HKSE:02188'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -10.13 Med: -6.23 Max: 29.69
Current: -7.7
During the past 13 years, China Titans Energy Technology Group Co's highest Return-on-Tangible-Equity was 29.69%. The lowest was -10.13%. And the median was -6.23%.
HKSE:02188's Return-on-Tangible-Equity is ranked worse than 85.03% of 2905
companies
in the Industrial Products industry
Industry Median: 7.53
vs HKSE:02188: -7.70
China Titans Energy Technology Group Co 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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China Titans Energy Technology Group Co Return-on-Tangible-Equity Chart
China Titans Energy Technology Group Co Annual Data
Competitive Comparison of China Titans Energy Technology Group Co's Return-on-Tangible-Equity
For the Electrical Equipment & Parts subindustry, China Titans Energy Technology Group 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.
China Titans Energy Technology Group Co's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, China Titans Energy Technology Group Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Titans Energy Technology Group Co's Return-on-Tangible-Equity falls into.
China Titans Energy Technology Group Co Return-on-Tangible-Equity Calculation
* 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.
China Titans Energy Technology Group Co (HKSE:02188) 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.
China Titans Energy Technology Group Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of China Titans Energy Technology Group Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
China Titans Energy Technology Group Co (HKSE:02188) Business Description
China Titans Energy Technology Group Co Ltd is engaged in the supply of power electric products and equipment, the sales and leases of electric vehicles, the provision of charging services for electric vehicles, and construction services of charging poles for electric vehicles under Build-Operate-Transfer (BOT) arrangements. Its reporting segments are DC Power System; Charging Equipment; and Charging Services and Construction. The company generates majority of its revenue from the Charging Equipment segment. Its Charging Equipment segment is engaged in the manufacturing and sales of charging equipment for electric vehicles. Geographically, it operates in the PRC.
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