What is AB International Group 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. AB International Group's annualized net income for the quarter that ended in Feb. 2024 was $-1.98 Mil. AB International Group's average shareholder tangible equity for the quarter that ended in Feb. 2024 was $-0.61 Mil. Therefore, AB International Group's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2024 was N/A%.
The historical rank and industry rank for AB International Group's Return-on-Tangible-Equity or its related term are showing as below:
During the past 10 years, AB International Group's highest Return-on-Tangible-Equity was 72.49%. The lowest was -371.38%. And the median was -59.60%.
ABQQ's Return-on-Tangible-Equity is not ranked *
in the Media - Diversified industry.
Industry Median: 5.3 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
AB International Group Return-on-Tangible-Equity Historical Data
The historical data trend for AB International Group'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.
* Premium members only.
AB International Group Return-on-Tangible-Equity Chart
Competitive Comparison of AB International Group's Return-on-Tangible-Equity
For the Entertainment subindustry, AB International Group'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.
AB International Group's Return-on-Tangible-Equity Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, AB International Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where AB International Group's Return-on-Tangible-Equity falls into.
AB International Group Return-on-Tangible-Equity Calculation
AB International Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Aug. 2023 is calculated as
* 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.
AB International Group (OTCPK:ABQQ) Return-on-Tangible-Equity Explanation
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.
AB International Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of AB International Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
AB International Group (AB International Group) Business Description
AB International Group Corp is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property, including the acquisition and distribution of movies. It is predominantly engaged in owning or leasing franchises, patents, and copyrights then in turn license others to use. The company is also engaged in other businesses such as providing Video streaming service under the brand name ABQQ.tv, Smartphone patent, NFT movie and music marketplace license business and operating AB movie theatres. The company has two reportable segments, Copyrights and license (IP) segment which generates majority of the revenue and cinema segment.
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