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SLGWQ (SLANG Worldwide) Return-on-Tangible-Asset : -215.12% (As of Jun. 2024)


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What is SLANG Worldwide Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. SLANG Worldwide's annualized Net Income for the quarter that ended in Jun. 2024 was $-33.74 Mil. SLANG Worldwide's average total tangible assets for the quarter that ended in Jun. 2024 was $15.68 Mil. Therefore, SLANG Worldwide's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was -215.12%.

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

SLGWQ' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -269.03   Med: -69.79   Max: -27.72
Current: -122.13

During the past 7 years, SLANG Worldwide's highest Return-on-Tangible-Asset was -27.72%. The lowest was -269.03%. And the median was -69.79%.

SLGWQ's Return-on-Tangible-Asset is not ranked
in the Drug Manufacturers industry.
Industry Median: 2.68 vs SLGWQ: -122.13

SLANG Worldwide Return-on-Tangible-Asset Historical Data

The historical data trend for SLANG Worldwide's Return-on-Tangible-Asset 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.

SLANG Worldwide Return-on-Tangible-Asset Chart

SLANG Worldwide Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial -265.32 -29.36 -129.26 -70.07 -67.75

SLANG Worldwide Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Return-on-Tangible-Asset 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 -59.70 -65.90 -129.71 -101.37 -215.12

Competitive Comparison of SLANG Worldwide's Return-on-Tangible-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, SLANG Worldwide's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.


SLANG Worldwide's Return-on-Tangible-Asset Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, SLANG Worldwide's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where SLANG Worldwide's Return-on-Tangible-Asset falls into.


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SLANG Worldwide Return-on-Tangible-Asset Calculation

SLANG Worldwide's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=-14.435/( (23.82+18.791)/ 2 )
=-14.435/21.3055
=-67.75 %

SLANG Worldwide's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=-33.74/( (16.997+14.371)/ 2 )
=-33.74/15.684
=-215.12 %

* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Jun. 2024) net income data.


SLANG Worldwide  (OTCPK:SLGWQ) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


SLANG Worldwide Return-on-Tangible-Asset Related Terms

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


SLANG Worldwide Business Description

Traded in Other Exchanges
N/A
Address
50 Carroll Street, Toronto, ON, CAN, M4M 3G3
SLANG Worldwide Inc is a cannabis-focused consumer packaged goods company. It is focused on acquiring and developing regional brands, as well as creating new brands to meet the needs of cannabis consumers. It operates in two reportable segments Core Markets, and Emerging Markets, and the majority of its revenue comes from the Core Market. Geographically it operates in Canada and the U.S. It derives the majority of its revenue from the U.S. Its brand portfolio involves, Firefly, O.pen, and Alchemy Naturals.

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