Return on Tangible Equity (Quarterly)

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

Covia (CVIA) had Return on Tangible Equity of 33.76% for the most recently reported fiscal quarter, ending 2020-09-30.

Quarterly Annual

Figures for fiscal quarter ending 2020-09-30

Income Statement Financials
Revenue	$229.36M
Net Income	$-205.85M
Cost of Goods Sold	$165.84M
Gross Profit	$63.52M
Operating Expenses	$221.79M
Operating Income	$7.57M
Non-Operating Income/Expense	$-216.72M
Pre-Tax Income	$-209.16M
Normalized Pre-Tax Income	$5.18M
Income after Taxes	$-205.88M
Income from Continuous Operations	$-205.88M
Consolidated Net Income/Loss	$-205.88M
Normalized Income after Taxes	$11.82M
EBIT	$7.57M
EBITDA	$35.30M
Weighted-Average Shares Outstanding (Basic)	130.95M
Weighted-Average Shares Outstanding (Diluted)	130.95M
Earnings per Share (EPS) (Basic)	$-1.57
Earnings per Share (EPS) (Diluted)	$-1.57
Balance Sheet Financials
Current Assets	$606.15M
Property, Plant, and Equipment	$1.05B
Long-Term Assets	$1.30B
Total Assets	$1.91B
Current Liabilities	$119.00M
Long-Term Debt	$0.86M
Long-Term Liabilities	$2.25B
Total Liabilities	$2.37B
Common Equity	$-461.69M
Tangible Shareholders Equity	$-609.90M
Shareholders Equity	$-461.69M
Common Shares Outstanding	132.10M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$4.66M
Cash Flow from Investing Activities	$-24.87M
Cash Flow from Financial Activities	$-10.52M
Beginning Cash	$319.48M
End Cash	$286.49M
Increase/Decrease in Cash	$-32.99M
Stock-Based Compensation	$1.98M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	5.09
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	27.70%
Operating Margin	3.30%
EBIT Margin	3.30%
EBITDA Margin	--
Pre-Tax Profit Margin	-91.19%
Profit Margin	-89.75%
Free Cash Flow	$-19.24M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.12
Inventory Turnover	1.56
Receiveable Turnover	1.23
Days Sales in Receivables	72.88
Return on Equity	44.59%
Return on Tangible Equity	33.76%
Return on Assets	-10.78%
Return on Investments	44.68%
Book Value Per Share	$-3.50
Free Cash Flow per Share	$-0.15
Operating Cash Flow per Share	$0.04

Data from Zacks Investment Research, Inc.