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. LQR House's annualized net income for the quarter that ended in Mar. 2024 was $-9.71 Mil. LQR House's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $13.48 Mil. Therefore, LQR House's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -72.00%.
The historical rank and industry rank for LQR House's Return-on-Tangible-Equity or its related term are showing as below:
LQR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -310.1 Med: -216.21 Max: -159.46
Current: -301.29
During the past 3 years, LQR House's highest Return-on-Tangible-Equity was -159.46%. The lowest was -310.10%. And the median was -216.21%.
LQR's Return-on-Tangible-Equity is ranked worse than 96.6% of 206
companies
in the Beverages - Alcoholic industry
Industry Median: 10.475
vs LQR: -301.29
LQR House Return-on-Tangible-Equity Historical Data
The historical data trend for LQR House'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.
Competitive Comparison of LQR House's Return-on-Tangible-Equity
For the Beverages - Wineries & Distilleries subindustry, LQR House'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.
LQR House's Return-on-Tangible-Equity Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, LQR House's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where LQR House's Return-on-Tangible-Equity falls into.
LQR House Return-on-Tangible-Equity Calculation
LQR House's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
LQR House (NAS:LQR) 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.
LQR House Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of LQR House's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
LQR House Inc intends to become the full-service digital marketing and brand development face of the alcoholic beverage space. It also intends to integrate the supply, sales, and marketing facets of the alcoholic beverage space into one easy-to-use platform and become the one-stop shop for everything related to alcohol. The company's primary business includes the development of premium limited-batch spirit brands, establishing an exclusive wine club, and marketing internal and external brands through an exclusive agreement with a U.S.-based e-commerce portal. It believes that the marketing and brand management services it provides to its wholly owned and third-party clients will increase brand recognition thereof, and drive sales thereof through its e-commerce platform partner.
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