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ZenaTech (NAS:ZENA) ROE % : -28.69% (As of Sep. 2024)


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What is ZenaTech ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. ZenaTech's annualized net income for the quarter that ended in Sep. 2024 was $-2.03 Mil. ZenaTech's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was $7.08 Mil. Therefore, ZenaTech's annualized ROE % for the quarter that ended in Sep. 2024 was -28.69%.

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

NAS:ZENA' s ROE % Range Over the Past 10 Years
Min: -22   Med: -6.16   Max: 0.24
Current: -6.3

During the past 7 years, ZenaTech's highest ROE % was 0.24%. The lowest was -22.00%. And the median was -6.16%.

NAS:ZENA's ROE % is ranked worse than
69.49% of 2625 companies
in the Software industry
Industry Median: 4.4 vs NAS:ZENA: -6.30

ZenaTech ROE % Historical Data

The historical data trend for ZenaTech'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.

ZenaTech ROE % Chart

ZenaTech Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial -22.00 -6.83 -6.16 0.24 -3.26

ZenaTech Quarterly Data
Sep18 Dec18 Sep19 Dec19 Sep20 Dec20 Sep21 Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24 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 -5.96 -12.44 15.46 -6.24 -28.69

Competitive Comparison of ZenaTech's ROE %

For the Software - Infrastructure subindustry, ZenaTech'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.


ZenaTech's ROE % Distribution in the Software Industry

For the Software industry and Technology sector, ZenaTech's ROE % distribution charts can be found below:

* The bar in red indicates where ZenaTech's ROE % falls into.



ZenaTech ROE % Calculation

ZenaTech'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 )
=-0.18/( (5.574+5.456)/ 2 )
=-0.18/5.515
=-3.26 %

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

ROE %=Net Income (Q: Sep. 2024 )/( (Total Stockholders Equity (Q: Mar. 2024 )+Total Stockholders Equity (Q: Sep. 2024 ))/ count )
=-2.032/( (5.946+8.22)/ 2 )
=-2.032/7.083
=-28.69 %

* 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.


ZenaTech  (NAS:ZENA) 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
=-2.032/7.083
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.032 / 0.968)*(0.968 / 14.848)*(14.848 / 7.083)
=Net Margin %*Asset Turnover*Equity Multiplier
=-209.92 %*0.0652*2.0963
=ROA %*Equity Multiplier
=-13.69 %*2.0963
=-28.69 %

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
=-2.032/7.083
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-2.032 / -2.032) * (-2.032 / -0.98) * (-0.98 / 0.968) * (0.968 / 14.848) * (14.848 / 7.083)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 2.0735 * -101.24 % * 0.0652 * 2.0963
=-28.69 %

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.


ZenaTech ROE % Related Terms

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


ZenaTech Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
69 Yonge Street, Suite 1404, Toronto, ON, CAN, M53 1K3
ZenaTech Inc is a enterprise software technology company that specializes in mission-critical cloud-based applications integrated with smart hardware to deliver innovative solutions across diverse industries. The Company operates in software development technology, sales, and distribution. The Company is also developing a drone manufacturing, sales, and distribution business. The company operates in two segments which is software development technology, sales, and distribution, as well as drone manufacturing, sales, and distribution.