TUT Fitness Group (TSXV:GYM.H) ROE %: -605.61% (As of Mar. 2024)


What is TUT Fitness Group ROE %?

TUT Fitness Group TSXV:GYM.H ROE % is -605.61% as of Mar. 2024.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. TUT Fitness Group's annualized net income for the quarter that ended in Mar. 2024 was C$-0.65 Mil. TUT Fitness Group's average Total Stockholders Equity over the quarter that ended in Mar. 2024 was C$0.11 Mil. Therefore, TUT Fitness Group's annualized ROE % for the quarter that ended in Mar. 2024 was -605.61%.

The historical rank and industry rank for TUT Fitness Group's ROE % or its related term are showing as below:

TSXV:GYM.H's ROE % is not ranked *
in the Travel & Leisure industry.
Industry Median: 5.485
* Ranked among companies with meaningful ROE % only.

TUT Fitness Group  (TSXV:GYM.H) 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: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-0.648/0.107
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.648 / 0.296)*(0.296 / 0.776)*(0.776 / 0.107)
=Net Margin %*Asset Turnover*Equity Multiplier
=-218.92 %*0.3814*7.2523
=ROA %*Equity Multiplier
=-83.5 %*7.2523
=-605.61 %

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: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-0.648/0.107
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-0.648 / -0.648) * (-0.648 / -0.792) * (-0.792 / 0.296) * (0.296 / 0.776) * (0.776 / 0.107)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.8182 * -267.57 % * 0.3814 * 7.2523
=-605.61 %

Note: The net income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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.


TUT Fitness Group ROE % Related Terms


TUT Fitness Group ROE % Historical Data

* Premium members only.

The historical data trend for TUT Fitness Group'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.

TUT Fitness Group ROE % Chart

TUT Fitness Group Annual Data
Trend Sep21 Sep22 Sep23
ROE %
-61.11 -66.56 -170.50

TUT Fitness Group Quarterly Data
Aug20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -79.96 -55.97 -539.57 -416.61 -605.61

TSXV:GYM.H vs MAT, HAS, PLNT: ROE % Comparison

For the Leisure subindustry, TUT Fitness Group'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.


TUT Fitness Group ROE % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, TUT Fitness Group's ROE % distribution charts can be found below:

* The bar in red indicates where TUT Fitness Group's ROE % falls into.



TUT Fitness Group ROE % Calculation

TUT Fitness Group's annualized ROE % for the fiscal year that ended in Sep. 2023 is calculated as

ROE %=Net Income (A: Sep. 2023 )/( (Total Stockholders Equity (A: Sep. 2022 )+Total Stockholders Equity (A: Sep. 2023 ))/ count )
=-2.231/( (2.225+0.392)/ 2 )
=-2.231/1.3085
=-170.50 %

TUT Fitness Group's annualized ROE % for the quarter that ended in Mar. 2024 is calculated as

ROE %=Net Income (Q: Mar. 2024 )/( (Total Stockholders Equity (Q: Dec. 2023 )+Total Stockholders Equity (Q: Mar. 2024 ))/ count )
=-0.648/( (0.186+0.028)/ 2 )
=-0.648/0.107
=-605.61 %

* 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 (Mar. 2024) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -605.61% mean?
TUT Fitness Group (TSXV:GYM.H) has a ROE % of -605.61% as of Mar. 2024. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on TUT Fitness Group and its competitors.
Is TUT Fitness Group's ROE % too high?
TUT Fitness Group's current ROE % is -605.61%.
How does TUT Fitness Group's ROE % compare to MAT and HAS?
TUT Fitness Group's ROE % of -605.61% can be compared against companies in the Travel & Leisure industry. The industry median ROE % is 5.49. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Travel & Leisure company?
The median ROE % among Travel & Leisure companies is 5.49, based on 824 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on TUT Fitness Group and its competitors. For the Travel & Leisure industry, the median ROE % is 5.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TUT Fitness Group's current ROE % is -605.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TUT Fitness Group stock overvalued right now?
TUT Fitness Group (TSXV:GYM.H) has a current ROE % of -605.61%. The current ROE % is -605.61%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For TUT Fitness Group (TSXV:GYM.H), the current ROE % is -605.61% as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

TUT Fitness Group Business Description

Address 17277, 56 Avenue, Suite 112, Surrey, BC, CAN, V3S 1C2
TUT Fitness Group Inc is a fitness company. engaged in design, development, and distribution of patented fitness equipment. It designs and manufactures the smallest, more affordable, high-performance home gyms, that can be assembled and disassembled in minutes, and stored almost anywhere.