World Solutions's Return-on-Tangible-Equity falls into.
New World Solutions Return-on-Tangible-Equity Calculation
New World Solutions's annualized Return-on-Tangible-Equity for the fiscal year that ended in Apr. 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 (Jan. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
New World Solutions (XCNQ:NEWS) 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.
New World Solutions Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of New World Solutions's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
New World Solutions (XCNQ:NEWS) Business Description
New World Solutions Inc is a blockchain development company. The company provides high-performance blockchain solutions that include graphic data analysis and consulting services, implementation of data mining analysis through the use of graph databases, and speed enhancements of blockchain control systems for businesses and governments. Its geographical segment includes Graph Canada and Graph Korea. The company's portfolio includes Babbage Mining Corp., specializing in Proof of Stake mining, enhancing its role in the expanding EV market.
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