Super Nova Resources (Super Nova Resources) Return-on-Tangible-Equity : 0.00% (As of . 20)

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What is Super Nova Resources 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. Super Nova Resources's annualized net income for the quarter that ended in . 20 was $ Mil. Super Nova Resources's average shareholder tangible equity for the quarter that ended in . 20 was $ Mil. Therefore, Super Nova Resources's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 was %.

The historical rank and industry rank for Super Nova Resources's Return-on-Tangible-Equity or its related term are showing as below:

SNRR's Return-on-Tangible-Equity is not ranked ^*
in the Business Services industry.
Industry Median: 11.94
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Super Nova Resources Return-on-Tangible-Equity Historical Data

The historical data trend for Super Nova Resources'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.

Super Nova Resources Return-on-Tangible-Equity Chart

Super Nova Resources Annual Data

Trend

Return-on-Tangible-Equity

Super Nova Resources Quarterly Data

Return-on-Tangible-Equity

Competitive Comparison of Super Nova Resources's Return-on-Tangible-Equity

For the Staffing & Employment Services subindustry, Super Nova Resources'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.

Super Nova Resources's Return-on-Tangible-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Super Nova Resources's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Super Nova Resources's Return-on-Tangible-Equity falls into.

Super Nova Resources Return-on-Tangible-Equity Calculation

Super Nova Resources's annualized Return-on-Tangible-Equity for the fiscal year that ended in . 20 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

Super Nova Resources's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 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 (. 20) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Super Nova Resources (GREY:SNRR) 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.

Super Nova Resources Return-on-Tangible-Equity Related Terms

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

Super Nova Resources (Super Nova Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Super Nova Resources Inc (GREY:SNRR) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4148 Jameson Drive, Corona, CA, USA, 92881

Website

Super Nova Resources Inc provides human resource solutions and services to the employers. Its service offering features: Applicant Tracking, OnBoarding, and Performance Management software, Background Checks, Drug Testing, and E-Verify.

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