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Dickson Concepts (International) (HKSE:00113) Return-on-Tangible-Equity : 12.80% (As of Sep. 2023)


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What is Dickson Concepts (International) 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. Dickson Concepts (International)'s annualized net income for the quarter that ended in Sep. 2023 was HK$439 Mil. Dickson Concepts (International)'s average shareholder tangible equity for the quarter that ended in Sep. 2023 was HK$3,434 Mil. Therefore, Dickson Concepts (International)'s annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 12.80%.

The historical rank and industry rank for Dickson Concepts (International)'s Return-on-Tangible-Equity or its related term are showing as below:

HKSE:00113' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -13.31   Med: 6.77   Max: 23.62
Current: 9.34

During the past 13 years, Dickson Concepts (International)'s highest Return-on-Tangible-Equity was 23.62%. The lowest was -13.31%. And the median was 6.77%.

HKSE:00113's Return-on-Tangible-Equity is ranked better than
55.73% of 1048 companies
in the Retail - Cyclical industry
Industry Median: 7.285 vs HKSE:00113: 9.34

Dickson Concepts (International) Return-on-Tangible-Equity Historical Data

The historical data trend for Dickson Concepts (International)'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.

Dickson Concepts (International) Return-on-Tangible-Equity Chart

Dickson Concepts (International) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.44 23.62 14.86 6.15 7.56

Dickson Concepts (International) Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 8.30 3.99 9.40 5.81 12.80

Competitive Comparison of Dickson Concepts (International)'s Return-on-Tangible-Equity

For the Luxury Goods subindustry, Dickson Concepts (International)'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.


Dickson Concepts (International)'s Return-on-Tangible-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Dickson Concepts (International)'s Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Dickson Concepts (International)'s Return-on-Tangible-Equity falls into.



Dickson Concepts (International) Return-on-Tangible-Equity Calculation

Dickson Concepts (International)'s annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=252.637/( (3297.833+3389.094 )/ 2 )
=252.637/3343.4635
=7.56 %

Dickson Concepts (International)'s annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2023 )  (Q: Mar. 2023 )(Q: Sep. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2023 )  (Q: Mar. 2023 )(Q: Sep. 2023 )
=439.448/( (3389.094+3478.685)/ 2 )
=439.448/3433.8895
=12.80 %

* 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.


Dickson Concepts (International)  (HKSE:00113) 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.


Dickson Concepts (International) Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Dickson Concepts (International)'s Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Dickson Concepts (International) (HKSE:00113) Business Description

Traded in Other Exchanges
Address
98 Granville Road, 4th Floor East Ocean Centre, Tsimshatsui East, Kowloon, Hong Kong, HKG
Dickson Concepts (International) Ltd is a Hong Kong-based investment holding company engaged in the manufacturing and distribution of luxury lighters, writing instruments, leather goods, accessories, ready-to-wear clothing, watches and fragrances. The group manages its businesses under two divisions namely, the Luxury Goods and Securities Investment business, of which it generates a majority of revenue from the Luxury goods segment. Geographically the firm has its presence in Hong Kong, Taiwan and other territories, of which key revenue is generated from Hong Kong. The Luxury goods segment includes the sale of luxury goods to retail and wholesale customers and net income from concession and consignment sales.
Executives
Dickson Investment Holding (ptc) Corporation 2301 Trustee
Poon Dickson Pearson Guanda 2501 Other
Poon Dickson 2307 Founder of a discretionary trust who can infl
Paicolex Trust Company (bvi) Limited 2301 Trustee
Paicolex Trust Management Ag 2301 Trustee
Yu Kwai Chu, Pearl 2202 Interest of your spouse

Dickson Concepts (International) (HKSE:00113) Headlines

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