COSCO SHIPPING Energy Transportation Co (HKSE:01138) Return-on-Tangible-Equity : -4.27% (As of Dec. 2023)

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What is COSCO SHIPPING Energy Transportation Co 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. COSCO SHIPPING Energy Transportation Co's annualized net income for the quarter that ended in Dec. 2023 was HK$-1,598 Mil. COSCO SHIPPING Energy Transportation Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$37,385 Mil. Therefore, COSCO SHIPPING Energy Transportation Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -4.27%.

The historical rank and industry rank for COSCO SHIPPING Energy Transportation Co's Return-on-Tangible-Equity or its related term are showing as below:

HKSE:01138' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.11 Med: 4.46 Max: 10.27
Current: 10.27

During the past 13 years, COSCO SHIPPING Energy Transportation Co's highest Return-on-Tangible-Equity was 10.27%. The lowest was -16.11%. And the median was 4.46%.

HKSE:01138's Return-on-Tangible-Equity is ranked better than
52.79% of 932 companies
in the Transportation industry
Industry Median: 9.73 vs HKSE:01138: 10.27

COSCO SHIPPING Energy Transportation Co Return-on-Tangible-Equity Historical Data

The historical data trend for COSCO SHIPPING Energy Transportation Co'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.

COSCO SHIPPING Energy Transportation Co Return-on-Tangible-Equity Chart

COSCO SHIPPING Energy Transportation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Return-on-Tangible-Equity

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1.46

7.84

-16.11

4.66

10.08

COSCO SHIPPING Energy Transportation Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Return-on-Tangible-Equity	Get a 7-Day Free Trial															13.82	20.09	10.43	-4.27	14.32

Competitive Comparison of COSCO SHIPPING Energy Transportation Co's Return-on-Tangible-Equity

For the Marine Shipping subindustry, COSCO SHIPPING Energy Transportation Co'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.

COSCO SHIPPING Energy Transportation Co's Return-on-Tangible-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING Energy Transportation Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING Energy Transportation Co's Return-on-Tangible-Equity falls into.

COSCO SHIPPING Energy Transportation Co Return-on-Tangible-Equity Calculation

COSCO SHIPPING Energy Transportation Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	3662.756	/	( (35138.9	+	37503.981 )	/ 2 )
	=	3662.756	/	36321.4405
	=	10.08 %

COSCO SHIPPING Energy Transportation Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1597.564	/	( (37266.172	+	37503.981)	/ 2 )
	=	-1597.564	/	37385.0765
	=	-4.27 %

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 four times the quarterly (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

COSCO SHIPPING Energy Transportation Co (HKSE:01138) 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.

COSCO SHIPPING Energy Transportation Co Return-on-Tangible-Equity Related Terms

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COSCO SHIPPING Energy Transportation Co (HKSE:01138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Energy Transportation Co Ltd (HKSE:01138) » Definitions » Return-on-Tangible-Equity

Traded in Other Exchanges

HIFH:Germany 600026:China

Address

No.670 Dongdaming Road, 7th Floor, Hongkou District, Shanghai, CHN, 200080

Website

https://energy.coscoshipping.com

COSCO SHIPPING Energy Transportation Co Ltd engages in the shipping business. The firm's business covers oil shipping, which includes vessel chartering. The company operates through the following segments: Oil shipment, LNG and Others. The majority of the firm's revenue gets dominated by the Oil shipment segment.

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