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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Novo Integrated Sciences's annualized net income for the quarter that ended in Feb. 2024 was $-10.98 Mil. Novo Integrated Sciences's average Total Stockholders Equity over the quarter that ended in Feb. 2024 was $22.89 Mil. Therefore, Novo Integrated Sciences's annualized ROE % for the quarter that ended in Feb. 2024 was -47.99%.
The historical rank and industry rank for Novo Integrated Sciences's ROE % or its related term are showing as below:
During the past 13 years, Novo Integrated Sciences's highest ROE % was -3.04%. The lowest was -507.69%. And the median was -36.95%.
The historical data trend for Novo Integrated Sciences'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.
Novo Integrated Sciences Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Aug17 | Aug18 | Aug19 | Aug20 | Aug21 | Aug22 | Aug23 | |||||||||||
ROE % | Get a 7-Day Free Trial | -3.04 | -17.81 | -12.14 | -99.29 | -56.09 |
Novo Integrated Sciences Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
ROE % | Get a 7-Day Free Trial | -76.70 | -22.25 | -49.20 | -77.36 | -47.99 |
For the Medical Care Facilities subindustry, Novo Integrated Sciences'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.
For the Healthcare Providers & Services industry and Healthcare sector, Novo Integrated Sciences's ROE % distribution charts can be found below:
* The bar in red indicates where Novo Integrated Sciences's ROE % falls into.
Novo Integrated Sciences's annualized ROE % for the fiscal year that ended in Aug. 2023 is calculated as
ROE % | = | Net Income (A: Aug. 2023 ) | / | ( (Total Stockholders Equity (A: Aug. 2022 ) | + | Total Stockholders Equity (A: Aug. 2023 )) | / count ) |
= | -13.215 | / | ( (22.305 | + | 24.816) | / 2 ) | |
= | -13.215 | / | 23.5605 | ||||
= | -56.09 % |
Novo Integrated Sciences's annualized ROE % for the quarter that ended in Feb. 2024 is calculated as
ROE % | = | Net Income (Q: Feb. 2024 ) | / | ( (Total Stockholders Equity (Q: Nov. 2023 ) | + | Total Stockholders Equity (Q: Feb. 2024 )) | / count ) |
= | -10.984 | / | ( (23.583 | + | 22.189) | / 2 ) | |
= | -10.984 | / | 22.886 | ||||
= | -47.99 % |
* 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 (Feb. 2024) net income data. ROE % is displayed in the 30-year financial page.
Novo Integrated Sciences (NAS:NVOS) 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: Feb. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -10.984 | / | 22.886 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-10.984 / 12.684) | * | (12.684 / 36.0965) | * | (36.0965 / 22.886) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -86.6 % | * | 0.3514 | * | 1.5772 |
= | ROA % | * | Equity Multiplier | ||
= | -30.43 % | * | 1.5772 | ||
= | -47.99 % |
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: Feb. 2024 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | -10.984 | / | 22.886 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-10.984 / -10.984) | * | (-10.984 / -6.16) | * | (-6.16 / 12.684) | * | (12.684 / 36.0965) | * | (36.0965 / 22.886) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 1 | * | 1.7831 | * | -48.57 % | * | 0.3514 | * | 1.5772 |
= | -47.99 % |
Note: The net income data used here is four times the quarterly (Feb. 2024) net income data. The Revenue data used here is four times the quarterly (Feb. 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.
Thank you for viewing the detailed overview of Novo Integrated Sciences's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sarfaraz Ali | director | C/O NOVO INTEGRATED SCIENCES, INC.,, 11120 NE 2ND STREET, SUITE 100, BELLEVUE WA 98004 |
Robert Letterio Oliva | director | 115 BELFIELD RD, TORONTO A6 L0J 1C0 |
Sterling M. Jimenez | officer: Principal Financial Officer | C/O NOVO INTEGRATED SCIENCES, INC.,, 11120 NE 2ND STREET, SUITE 100, BELLEVUE WA 98004 |
Michael Ross Pope | director | 1045 PROGRESS CIRCLE, LAWRENCEVILLE, GEORGIA GA 30043 |
Alex Flesias | director | 41 LANDMARK COURT, UNIONVILLE A6 L3R 9N7 |
Michael Joseph Gaynor | director | 49 BALMORAL ST, KEMPTVILLE A6 K0G 1J0 |
Robert Mattacchione | director, 10 percent owner, officer: Chief Executive Officer | 79 SELVAPIANO CRES, WOODBRIDGE A6 L4H 0X1 |
Pierre Joseph Dalcourt | director, 10 percent owner | 35 BRYANT ST , BOX 2230, HEARST A6 P0L 1N0 |
Christopher Mehlin David | director, officer: President | 10425 SE 22ND ST., BELLEVUE WA 98004 |
Thomas Edward Bray | officer: Principal Financial Officer | C/O NOVO INTEGRATED SCIENCES, INC., 11120 NE 2ND STREET, SUITE 100, BELLEVUE WA 98004 |
Rebecca Aw Mcdonald | officer: Chief Accounting Officer | 1301 INTERNATIONAL SPEEDWAY BLVD., DELAND FL 32724 |
James Jr Teters | director | 1200 FLIGHTLINE BLVD, STE 5, DELAN FL 32724 |
Phyllis Rouse | officer: secretary | 1200 FLIGHLINE BLVD,, SUITE 5, DELAND FL 32724 |
Jay Hilden | officer: President & CEO | 1200 FLIGHLINE BLVD,, SUITE 5, DELAND FL 32724 |
Robert Adamo | director | 1200 FLIGHTLINE BOULEVARD, SUITE 5, DELAND FL 32724 |
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