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. YGM Trading's annualized net income for the quarter that ended in Sep. 2023 was HK$-14.9 Mil. YGM Trading's average shareholder tangible equity for the quarter that ended in Sep. 2023 was HK$324.6 Mil. Therefore, YGM Trading's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was -4.58%.
The historical rank and industry rank for YGM Trading's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00375'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -17.8 Med: -1.03 Max: 20.43
Current: 0.84
During the past 13 years, YGM Trading's highest Return-on-Tangible-Equity was 20.43%. The lowest was -17.80%. And the median was -1.03%.
HKSE:00375's Return-on-Tangible-Equity is ranked worse than 69.25% of 1047
companies
in the Retail - Cyclical industry
Industry Median: 7.28
vs HKSE:00375: 0.84
YGM Trading Return-on-Tangible-Equity Historical Data
The historical data trend for YGM Trading'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 YGM Trading's Return-on-Tangible-Equity
For the Apparel Retail subindustry, YGM Trading'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.
YGM Trading's Return-on-Tangible-Equity Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, YGM Trading's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where YGM Trading's Return-on-Tangible-Equity falls into.
YGM Trading Return-on-Tangible-Equity Calculation
YGM Trading'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.
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.
YGM Trading Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of YGM Trading's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
YGM Trading Ltd is an investment holding and provision of management service company. The company's operating segments include Sales of garments; Licensing of trademarks; Printing and related services and Property rental. The sales of garments segment of the company is involved in the wholesale and retail of garments; the Printing and related services segment is engaged in the provision of security printing and sale of printed products; Licensing of trademarks segment is engaged in the management and licensing of trademarks for royalty income, and Property rental: leasing of properties to generate rental income. The company generates maximum revenue from the Sales of the garments segment. Geographically, it derives a majority of its revenue from Hong Kong.
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