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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. NextPlay Technologies's annualized net income for the quarter that ended in Nov. 2022 was $-12.61 Mil. NextPlay Technologies's average shareholder tangible equity for the quarter that ended in Nov. 2022 was $3.88 Mil. Therefore, NextPlay Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2022 was -324.88%.
The historical rank and industry rank for NextPlay Technologies's Return-on-Tangible-Equity or its related term are showing as below:
The historical data trend for NextPlay Technologies'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.
NextPlay Technologies Annual Data | |||||
Trend | Feb21 | Feb22 | |||
Return-on-Tangible-Equity | -45.28 | -739.28 |
NextPlay Technologies Quarterly Data | ||||||||
Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | - | -1,033.87 | -238.61 | -432.83 | -324.88 |
For the Software - Infrastructure subindustry, NextPlay Technologies'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.
For the Software industry and Technology sector, NextPlay Technologies's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NextPlay Technologies's Return-on-Tangible-Equity falls into.
NextPlay Technologies's annualized Return-on-Tangible-Equity for the fiscal year that ended in Feb. 2022 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Feb. 2022 ) | (A: Feb. 2021 ) | (A: Feb. 2022 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Feb. 2022 ) | (A: Feb. 2021 ) | (A: Feb. 2022 ) | |||||
= | -37.973 | / | ( (2.65 | + | 7.623 ) | / 2 ) | |
= | -37.973 | / | 5.1365 | ||||
= | -739.28 % |
NextPlay Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2022 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Nov. 2022 ) | (Q: Aug. 2022 ) | (Q: Nov. 2022 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Nov. 2022 ) | (Q: Aug. 2022 ) | (Q: Nov. 2022 ) | |||||
= | -12.612 | / | ( (5.484 | + | 2.28) | / 2 ) | |
= | -12.612 | / | 3.882 | ||||
= | -324.88 % |
* 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 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 (Nov. 2022) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
NextPlay Technologies (OTCPK:NXTP) 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.
Thank you for viewing the detailed overview of NextPlay Technologies's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Timothy James Sikora | officer: Chief Information Officer | 133 N POMPANO BEACH BLVD, #1401, POMPANO BEACH FL 33062 |
Nutthaphol Rungsakhon | officer: Interim CFO | 1560 SAWGRASS CORPORATE PARKWAY, 4TH FLOOR, SUNRISE FL 33323 |
Red Anchor Trading Corp. | 10 percent owner | MORGAN & MORGAN BUILDING, PASEA ESTATE, PO BOX 958, ROAD TOWN, TORTOLA D8 00000 |
Nextplay Holdings Llc | other: Group | 1013 CENTRE STREET, SUITE 403-B 87-1942169, WILMINGTON DE 19805 |
Nithinan Boonyawattanapisut | director, 10 percent owner, officer: Co-CEO | 999/194 MOOBAAN KESINEE VILLE, PRACHA UTIT ROAD, BANGKOK W1 10310 |
John Todd Bonner | director | 999/194 MOOBAAN KESINEE VILLE, PRACHA UTIT ROAD, BANGKOK W1 10310 |
Found Side Ltd | other: Group | PGCS LTD., 2ND FLOOR, THE QUADRANT, MANGLIER STREET, VICTORIA, MAHE T2 00000 |
Cern One Ltd | other: Group | MORGAN & MORGAN BUILDING, PASEA ESTATE, PO BOX 958, ROAD TOWN, TORTOLA D8 00000 |
Gardner Edward Terrence Jr. | director | 1560 SAWGRASS CORPORATE PARKWAY, SUITE 130, SUNRISE FL 33323 |
Farooq Moosa | director | 1560 SAWGRASS CORPORATE PARKWAY, SUITE 130, SUNRISE FL 33323 |
Yoshihiro Obata | director | 4-9-34-303 MINAMIAZABU, MINATO-KU, TOKYOI M0 106-0047 |
Carmen L Diges | director | 150 KING ST. WEST, SUITE 2800, TORONTO A6 M5H 1J9 |
Thanin Pornsiritivet | other: Part of 10% owner group | 5/150 WATCHARAPHON ROAD, THA RENG SUBDISTRICT, BANG KHEN DISTRICT, BANGKOK W1 10220 |
Andrew James Greaves | officer: Chief Operating Officer | HALLFARM, WINGERWORTH, CHESTERFIELD X0 S42 6PL |
Stacey Donna Riddell | director | 3210 S OCEAN BLVD., APT 602, HIGHLAND BEACH FL 33487 |
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