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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. Neptune Wellness Solutions's annualized net income for the quarter that ended in Dec. 2023 was $-71.00 Mil. Neptune Wellness Solutions's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $-27.78 Mil. Therefore, Neptune Wellness Solutions's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was N/A%.
The historical rank and industry rank for Neptune Wellness Solutions's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Neptune Wellness Solutions's highest Return-on-Tangible-Equity was 31.19%. The lowest was -219.69%. And the median was -41.14%.
The historical data trend for Neptune Wellness Solutions'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.
Neptune Wellness Solutions Annual Data | |||||||||||||||||||||
Trend | Feb13 | Feb14 | Feb15 | Feb16 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -35.25 | -91.01 | -209.85 | -219.69 | - |
Neptune Wellness Solutions Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | Negative Tangible Equity | - | - | - | - |
For the Drug Manufacturers - Specialty & Generic subindustry, Neptune Wellness Solutions'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 Drug Manufacturers industry and Healthcare sector, Neptune Wellness Solutions's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Neptune Wellness Solutions's Return-on-Tangible-Equity falls into.
Neptune Wellness Solutions's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Mar. 2023 ) | (A: Mar. 2022 ) | (A: Mar. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Mar. 2023 ) | (A: Mar. 2022 ) | (A: Mar. 2023 ) | |||||
= | -60.46 | / | ( (4.293 | + | -15.973 ) | / 2 ) | |
= | -60.46 | / | -5.84 | ||||
= | N/A % |
Neptune Wellness Solutions's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -70.996 | / | ( (-20.525 | + | -35.039) | / 2 ) | |
= | -70.996 | / | -27.782 | ||||
= | N/A % |
* 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. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Neptune Wellness Solutions (OTCPK:NEPTF) 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 Neptune Wellness Solutions's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Neptune Securities Settlement Fund | 10 percent owner | C/O POMERANTZ LLP, 10 S. LASALLE ST., SUITE 3505, CHICAGO IL 60603 |
Raymond Silcock | officer: Chief Financial Officer | 399 JEFFERSON ROAD, PARSIPPANY NJ 07054 |
Philip H Sanford | director | C/O CHATTEM INC, 1715 WEST 38TH STREET, CHATTANOOGA TN 37409 |
John Wirt | officer: See Remarks | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Michael Cammarata | director, officer: See Remarks | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Randy Weaver | officer: Chief Financial Officer | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Jessica Adkins | officer: See Remarks | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Cecil Demorris Brown | officer: See Remarks | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Joseph Buaron | director | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Julie Phillips | director | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Ronald Denis | director | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Emily Fletty | officer: See Remarks | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Geus Michael De | director | 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3 |
Blumont Capital Corp | 10 percent owner | 70 UNIVERSITY AVENUE, SUITE 1200, TORONTO A6 M5J 2M4 |
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