RevenueNet IncomeP/EP/SEBITDividendStocksMarket capitalizationDebtLiabilitiesEquityAAQSEmployeesROEROAROCE
Nova Cannabis Stock

Nova Cannabis ROA 2024

Nova Cannabis ROA

0.02

Ticker

NOVC.TO

ISIN

CA66980W1041

WKN

A3CMK3

In 2024, Nova Cannabis's return on assets (ROA) was 0.02, a -124.59% increase from the -0.1 ROA in the previous year.

Nova Cannabis Aktienanalyse

What does Nova Cannabis do?

Nova Cannabis ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Nova Cannabis's Return on Assets (ROA)

Nova Cannabis's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Nova Cannabis's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Nova Cannabis's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Nova Cannabis’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Nova Cannabis stock

What is the Return on Assets (ROA) of Nova Cannabis this year?

The Return on Assets (ROA) of Nova Cannabis is 0.02 undefined this year.

What was the ROA of Nova Cannabis compared to the previous year?

The ROA of Nova Cannabis has increased by -124.59% compared to the previous year.

What consequences do high ROA have for investors of Nova Cannabis?

A high ROA is advantageous for investors of Nova Cannabis, as it indicates that the company efficiently utilizes its assets and generates good profits.

What are the consequences of low ROA for investors in Nova Cannabis?

A low ROA can be unfavorable for investors of Nova Cannabis as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.

How does an increase in the ROA of Nova Cannabis affect the company?

An increase in ROA of Nova Cannabis can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Nova Cannabis impact the company?

A reduction in the ROA of Nova Cannabis can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Nova Cannabis?

Some factors that can influence the ROA of Nova Cannabis include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Nova Cannabis important for investors?

The ROA of Nova Cannabis is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.

What strategic measures can Nova Cannabis take to improve ROA?

To improve ROA, Nova Cannabis can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.

How much dividend does Nova Cannabis pay?

Over the past 12 months, Nova Cannabis paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Nova Cannabis is expected to pay a dividend of 0 CAD.

What is the dividend yield of Nova Cannabis?

The current dividend yield of Nova Cannabis is .

When does Nova Cannabis pay dividends?

Nova Cannabis pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Nova Cannabis?

Nova Cannabis paid dividends every year for the past 0 years.

What is the dividend of Nova Cannabis?

For the upcoming 12 months, dividends amounting to 0 CAD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Nova Cannabis located?

Nova Cannabis is assigned to the 'Cyclical consumption' sector.

Wann musste ich die Aktien von Nova Cannabis kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Nova Cannabis from 8/18/2024 amounting to 0 CAD, you needed to have the stock in your portfolio before the ex-date on 8/18/2024.

When did Nova Cannabis pay the last dividend?

The last dividend was paid out on 8/18/2024.

What was the dividend of Nova Cannabis in the year 2023?

In the year 2023, Nova Cannabis distributed 0 CAD as dividends.

In which currency does Nova Cannabis pay out the dividend?

The dividends of Nova Cannabis are distributed in CAD.

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Andere Kennzahlen von Nova Cannabis

Our stock analysis for Nova Cannabis Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Nova Cannabis Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.