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JanOne (JanOne) ROE %

: -1,272.92% (As of Dec. 2023)
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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. JanOne's annualized net income for the quarter that ended in Dec. 2023 was $-71.22 Mil. JanOne's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $5.60 Mil. Therefore, JanOne's annualized ROE % for the quarter that ended in Dec. 2023 was -1,272.92%.

The historical rank and industry rank for JanOne's ROE % or its related term are showing as below:

JAN' s ROE % Range Over the Past 10 Years
Min: -133.75   Med: -17.46   Max: Negative Equity
Current: -95.85

During the past 13 years, JanOne's highest ROE % was Negative Equity%. The lowest was -133.75%. And the median was -17.46%.

JAN's ROE % is ranked worse than
95.3% of 234 companies
in the Waste Management industry
Industry Median: 6.58 vs JAN: -95.85

JanOne ROE % Historical Data

The historical data trend for JanOne's ROE % 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.

JanOne Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -74.89 -133.75 - Negative Equity -

JanOne Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % 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 Premium Member Only Premium Member Only Premium Member Only 669.29 508.48 3.61 -6.07 -1,272.92

Competitive Comparison

For the Waste Management subindustry, JanOne's ROE %, along with its competitors' market caps and ROE % 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.


JanOne ROE % Distribution

For the Waste Management industry and Industrials sector, JanOne's ROE % distribution charts can be found below:

* The bar in red indicates where JanOne's ROE % falls into.



JanOne ROE % Calculation

JanOne's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-7.812/( (2.307+-3.308)/ 2 )
=-7.812/-0.5005
=N/A %

JanOne's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=-71.22/( (14.498+-3.308)/ 2 )
=-71.22/5.595
=-1,272.92 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder 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. ROE % is displayed in the 30-year financial page.


JanOne  (NAS:JAN) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-71.22/5.595
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-71.22 / 0)*(0 / 26.488)*(26.488 / 5.595)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*4.7342
=ROA %*Equity Multiplier
=N/A %*4.7342
=-1,272.92 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-71.22/5.595
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-71.22 / -65.72) * (-65.72 / -7.292) * (-7.292 / 0) * (0 / 26.488) * (26.488 / 5.595)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0837 * 9.0126 * N/A % * 0 * 4.7342
=-1,272.92 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


JanOne ROE % Related Terms

Thank you for viewing the detailed overview of JanOne's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


JanOne (JanOne) Business Description

Traded in Other Exchanges
Address
325 East Warm Springs Road, Suite 102, Las Vegas, NV, USA, 89119
JanOne Inc focuses on reducing opioid addiction by finding treatments for conditions accompanied by pain and bringing to market drugs and therapies with nonaddictive pain-relieving properties. The company operates in three operating segments, namely Biotechnology, Recycling, and Technology. It derives its majority of revenue from the Recycling segment that is primarily engaged in the recycling of appliances throughout the United States and Canada.
Executives
Virland A Johnson officer: Chief Financial Officer 20488 N 86 LANE, PEORIA AZ 85382
Antonios Isaac director, officer: Chief Executive Officer 3525 DEL MAR HEIGHTS RD., #765, SAN DIEGO CA 92130
John Bitar director 334 EAST COAST HWY #500, CORONA DEL MAR CA 92625
Eric Bolling director, officer: President and Chairman 325 E. WARM SPRINGS ROAD SUITE 102, LAS VEGAS NV 89119
Isaac Capital Group, Llc 10 percent owner 501 W. BROADWAY, #A212, SAN DIEGO CA 92101
John Isaac 10 percent owner 501 W. BROADWAY, SUITE A212, SAN DIEGO CA 92101
Nael Hajjar director 175 JACKSON AVENUE NORTH, SUITE 102, MINNEAPOLIS MN 55343-4565
Bradley Bremer officer: President of ApplianceSmart 175 JACKSON AVE N, SUITE 102, MINNEAPOLIS MN 55343
Dennis Gao director 325 E. WARM SPRINGS ROAD, SUITE 102, LAS VEGAS NV 89119
James P Harper officer: COO 175 JACKSON AVE N, SUITE 102, MINNEAPOLIS MN 55343
Timothy Matula director 175 JACKSON AVE N, SUITE 102, MINNEAPOLIS MN 55343
Rachel Holmes officer: EVP of ARCA Recycling 175 JACKSON AVE N., SUITE 102, MINNEAPOLIS MN 55343
Richard Butler director 4840 EAST JASMINE ST., SUITE 105, MESA AZ 85205
Brian Conners director 7400 EXCELSIOR BLVD., MINNEAPOLIS MN 55426
Jeffery Ostapeic officer: CFO 7400 EXCELSIOR BLVD, MINNEAPOLIS MN 55426