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Coin Citadel (Coin Citadel) Return-on-Tangible-Equity : 0.00% (As of Jun. 2023)


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What is Coin Citadel 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. Coin Citadel's annualized net income for the quarter that ended in Jun. 2023 was $ Mil. Coin Citadel's average shareholder tangible equity for the quarter that ended in Jun. 2023 was $ Mil. Therefore, Coin Citadel's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 was %.

The historical rank and industry rank for Coin Citadel's Return-on-Tangible-Equity or its related term are showing as below:

CCTL's Return-on-Tangible-Equity is not ranked *
in the Capital Markets industry.
Industry Median: 5.64
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Coin Citadel Return-on-Tangible-Equity Historical Data

The historical data trend for Coin Citadel'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.

* Premium members only.

Coin Citadel Return-on-Tangible-Equity Chart

Coin Citadel Annual Data
Trend
Return-on-Tangible-Equity

Coin Citadel Semi-Annual Data
Jun23
Return-on-Tangible-Equity -

Competitive Comparison of Coin Citadel's Return-on-Tangible-Equity

For the Capital Markets subindustry, Coin Citadel'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.


Coin Citadel's Return-on-Tangible-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Coin Citadel's Return-on-Tangible-Equity distribution charts can be found below:

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



Coin Citadel Return-on-Tangible-Equity Calculation

Coin Citadel's annualized Return-on-Tangible-Equity for the fiscal year that ended in . 20 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=/( (+ )/ )
=/
= %

Coin Citadel's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2023 )  (Q: . 20 )(Q: Jun. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2023 )  (Q: . 20 )(Q: Jun. 2023 )
=/( (+)/ )
=/
= %

* 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 one times the annual (Jun. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Coin Citadel  (OTCPK:CCTL) 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.


Coin Citadel Return-on-Tangible-Equity Related Terms

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


Coin Citadel (Coin Citadel) Business Description

Traded in Other Exchanges
N/A
Address
401 Ryland Street, Reno, NV, USA, 89502
Coin Citadel is a Fintech company. The company is engaged in the bitcoin, blockchain, and digital currency industries. Coin Citadel mines Bitcoin Cash (BCH), Bitcoin Satoshi Vision (BSV), and other Secure Hash Algorithm (SHA) 256 based protocol cryptocurrencies. Coin Citadel also owns additional miners from other manufacturers which mine Litecoin (LTC), Zcash (ZEC), and Ethereum (ETH).

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