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Cannibble Food Tech (XCNQ:PLCN) Return-on-Tangible-Equity
What is Cannibble Food Tech 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. Cannibble Food Tech's annualized net income for the quarter that ended in Sep. 2023 was C$-2.33 Mil. Cannibble Food Tech's average shareholder tangible equity for the quarter that ended in Sep. 2023 was C$-3.59 Mil. Therefore, Cannibble Food Tech's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was N/A%.
The historical rank and industry rank for Cannibble Food Tech's Return-on-Tangible-Equity or its related term are showing as below:
XCNQ:PLCN's Return-on-Tangible-Equity is not ranked *
in the Drug Manufacturers industry.
Industry Median: 6.585 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Cannibble Food Tech Return-on-Tangible-Equity Historical Data
The historical data trend for Cannibble Food Tech'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.
Competitive Comparison of Cannibble Food Tech's Return-on-Tangible-Equity
For the Drug Manufacturers - Specialty & Generic subindustry, Cannibble Food Tech'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.
Cannibble Food Tech's Return-on-Tangible-Equity Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Cannibble Food Tech's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Cannibble Food Tech's Return-on-Tangible-Equity falls into.
* 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 (Sep. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Cannibble Food Tech Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Cannibble Food Tech's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Cannibble Food Tech (XCNQ:PLCN) Business Description
Cannibble Food Tech Ltd develops and manufactures powder food mix products that are enhanced variously with hemp seeds, hemp protein, CBD, and THC. The company has developed proprietary formulas for powder-based edibles that are subsequently enhanced with active cannabinoids, which it markets under the brand name "The Pelicann".
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