Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Canterbury Park Holding Corporation (CPHC) had Return on Tangible Equity of 12.91% for the most recently reported fiscal year, ending 2023-12-31.

Quarterly Annual

Figures for fiscal year ending 2023-12-31

Income Statement Financials
Revenue	$61.44M
Net Income	$10.56M
Cost of Goods Sold	$12.63M
Gross Profit	$48.80M
Operating Expenses	$49.94M
Operating Income	$11.50M
Non-Operating Income/Expense	$3.48M
Pre-Tax Income	$14.98M
Normalized Pre-Tax Income	$14.98M
Income after Taxes	$10.56M
Income from Continuous Operations	$10.56M
Consolidated Net Income/Loss	$10.56M
Normalized Income after Taxes	$10.56M
EBIT	$11.50M
EBITDA	$14.65M
Weighted-Average Shares Outstanding (Basic)	4.92M
Weighted-Average Shares Outstanding (Diluted)	4.95M
Earnings per Share (EPS) (Basic)	$2.15
Earnings per Share (EPS) (Diluted)	$2.13
Balance Sheet Financials
Current Assets	$36.30M
Property, Plant, and Equipment	$44.20M
Long-Term Assets	$68.37M
Total Assets	$104.68M
Current Liabilities	$11.08M
Long-Term Debt	$0.01M
Long-Term Liabilities	$11.80M
Total Liabilities	$22.88M
Common Equity	$81.80M
Tangible Shareholders Equity	$81.80M
Shareholders Equity	$81.80M
Common Shares Outstanding	4.96M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$11.54M
Cash Flow from Investing Activities	$-0.46M
Cash Flow from Financial Activities	$-1.35M
Beginning Cash	$16.11M
End Cash	$25.84M
Increase/Decrease in Cash	$9.74M
Stock-Based Compensation	$1.38M
Common Stock Dividends Paid	$-1.38M
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	3.28
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.00
Debt to Equity Ratio	0.00
Gross Margin	79.44%
Operating Margin	18.72%
EBIT Margin	18.72%
EBITDA Margin	23.84%
Pre-Tax Profit Margin	24.38%
Profit Margin	17.19%
Free Cash Flow	$12.02M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.59
Inventory Turnover	50.66
Receiveable Turnover	13.45
Days Sales in Receivables	27.14
Return on Equity	12.91%
Return on Tangible Equity	12.91%
Return on Assets	10.09%
Return on Investments	12.91%
Book Value Per Share	$16.48
Free Cash Flow per Share	$2.43
Operating Cash Flow per Share	$2.33

Data from Zacks Investment Research, Inc.