Heritage Cannabis Holding (Heritage Cannabis Holding) Return-on-Tangible-Equity : -356.20% (As of Oct. 2023)

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What is Heritage Cannabis Holding 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. Heritage Cannabis Holding's annualized net income for the quarter that ended in Oct. 2023 was $-40.75 Mil. Heritage Cannabis Holding's average shareholder tangible equity for the quarter that ended in Oct. 2023 was $11.44 Mil. Therefore, Heritage Cannabis Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2023 was -356.20%.

The historical rank and industry rank for Heritage Cannabis Holding's Return-on-Tangible-Equity or its related term are showing as below:

HERTF' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1627.54 Med: -178.67 Max: 4.58
Current: -116.21

During the past 13 years, Heritage Cannabis Holding's highest Return-on-Tangible-Equity was 4.58%. The lowest was -1,627.54%. And the median was -178.67%.

HERTF's Return-on-Tangible-Equity is ranked worse than
90.46% of 933 companies
in the Drug Manufacturers industry
Industry Median: 6.26 vs HERTF: -116.21

Heritage Cannabis Holding Return-on-Tangible-Equity Historical Data

The historical data trend for Heritage Cannabis 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.

Heritage Cannabis Holding Return-on-Tangible-Equity Chart

Heritage Cannabis Holding Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Return-on-Tangible-Equity

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-93.01

-37.73

-367.40

-154.05

-116.80

Heritage Cannabis Holding Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Return-on-Tangible-Equity	Get a 7-Day Free Trial															-499.01	-59.31	-45.68	-30.16	-356.20

Competitive Comparison of Heritage Cannabis Holding's Return-on-Tangible-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Heritage Cannabis 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.

Heritage Cannabis Holding's Return-on-Tangible-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Heritage Cannabis Holding's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Heritage Cannabis Holding's Return-on-Tangible-Equity falls into.

Heritage Cannabis Holding Return-on-Tangible-Equity Calculation

Heritage Cannabis Holding's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-14.655	/	( (14.732	+	10.363 )	/ 2 )
	=	-14.655	/	12.5475
	=	-116.80 %

Heritage Cannabis Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-40.748	/	( (12.516	+	10.363)	/ 2 )
	=	-40.748	/	11.4395
	=	-356.20 %

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 (Oct. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Heritage Cannabis Holding (OTCPK:HERTF) 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.

Heritage Cannabis Holding Return-on-Tangible-Equity Related Terms

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

Heritage Cannabis Holding (Heritage Cannabis Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Heritage Cannabis Holding Corp (OTCPK:HERTF) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Bloor Street West, Suite 600, Toronto, ON, CAN, M5S 1M2

Website

https://www.heritagecann.com

Heritage Cannabis Holding Corp is a Canada based holding company, operating in the vertically integrated cannabis business. It cultivates, sells, and distributes medical cannabis and marijuana. The group derives revenue from the sale of goods and provision of services.