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. Yidu Tech's annualized net income for the quarter that ended in Sep. 2023 was HK$-162.6 Mil. Yidu Tech's average shareholder tangible equity for the quarter that ended in Sep. 2023 was HK$4,504.3 Mil. Therefore, Yidu Tech's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was -3.61%.
The historical rank and industry rank for Yidu Tech's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:02158'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -617.19 Med: -17.96 Max: -8.76
Current: -8.76
During the past 6 years, Yidu Tech's highest Return-on-Tangible-Equity was -8.76%. The lowest was -617.19%. And the median was -17.96%.
HKSE:02158's Return-on-Tangible-Equity is ranked worse than 77.04% of 540
companies
in the Healthcare Providers & Services industry
Industry Median: 10.665
vs HKSE:02158: -8.76
Yidu Tech Return-on-Tangible-Equity Historical Data
The historical data trend for Yidu Tech'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 Yidu Tech's Return-on-Tangible-Equity
For the Health Information Services subindustry, Yidu Tech'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.
Yidu Tech's Return-on-Tangible-Equity Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Yidu Tech's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Yidu Tech's Return-on-Tangible-Equity falls into.
Yidu Tech Return-on-Tangible-Equity Calculation
Yidu Tech'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.
Yidu Tech Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Yidu Tech's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Yidu Tech offers healthcare Big Data. It is an AI cloud-based firm providing solutions and tools to aid in more informed decisions to drive better efficiency in clients' strategies. Its clients are hospitals, pharmaceutical, biotech and medical device firms, research institutions, insurance companies, patients, and regulators. It three business segments are: Big Data platform and solutions, which partners with hospitals and policymakers to drive better efficiency; life sciences solutions, which enables better probability of clinical trial success with less drug development time and cost; and health management solutions, which helps with patient management. The Big Data platform accounted for 33% of revenue, life science solutions 30%, and health management solutions 27%, in fiscal 2022.
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