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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. Provention Bio's annualized net income for the quarter that ended in Dec. 2022 was $-133.11 Mil. Provention Bio's average shareholder tangible equity for the quarter that ended in Dec. 2022 was $103.53 Mil. Therefore, Provention Bio's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2022 was -128.57%.
The historical rank and industry rank for Provention Bio's Return-on-Tangible-Equity or its related term are showing as below:
During the past 7 years, Provention Bio's highest Return-on-Tangible-Equity was -61.04%. The lowest was -131.27%. And the median was -96.71%.
The historical data trend for Provention Bio'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.
Provention Bio Annual Data | ||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -66.35 | -61.04 | -102.03 | -103.18 | -131.27 |
Provention Bio Quarterly Data | ||||||||||||||||||||
Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -84.39 | -85.75 | -137.37 | -102.51 | -128.57 |
For the Biotechnology subindustry, Provention Bio'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.
For the Biotechnology industry and Healthcare sector, Provention Bio's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Provention Bio's Return-on-Tangible-Equity falls into.
Provention Bio's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | -113.565 | / | ( (110.734 | + | 62.288 ) | / 2 ) | |
= | -113.565 | / | 86.511 | ||||
= | -131.27 % |
Provention Bio's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2022 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Dec. 2022 ) | (Q: Sep. 2022 ) | (Q: Dec. 2022 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2022 ) | (Q: Sep. 2022 ) | (Q: Dec. 2022 ) | |||||
= | -133.108 | / | ( (144.769 | + | 62.288) | / 2 ) | |
= | -133.108 | / | 103.5285 | ||||
= | -128.57 % |
* 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 (Dec. 2022) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Provention Bio (NAS:PRVB) 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.
Thank you for viewing the detailed overview of Provention Bio's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Sessa Capital (master), L.p. | 10 percent owner | 888 SEVENTH AVENUE, 30TH FLOOR, NEW YORK NY 10019 |
Ashleigh Palmer | director, 10 percent owner, officer: President and CEO | PROVENTION BIO, INC., 110 OLD DRIFTWAY LANE, LEBANON NJ 08833 |
Francisco Leon | director, 10 percent owner, officer: Chief Scientific Officer | C/O PROVENTION BIO, INC., 110 OLD DRIFTWAY LANE, LEBANON NJ 08833 |
Jason Hoitt | officer: Chief Commercial Officer | C/O DOVA PHARMACEUTICALS, INC., 240 LEIGH FARM ROAD, SUITE 245, DURHAM NC 27707 |
Justin Vogel | officer: Chief Accounting Officer | C/O PROVENTION BIO, INC., 55 BROAD STREET, RED BANK NJ 07701 |
Rita Jain | director | C/O AKEBIA THERAPEUTICS, INC., 245 FIRST STREET, SUITE 1100, CAMBRIDGE MA 02142 |
Sarah O'brien | officer: Chief People Officer | C/O PROVENTION BIO, INC., 55 BROAD STREET, RED BANK NJ 07701 |
Sessa Capital Im, L.p. | 10 percent owner | 888 SEVENTH AVENUE, 30TH FLOOR, NEW YORK NY 10019 |
John Petry | 10 percent owner | 888 SEVENTH AVENUE, 30TH FLOOR, NEW YORK NY 10019 |
Sessa Capital Gp, Llc | 10 percent owner | 888 SEVENTH AVENUE, 30TH FLOOR, NEW YORK NY 10019 |
Sessa Capital Im Gp, Llc | 10 percent owner | 888 SEVENTH AVENUE, 30TH FLOOR, NEW YORK NY 10019 |
Miyoko Christina Yi | officer: Chief Operations Officer | C/O PROVENTION BIO, INC., 55 BROAD STREET, 2ND FLOOR, RED BANK NJ 07701 |
Benedict Osorio | officer: Chief Quality Officer | ONE WORLD TRADE CENTER, 47TH FLOOR, SUITE J, NEW YORK NY 10007 |
Eleanor Ramos | officer: Chief Medical Officer & COO | ZYMOGENETICS, INC., 1201 EASTLAKE AVENUE E, SEATTLE WA 98102 |
Thierry Chauche | officer: Chief Financial Officer | C/O PROVENTION BIO, INC., 55 BROAD STREET, 2ND FLOOR, RED BANK NJ 07701 |
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