GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Street Capital Inc (XCNQ:STRC.X) » Definitions » Return-on-Tangible-Asset

Street Capital (XCNQ:STRC.X) Return-on-Tangible-Asset : -55.09% (As of Jun. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Street Capital 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. Street Capital's annualized Net Income for the quarter that ended in Jun. 2024 was C$-0.09 Mil. Street Capital's average total tangible assets for the quarter that ended in Jun. 2024 was C$0.17 Mil. Therefore, Street Capital's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was -55.09%.

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

XCNQ:STRC.X' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -252.9   Med: -109.66   Max: -75.73
Current: -107.51

During the past 5 years, Street Capital's highest Return-on-Tangible-Asset was -75.73%. The lowest was -252.90%. And the median was -109.66%.

XCNQ:STRC.X's Return-on-Tangible-Asset is ranked worse than
92.24% of 1044 companies
in the Drug Manufacturers industry
Industry Median: 2.065 vs XCNQ:STRC.X: -107.51

Street Capital Return-on-Tangible-Asset Historical Data

The historical data trend for Street Capital'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.

Street Capital Return-on-Tangible-Asset Chart

Street Capital Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
-75.73 -81.56 -252.90 -147.54 -109.66

Street Capital 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 -110.98 -86.72 -91.55 -209.52 -55.09

Competitive Comparison of Street Capital's Return-on-Tangible-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, Street Capital'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.


Street Capital's Return-on-Tangible-Asset Distribution in the Drug Manufacturers Industry

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

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



Street Capital Return-on-Tangible-Asset Calculation

Street Capital'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 )
=-0.42/( (0.504+0.262)/ 2 )
=-0.42/0.383
=-109.66 %

Street Capital'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 )
=-0.092/( (0.158+0.176)/ 2 )
=-0.092/0.167
=-55.09 %

* 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.


Street Capital  (XCNQ:STRC.X) 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.


Street Capital Return-on-Tangible-Asset Related Terms

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


Street Capital Business Description

Traded in Other Exchanges
Address
1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9
Street Capital Inc formerly The Hash Corp is engaged in the production and sale of cannabis-based hashish and other cannabis products. It applies its separation and curing techniques to produce a suite of high-quality cannabis resin products, which are all-natural and free of additive and carcinogenic solvents.
Executives
Tyler Metford Senior Officer

Street Capital Headlines

No Headlines