What is Quality Online Education 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. Quality Online Education Group's annualized net income for the quarter that ended in May. 2023 was $-10.45 Mil. Quality Online Education Group's average shareholder tangible equity for the quarter that ended in May. 2023 was $-3.54 Mil. Therefore, Quality Online Education Group's annualized Return-on-Tangible-Equity for the quarter that ended in May. 2023 was N/A%.
The historical rank and industry rank for Quality Online Education Group's Return-on-Tangible-Equity or its related term are showing as below:
QOEG's Return-on-Tangible-Equity is not ranked *
in the Education industry.
Industry Median: 10.13 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Quality Online Education Group 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.
* Premium members only.
Quality Online Education Group Return-on-Tangible-Equity Chart
Competitive Comparison of Quality Online Education Group's Return-on-Tangible-Equity
For the Education & Training Services subindustry, Quality Online Education 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.
Quality Online Education Group's Return-on-Tangible-Equity Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Quality Online Education Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Quality Online Education Group's Return-on-Tangible-Equity falls into.
Quality Online Education Group Return-on-Tangible-Equity Calculation
Quality Online Education Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Aug. 2022 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 four times the quarterly (May. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Quality Online Education Group (OTCPK:QOEG) 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.
Quality Online Education Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Quality Online Education Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Quality Online Education Group (Quality Online Education Group) Business Description
Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.
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