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BTTR (Better Choice Co) ROE % : 85.75% (As of Sep. 2024)


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What is Better Choice Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Better Choice Co's annualized net income for the quarter that ended in Sep. 2024 was $6.10 Mil. Better Choice Co's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was $7.12 Mil. Therefore, Better Choice Co's annualized ROE % for the quarter that ended in Sep. 2024 was 85.75%.

The historical rank and industry rank for Better Choice Co's ROE % or its related term are showing as below:

BTTR' s ROE % Range Over the Past 10 Years
Min: -43608.04   Med: -142.43   Max: 22.75
Current: -199.75

During the past 13 years, Better Choice Co's highest ROE % was 22.75%. The lowest was -43,608.04%. And the median was -142.43%.

BTTR's ROE % is ranked worse than
98.59% of 1841 companies
in the Consumer Packaged Goods industry
Industry Median: 6.8 vs BTTR: -199.75

Better Choice Co ROE % Historical Data

The historical data trend for Better Choice Co's ROE % 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.

Better Choice Co ROE % Chart

Better Choice Co Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -43,608.04 - 22.75 -99.03 -185.83

Better Choice Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -41.43 -651.32 -551.66 419.27 85.75

Competitive Comparison of Better Choice Co's ROE %

For the Packaged Foods subindustry, Better Choice Co's ROE %, along with its competitors' market caps and ROE % 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.


Better Choice Co's ROE % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Better Choice Co's ROE % distribution charts can be found below:

* The bar in red indicates where Better Choice Co's ROE % falls into.



Better Choice Co ROE % Calculation

Better Choice Co's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-22.77/( (21.528+2.978)/ 2 )
=-22.77/12.253
=-185.83 %

Better Choice Co's annualized ROE % for the quarter that ended in Sep. 2024 is calculated as

ROE %=Net Income (Q: Sep. 2024 )/( (Total Stockholders Equity (Q: Jun. 2024 )+Total Stockholders Equity (Q: Sep. 2024 ))/ count )
=6.104/( (3.938+10.299)/ 2 )
=6.104/7.1185
=85.75 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2024) net income data. ROE % is displayed in the 30-year financial page.


Better Choice Co  (AMEX:BTTR) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=6.104/7.1185
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(6.104 / 45.488)*(45.488 / 15.1285)*(15.1285 / 7.1185)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.42 %*3.0068*2.1252
=ROA %*Equity Multiplier
=40.35 %*2.1252
=85.75 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=6.104/7.1185
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (6.104 / 6.096) * (6.096 / -4.508) * (-4.508 / 45.488) * (45.488 / 15.1285) * (15.1285 / 7.1185)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0013 * -1.3523 * -9.91 % * 3.0068 * 2.1252
=85.75 %

Note: The net income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Better Choice Co ROE % Related Terms

Thank you for viewing the detailed overview of Better Choice Co's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Better Choice Co Business Description

Traded in Other Exchanges
N/A
Address
12400 Race Track Road, Tampa, FL, USA, 33626
Better Choice Co Inc is a pet health and wellness portfolio company, offering consumers a wide variety of recognized premium pet products and hemp-derived CBD supplements. Its portfolio includes kibble and canned dog and cat food, freeze-dried raw dog food and treats, vegan dog food and treats, oral care products, supplements and grooming aids. Its core products sold under the Halo brand are sustainably sourced, derived from real whole meat and no rendered meat meal and include non-GMO fruits and vegetables. Its core products sold under the TruDog brand are made according to nutritional philosophy of fresh, meat-based nutrition and minimal processing.
Executives
Michael Young director 12400 RACE TRACK ROAD, TAMPA FL 33626
Donald Young officer: EVP, Sales 12400 RACE TRACK ROAD, TAMPA FL 33626
Robert Sauermann officer: COO 12400 RACE TRACK ROAD, TAMPA FL 33626
Scott Lerner officer: CEO 12400 RACE TRACK ROAD, TAMPA FL 33626
Sharla A Cook officer: CFO 12400 RACE TRACK ROAD, TAMPA FL 33626
Word John M Iii director, 10 percent owner 12400 RACE TRACK ROAD, TAMPA FL 33626
Lionel F. Conacher director C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021
Arlene Dickinson director 12400 RACE TRACK ROAD, TAMPA FL 33626
Gil Fronzaglia director 12400 RACE TRACK ROAD, TAMPA FL 33626
Jeff D Davis director 12400 RACE TRACK ROAD, TAMPA FL 33626
Lori Taylor director 12400 RACE TRACK ROAD, TAMPA FL 33626
David Richard Lelong director, 10 percent owner, officer: President 70 WASHINGTON ST., APT. 6K, BROOKLYN NY 11201
Michael S Morrow director, 10 percent owner, officer: Chairman and President 4791 S KINGS ROW DRIVE APT 23, SALT LAKE CITY X1 84117-5993