What is Come Sure Group 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. Come Sure Group holdings's annualized net income for the quarter that ended in Sep. 2023 was HK$-19.0 Mil. Come Sure Group holdings's average shareholder tangible equity for the quarter that ended in Sep. 2023 was HK$483.0 Mil. Therefore, Come Sure Group holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was -3.94%.
The historical rank and industry rank for Come Sure Group holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00794'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -13.59 Med: 4.28 Max: 18.3
Current: -13.59
During the past 13 years, Come Sure Group holdings's highest Return-on-Tangible-Equity was 18.30%. The lowest was -13.59%. And the median was 4.28%.
HKSE:00794's Return-on-Tangible-Equity is ranked worse than 89.12% of 285
companies
in the Forest Products industry
Industry Median: 3.99
vs HKSE:00794: -13.59
Come Sure Group holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Come Sure Group 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.
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Come Sure Group holdings Return-on-Tangible-Equity Chart
Competitive Comparison of Come Sure Group holdings's Return-on-Tangible-Equity
For the Paper & Paper Products subindustry, Come Sure Group 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.
Come Sure Group holdings's Return-on-Tangible-Equity Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Come Sure Group holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Come Sure Group holdings's Return-on-Tangible-Equity falls into.
Come Sure Group holdings Return-on-Tangible-Equity Calculation
Come Sure Group 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.
Come Sure Group holdings (HKSE:00794) 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.
Come Sure Group holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Come Sure Group holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Come Sure Group holdings (HKSE:00794) Business Description
Come Sure Group holdings an investment holding company. The company's operating segment includes Corrugated products; Offset printed corrugated products and Properties leasing. Corrugated products segment is engaged in the manufacture and sale of corrugated board and corrugated paper-based packing products. The Offset printed corrugated products are related to the manufacture and sale of offset printed corrugated products, and Properties leasing conduct properties leased in Hong Kong for rental income. It generates maximum revenue from the Corrugated products segment. Geographically, it derives a majority of revenue from the PRC and also has a presence in Hong Kong and Macau.
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