What is Get Nice Holdings 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. Get Nice Holdings's annualized net income for the quarter that ended in Sep. 2023 was HK$154.1 Mil. Get Nice Holdings's average shareholder tangible equity for the quarter that ended in Sep. 2023 was HK$5,811.9 Mil. Therefore, Get Nice Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 2.65%.
The historical rank and industry rank for Get Nice Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00064'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.06 Med: 4.7 Max: 13.82
Current: 4.13
During the past 13 years, Get Nice Holdings's highest Return-on-Tangible-Equity was 13.82%. The lowest was 1.06%. And the median was 4.70%.
HKSE:00064's Return-on-Tangible-Equity is ranked worse than 56.29% of 771
companies
in the Capital Markets industry
Industry Median: 5.76
vs HKSE:00064: 4.13
Get Nice Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Get Nice Holdings'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.
Competitive Comparison of Get Nice Holdings's Return-on-Tangible-Equity
For the Capital Markets subindustry, Get Nice Holdings'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.
Get Nice Holdings's Return-on-Tangible-Equity Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Get Nice Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Get Nice Holdings's Return-on-Tangible-Equity falls into.
Get Nice Holdings Return-on-Tangible-Equity Calculation
Get Nice Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 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 two times the semi-annual (Sep. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Get Nice Holdings (HKSE:00064) 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.
Get Nice Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Get Nice Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Get Nice Holdings (HKSE:00064) Business Description
Get Nice Holdings Ltd is a holding company and its principal business activities are money lending, property development and holding, investment in financial instruments, real estate brokerage, and the provision of financial services. The company manages its business in six segments namely Broking, Securities margin financing, Money lending, Corporate finance, asset management, and Investments. The company generates the majority of its revenue from the Securities margin financing segment.
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