Cannabis Global (Cannabis Global) Return-on-Tangible-Equity : 0.00% (As of May. 2022)

Cannabis Global Return-on-Tangible-Equity Chart

Cannabis Global Annual Data
	Trend	Aug12	Aug13	Aug14	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21
Return-on-Tangible-Equity		Get a 7-Day Free Trial					-	-	-	-	-

Cannabis Global Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Return-on-Tangible-Equity	Get a 7-Day Free Trial															-	-	Negative Tangible Equity	-	-

Competitive Comparison of Cannabis Global's Return-on-Tangible-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Cannabis Global'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.

Cannabis Global's Return-on-Tangible-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Cannabis Global's Return-on-Tangible-Equity distribution charts can be found below:

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

Cannabis Global Return-on-Tangible-Equity Calculation

Cannabis Global's annualized Return-on-Tangible-Equity for the fiscal year that ended in Aug. 2021 is calculated as

Cannabis Global's annualized Return-on-Tangible-Equity for the quarter that ended in May. 2022 is calculated as

* 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 (May. 2022) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Cannabis Global  (OTCPK:CBGL) 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.

Cannabis Global Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Cannabis Global's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Cannabis Global (Cannabis Global) Business Description