Comprehensive Healthcare Systems (TSXV:CHS) Return-on-Tangible-Equity : 0.00% (As of Sep. 2023)

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What is Comprehensive Healthcare Systems 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. Comprehensive Healthcare Systems's annualized net income for the quarter that ended in Sep. 2023 was C$-6.09 Mil. Comprehensive Healthcare Systems's average shareholder tangible equity for the quarter that ended in Sep. 2023 was C$-6.87 Mil. Therefore, Comprehensive Healthcare Systems's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was N/A%.

The historical rank and industry rank for Comprehensive Healthcare Systems's Return-on-Tangible-Equity or its related term are showing as below:

TSXV:CHS's Return-on-Tangible-Equity is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 10.555
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Comprehensive Healthcare Systems Return-on-Tangible-Equity Historical Data

The historical data trend for Comprehensive Healthcare Systems'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.

Comprehensive Healthcare Systems Return-on-Tangible-Equity Chart

Comprehensive Healthcare Systems Annual Data

Trend

Jan19

Jan20

Jan21

Dec22

Return-on-Tangible-Equity

-57.49

-21.30

Comprehensive Healthcare Systems Quarterly Data
	Oct18	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Return-on-Tangible-Equity	Get a 7-Day Free Trial														-	-	-	-	-

Competitive Comparison of Comprehensive Healthcare Systems's Return-on-Tangible-Equity

For the Health Information Services subindustry, Comprehensive Healthcare Systems'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.

Comprehensive Healthcare Systems's Return-on-Tangible-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Comprehensive Healthcare Systems's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Comprehensive Healthcare Systems's Return-on-Tangible-Equity falls into.

Comprehensive Healthcare Systems Return-on-Tangible-Equity Calculation

Comprehensive Healthcare Systems's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2022 )		(A: Jan. 2021 )		(A: Dec. 2022 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2022 )		(A: Jan. 2021 )		(A: Dec. 2022 )
	=	-6.939	/	( (0.336	+	-4.275 )	/ 2 )
	=	-6.939	/	-1.9695
	=	N/A %

Comprehensive Healthcare Systems's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-6.088	/	( (-6.072	+	-7.668)	/ 2 )
	=	-6.088	/	-6.87
	=	N/A %

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

Comprehensive Healthcare Systems (TSXV:CHS) 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.

Comprehensive Healthcare Systems Return-on-Tangible-Equity Related Terms

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