The historical rank and industry rank for Tsit Wing International Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:02119'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.39 Med: 11.44 Max: 21.29
Current: 8.38
During the past 13 years, Tsit Wing International Holdings's highest Return-on-Tangible-Equity was 21.29%. The lowest was 3.39%. And the median was 11.44%.
HKSE:02119's Return-on-Tangible-Equity is ranked worse than 67.65% of 102
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 14.87
vs HKSE:02119: 8.38
Tsit Wing International Holdings 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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Tsit Wing International Holdings Return-on-Tangible-Equity Chart
Competitive Comparison of Tsit Wing International Holdings's Return-on-Tangible-Equity
For the Beverages - Non-Alcoholic subindustry, Tsit Wing International 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.
Tsit Wing International Holdings's Return-on-Tangible-Equity Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Tsit Wing International Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tsit Wing International Holdings's Return-on-Tangible-Equity falls into.
Tsit Wing International Holdings Return-on-Tangible-Equity Calculation
Tsit Wing International Holdings'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.
Tsit Wing International Holdings (HKSE:02119) 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.
Tsit Wing International Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Tsit Wing International Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Tsit Wing International Holdings (HKSE:02119) Business Description
Tsit Wing International Holdings Ltd is an investment holding company engaged in the processing and sale of coffee, tea, and complementary products, sale of frozen processed food, sale and rental of coffee and tea machines, and food and beverage store operation. It has two operating segments: Beverage Solutions and Food Products. It derives majority revenue from the Beverage segment that processes and distributes coffee, tea and related complementary products, sells food and beverages, coffee machines and other related products, operates food and beverage stores and leases coffee and tea machines. The Group offers frozen food to renowned brands under its frozen food brand Papa Chef. The company operates in Hong Kong, Mainland China, and other countries with majority revenue from Hongkong.
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