Return-on-Tangible-Equity is calculated as Net Income attributable to Common Stockholders divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Canterbury Park Holding's annualized net income attributable to common stockholders for the quarter that ended in Mar. 2022 was $7.10 Mil. Canterbury Park Holding's average shareholder tangible equity for the quarter that ended in Mar. 2022 was $64.93 Mil. Therefore, Canterbury Park Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2022 was 10.93%.
The historical rank and industry rank for Canterbury Park Holding's Return-on-Tangible-Equity or its related term are showing as below:
CPHC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.11 Med: 8.33 Max: 22.18
Current: 22.18
During the past 13 years, Canterbury Park Holding's highest Return-on-Tangible-Equity was 22.18%. The lowest was 2.11%. And the median was 8.33%.
CPHC's Return-on-Tangible-Equity is ranked better than 78.29% of 760
companies
in the Travel & Leisure industry
Industry Median: 0.55
vs CPHC: 22.18
Canterbury Park Holding Return-on-Tangible-Equity Historical Data
The historical data trend for Canterbury Park Holding'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.
Canterbury Park Holding Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Return-on-Tangible-Equity
10.59
13.08
5.65
2.11
20.40
Canterbury Park Holding Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Return-on-Tangible-Equity
4.26
14.06
19.76
43.52
10.93
Competitive Comparison
For the Gambling subindustry, Canterbury Park Holding'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.
Canterbury Park Holding Return-on-Tangible-Equity Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, Canterbury Park Holding's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Canterbury Park Holding's Return-on-Tangible-Equity falls into.
Canterbury Park Holding Return-on-Tangible-Equity Calculation
Canterbury Park Holding's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 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 attributable to common stockholders 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 attributable to common stockholders data used here is four times the quarterly (Mar. 2022) net income attributable to common stockholders data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Canterbury Park Holding (NAS:CPHC) 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 attributable to common stockholders 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.
Canterbury Park Holding Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Canterbury Park Holding's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Canterbury Park Holding Corp is in the business of pari-mutuel wagering on horse races and unbanked card games at its canterbury park racetrack and card casino facility in Minnesota. The company has four operating segments. The horse racing segment represents pari-mutuel wagering operations on simulcast and lives horse races; the Card Casino segment represents unbanked card operations; the food and beverage segment includes concessions, catering, and events services provided at the Racetrack; and the development segment represents its real estate development operations. The firm generates a majority of its revenue from the Card Casino segment.
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
Premium Gurus 
3.28(13.54%) Volume: 46,370 10:08PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
NAS:CPHC has been successfully added to your 
