What is Hong Kong ChaoShang Group 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. Hong Kong ChaoShang Group's annualized net income for the quarter that ended in Sep. 2023 was HK$8.8 Mil. Hong Kong ChaoShang Group's average shareholder tangible equity for the quarter that ended in Sep. 2023 was HK$810.5 Mil. Therefore, Hong Kong ChaoShang Group's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 1.09%.
The historical rank and industry rank for Hong Kong ChaoShang Group's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:02322'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.65 Med: -3.26 Max: 5.82
Current: -2.66
During the past 13 years, Hong Kong ChaoShang Group's highest Return-on-Tangible-Equity was 5.82%. The lowest was -7.65%. And the median was -3.26%.
HKSE:02322's Return-on-Tangible-Equity is ranked worse than 80.75% of 509
companies
in the Conglomerates industry
Industry Median: 7.3
vs HKSE:02322: -2.66
Hong Kong ChaoShang Group Return-on-Tangible-Equity Historical Data
The historical data trend for Hong Kong ChaoShang Group'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.
Hong Kong ChaoShang Group Return-on-Tangible-Equity Chart
Competitive Comparison of Hong Kong ChaoShang Group's Return-on-Tangible-Equity
For the Conglomerates subindustry, Hong Kong ChaoShang Group'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.
Hong Kong ChaoShang Group's Return-on-Tangible-Equity Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Hong Kong ChaoShang Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hong Kong ChaoShang Group's Return-on-Tangible-Equity falls into.
Hong Kong ChaoShang Group Return-on-Tangible-Equity Calculation
Hong Kong ChaoShang Group'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.
Hong Kong ChaoShang Group (HKSE:02322) 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.
Hong Kong ChaoShang Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Hong Kong ChaoShang Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Hong Kong ChaoShang Group (HKSE:02322) Business Description
Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Moneylending, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing and asset management services in Hong Kong.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:02322 has been successfully added to your 