Playground Ventures (XCNQ:PLAY) Return-on-Tangible-Equity : 0.00% (As of Mar. 2024)

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What is Playground Ventures 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. Playground Ventures's annualized net income for the quarter that ended in Mar. 2024 was C$-0.10 Mil. Playground Ventures's average shareholder tangible equity for the quarter that ended in Mar. 2024 was C$-0.37 Mil. Therefore, Playground Ventures's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was N/A%.

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

XCNQ:PLAY's Return-on-Tangible-Equity is not ranked ^*
in the Interactive Media industry.
Industry Median: 3.575
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Playground Ventures Return-on-Tangible-Equity Historical Data

The historical data trend for Playground Ventures'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.

Playground Ventures Return-on-Tangible-Equity Chart

Playground Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Return-on-Tangible-Equity

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-251.21

-4,235.42

Playground Ventures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Return-on-Tangible-Equity	Get a 7-Day Free Trial															-35,700.68	-	-	-	-

Competitive Comparison of Playground Ventures's Return-on-Tangible-Equity

For the Electronic Gaming & Multimedia subindustry, Playground Ventures'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.

Playground Ventures's Return-on-Tangible-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Playground Ventures's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Playground Ventures's Return-on-Tangible-Equity falls into.

Playground Ventures Return-on-Tangible-Equity Calculation

Playground Ventures'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: Dec. 2021 )		(A: Dec. 2022 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-7.772	/	( (1.311	+	-0.944 )	/ 2 )
	=	-7.772	/	0.1835
	=	-4,235.42 %

Playground Ventures's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-0.1	/	( (-0.33	+	-0.415)	/ 2 )
	=	-0.1	/	-0.3725
	=	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 (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Playground Ventures (XCNQ:PLAY) 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.

Playground Ventures Return-on-Tangible-Equity Related Terms

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Playground Ventures (XCNQ:PLAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Playground Ventures Inc (XCNQ:PLAY) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100-736 Granville Street, Vancouver, BC, CAN, V6Z 1G3

Website

http://www.playgroundventures.com

Playground Ventures Inc, formerly Blocplay Entertainment Inc is a Canada-based video game publisher that publishes video games that either develop internally or engage a video game developer to build. The company is mainly engaged in the business of software games development and related services. The company derives its revenue from development fees, which is contract-specific for the development of technology; and online game sales, and platform sales.

Executives

Damien Edward Reynolds

10% Security Holder