The historical rank and industry rank for China Boqi Environmental (Holding) Co's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:02377'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.12 Med: 13.77 Max: 40
Current: 9.99
During the past 10 years, China Boqi Environmental (Holding) Co's highest Return-on-Tangible-Equity was 40.00%. The lowest was -8.12%. And the median was 13.77%.
HKSE:02377's Return-on-Tangible-Equity is ranked better than 59.86% of 2920
companies
in the Industrial Products industry
Industry Median: 7.56
vs HKSE:02377: 9.99
China Boqi Environmental (Holding) 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 Boqi Environmental (Holding) Co Return-on-Tangible-Equity Chart
Competitive Comparison of China Boqi Environmental (Holding) Co's Return-on-Tangible-Equity
For the Pollution & Treatment Controls subindustry, China Boqi Environmental (Holding) 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 Boqi Environmental (Holding) Co's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, China Boqi Environmental (Holding) Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Boqi Environmental (Holding) Co's Return-on-Tangible-Equity falls into.
China Boqi Environmental (Holding) 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 Boqi Environmental (Holding) Co (HKSE:02377) 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 Boqi Environmental (Holding) Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of China Boqi Environmental (Holding) Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
China Boqi Environmental (Holding) Co (HKSE:02377) Business Description
China Boqi Environmental (Holding) Co Ltd is an investment holding company. It operates in four segments: Environmental protection facilities, mainly including EPC, which consists of project design, procurement of equipment and materials, project construction and equipment installment, and testing services; Operation & maintenance segment comprises of operation service and regular maintenance service for desulfurization and denitrification facilities and dust removal facilities; Concession operations segment includes the construction of infrastructure or acquisition of existing infrastructure from the grantor and operation and maintenance of flue gas treatment project; and Others segment consists of the sale of by-products and others. The group primarily operates in the PRC.
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