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. Bestore Co's annualized net income for the quarter that ended in Mar. 2024 was ¥250 Mil. Bestore Co's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ¥2,282 Mil. Therefore, Bestore Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 10.95%.
The historical rank and industry rank for Bestore Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603719'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.09 Med: 18.44 Max: 37.96
Current: 4.09
During the past 9 years, Bestore Co's highest Return-on-Tangible-Equity was 37.96%. The lowest was 4.09%. And the median was 18.44%.
SHSE:603719's Return-on-Tangible-Equity is ranked worse than 61.89% of 1795
companies
in the Consumer Packaged Goods industry
Industry Median: 7.78
vs SHSE:603719: 4.09
Bestore Co Return-on-Tangible-Equity Historical Data
The historical data trend for Bestore Co'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 Bestore Co's Return-on-Tangible-Equity
For the Packaged Foods subindustry, Bestore 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.
Bestore Co's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Bestore Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bestore Co's Return-on-Tangible-Equity falls into.
Bestore Co Return-on-Tangible-Equity Calculation
Bestore Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 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 four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Bestore Co (SHSE:603719) 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.
Bestore Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Bestore Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Bestore Co Ltd is engaged in the procurement, sales and operation of snack foods. The company's products include bulk food including refrigerated frozen food, bulk cooked food; pre-packaged food including refrigerated frozen food; special food such as health products, infant formula milk powder, other infant formula; vegetables; dried fruits; flowers; daily necessities; agricultural products; agricultural and sideline products; hot foods including semi-finished foods; pastry foods including decorating foods; production and sale of homemade beverages including homemade fresh milk beverages; cold foods; raw foods including meat products, raw seafood foods; food packaging and processing; storage services, and venue rental.
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