What is San Miguel Brewery Hong Kong 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. San Miguel Brewery Hong Kong's annualized net income for the quarter that ended in Dec. 2023 was HK$74.8 Mil. San Miguel Brewery Hong Kong's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$672.1 Mil. Therefore, San Miguel Brewery Hong Kong's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 11.12%.
The historical rank and industry rank for San Miguel Brewery Hong Kong's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00236'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14 Med: 2.76 Max: 13.17
Current: 13.17
During the past 13 years, San Miguel Brewery Hong Kong's highest Return-on-Tangible-Equity was 13.17%. The lowest was -14.00%. And the median was 2.76%.
HKSE:00236's Return-on-Tangible-Equity is ranked better than 59.22% of 206
companies
in the Beverages - Alcoholic industry
Industry Median: 10.29
vs HKSE:00236: 13.17
San Miguel Brewery Hong Kong Return-on-Tangible-Equity Historical Data
* 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.
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San Miguel Brewery Hong Kong Return-on-Tangible-Equity Chart
Competitive Comparison of San Miguel Brewery Hong Kong's Return-on-Tangible-Equity
For the Beverages - Brewers subindustry, San Miguel Brewery Hong Kong'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.
San Miguel Brewery Hong Kong's Return-on-Tangible-Equity Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, San Miguel Brewery Hong Kong's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where San Miguel Brewery Hong Kong's Return-on-Tangible-Equity falls into.
San Miguel Brewery Hong Kong Return-on-Tangible-Equity Calculation
San Miguel Brewery Hong Kong's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
San Miguel Brewery Hong Kong (HKSE:00236) 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.
San Miguel Brewery Hong Kong Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of San Miguel Brewery Hong Kong's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
San Miguel Brewery Hong Kong (HKSE:00236) Business Description
San Miguel Brewery Hong Kong Ltd is engaged in the manufacturing and distribution of bottled, canned and draught beers. Its two reportable segments are 1) The Hong Kong operations comprise of the manufacture and distribution of own brewed beer products and the distribution of imported beer products in Hong Kong and overseas. 2) The Mainland China operations comprise of the manufacture and distribution of own-brewed beer products in the southern part of the People's Republic of China and overseas. It derives the majority of its revenue from Hong Kong.
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