What is Loop Industries 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. Loop Industries's annualized net income for the quarter that ended in Feb. 2024 was €-18.88 Mil. Loop Industries's average shareholder tangible equity for the quarter that ended in Feb. 2024 was €13.88 Mil. Therefore, Loop Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2024 was -135.98%.
The historical rank and industry rank for Loop Industries's Return-on-Tangible-Equity or its related term are showing as below:
FRA:3L9'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -372.67 Med: -116.66 Max: -54.97
Current: -96
During the past 13 years, Loop Industries's highest Return-on-Tangible-Equity was -54.97%. The lowest was -372.67%. And the median was -116.66%.
FRA:3L9's Return-on-Tangible-Equity is ranked worse than 97.23% of 1518
companies
in the Chemicals industry
Industry Median: 5.865
vs FRA:3L9: -96.00
Loop Industries Return-on-Tangible-Equity Historical Data
The historical data trend for Loop Industries'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 Loop Industries's Return-on-Tangible-Equity
For the Specialty Chemicals subindustry, Loop Industries'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.
Loop Industries's Return-on-Tangible-Equity Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Loop Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Loop Industries's Return-on-Tangible-Equity falls into.
* 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 (Feb. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Loop Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Loop Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.
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