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Kiang Huat Sea Gull Trading Frozen Food PCL (BKK:CHOTI) Return-on-Tangible-Equity : -8.90% (As of Mar. 2024)


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What is Kiang Huat Sea Gull Trading Frozen Food PCL 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. Kiang Huat Sea Gull Trading Frozen Food PCL's annualized net income for the quarter that ended in Mar. 2024 was ฿-86 Mil. Kiang Huat Sea Gull Trading Frozen Food PCL's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ฿961 Mil. Therefore, Kiang Huat Sea Gull Trading Frozen Food PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -8.90%.

The historical rank and industry rank for Kiang Huat Sea Gull Trading Frozen Food PCL's Return-on-Tangible-Equity or its related term are showing as below:

BKK:CHOTI' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -17.35   Med: 1.79   Max: 12.5
Current: 12.5

During the past 13 years, Kiang Huat Sea Gull Trading Frozen Food PCL's highest Return-on-Tangible-Equity was 12.50%. The lowest was -17.35%. And the median was 1.79%.

BKK:CHOTI's Return-on-Tangible-Equity is ranked better than
65.25% of 1790 companies
in the Consumer Packaged Goods industry
Industry Median: 7.74 vs BKK:CHOTI: 12.50

Kiang Huat Sea Gull Trading Frozen Food PCL Return-on-Tangible-Equity Historical Data

The historical data trend for Kiang Huat Sea Gull Trading Frozen Food PCL'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.

Kiang Huat Sea Gull Trading Frozen Food PCL Return-on-Tangible-Equity Chart

Kiang Huat Sea Gull Trading Frozen Food PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.35 -16.82 4.78 11.90 10.78

Kiang Huat Sea Gull Trading Frozen Food PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -16.60 63.92 0.11 -3.89 -8.90

Competitive Comparison of Kiang Huat Sea Gull Trading Frozen Food PCL's Return-on-Tangible-Equity

For the Packaged Foods subindustry, Kiang Huat Sea Gull Trading Frozen Food PCL'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.


Kiang Huat Sea Gull Trading Frozen Food PCL's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kiang Huat Sea Gull Trading Frozen Food PCL's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Kiang Huat Sea Gull Trading Frozen Food PCL's Return-on-Tangible-Equity falls into.



Kiang Huat Sea Gull Trading Frozen Food PCL Return-on-Tangible-Equity Calculation

Kiang Huat Sea Gull Trading Frozen Food PCL's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=102.964/( (940.001+969.392 )/ 2 )
=102.964/954.6965
=10.78 %

Kiang Huat Sea Gull Trading Frozen Food PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=-85.572/( (969.392+952.854)/ 2 )
=-85.572/961.123
=-8.90 %

* 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 (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Kiang Huat Sea Gull Trading Frozen Food PCL  (BKK:CHOTI) 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.


Kiang Huat Sea Gull Trading Frozen Food PCL Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Kiang Huat Sea Gull Trading Frozen Food PCL's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Kiang Huat Sea Gull Trading Frozen Food PCL (BKK:CHOTI) Business Description

Traded in Other Exchanges
N/A
Address
4/2 Moo 3, Asia 43 Road, Tambol Namom, Amphur Namom, Songkhla, THA, 90310
Kiang Huat Sea Gull Trading Frozen Food PCL is engaged in the frozen seafood manufacturing business. The production processes include beheading, peeling, sizing, weighing, arranging, cooking, value-added processing, and freezing and packing. The company produces a wide variety of block, vacuum-packed items such as Raw and cooked head-on, Headless and peeled shrimps, Extended shrimps (nobashi), Cooked tail-on butterfly shrimps (sushi), Breaded shrimps (panko), Easily peeled shrimps, Slipper lobster tail, and Meat. The organization sells its products under its own brands which are Sea Kin, Sea Champion, Eagle, Sea Queen, Sea Flower, and Blue Gulf. The group sells its products in Asia, Europe, America, Africa, and Thailand, of which key revenue is generated from Asia.

Kiang Huat Sea Gull Trading Frozen Food PCL (BKK:CHOTI) Headlines

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