RTONOTCRetail-Miscellaneous RetailFiscal year ends March 31
Right On Brands, Inc.
Financials through Q3 FY2024, quarter ended Dec 31, 2023Last filing: 10-Q on Apr 15, 2024
$0.02−0.01 (-30.00%)
Close on Oct 19, 2026
- Market cap
- $535.46K
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2023
Gross margin
53.3%+32.8 pts over 5 years
Operating margin
-12.0%
Net margin
0.8%+8607.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2023
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +13.9% | +51.2% | +161.2% | – | |
| Gross profit | +37.6% | +205.2% | +216.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2014 | FY2018 | FY2023 | Trend |
|---|---|---|---|---|
| Return on equity | -244.9% | -52.4% | -1.6% | |
| Return on assets | – | -49.8% | 4.0% | |
| Current ratio | – | 19.14 | 0.23 | |
| Interest coverage | – | – | -11.6× | |
| Inventory turnover | – | 0.4× | 4.6× | |
| Capex to revenue | 151.4% | 14.1% | – | |
| Diluted shares | 0M | 0M | 24M |
Cash use needs five years of cash flow figures
Right On Brands does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.8%
×Asset turnover5.15×
×Equity multiplier-0.40×
=Return on equity, FY2023-1.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | 0.8% | 5.15× | -0.40× | -1.6% |
| FY2022 | -25.8% | 4.24× | -0.24× | 25.7% |
| FY2021 | -2374.8% | 0.33× | -0.13× | 103.0% |
| FY2020 | -1057.7% | 1.11× | -0.15× | 177.6% |
| FY2019 | -2378.7% | 0.15× | 2.73× | -974.5% |
| FY2018 | -8606.9% | 0.01× | 1.05× | -52.4% |
| FY2017 | -500558.6% | 0.01× | 29.55× | -81224.0% |
| FY2016 | -317.1% | 0.35× | -0.67× | 73.5% |
| FY2015 | -304.8% | 0.31× | -3.72× | 349.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2023 against fiscal 2022
5of 8 tests passed in fiscal 2023. Some tests lack the figures they need.
- ProfitableNet income above zero$8.73K
- Cash generatingOperating cash flow above zero-$66.11K
- Return on assets improvedROA up on the prior year-108.6% → 3.7%
- Earnings backed by cashOperating cash flow above net income-$66.11K vs $8.73K
- Less leverageLong-term debt to assets fell0.0% → –
- Better liquidityCurrent ratio rose0.20 → 0.23
- No dilutionShare count did not rise24M → 24M
- Gross margin improvedGross margin up on the prior year44.13% → 53.30%
- More efficientAsset turnover rose4.21 → 4.85