The historical rank and industry rank for Zhejiangnhua Intelligent Controls Co's Return-on-Tangible-Equity or its related term are showing as below:
SZSE:002050'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 16.02 Med: 17.81 Max: 22.72
Current: 19.37
During the past 13 years, Zhejiangnhua Intelligent Controls Co's highest Return-on-Tangible-Equity was 22.72%. The lowest was 16.02%. And the median was 17.81%.
SZSE:002050's Return-on-Tangible-Equity is ranked better than 83.17% of 2905
companies
in the Industrial Products industry
Industry Median: 7.53
vs SZSE:002050: 19.37
Zhejiangnhua Intelligent Controls 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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Zhejiangnhua Intelligent Controls Co Return-on-Tangible-Equity Chart
Competitive Comparison of Zhejiangnhua Intelligent Controls Co's Return-on-Tangible-Equity
For the Specialty Industrial Machinery subindustry, Zhejiangnhua Intelligent Controls 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.
Zhejiangnhua Intelligent Controls Co's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhejiangnhua Intelligent Controls Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Zhejiangnhua Intelligent Controls Co's Return-on-Tangible-Equity falls into.
Zhejiangnhua Intelligent Controls 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 four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Zhejiangnhua Intelligent Controls Co (SZSE:002050) 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.
Zhejiangnhua Intelligent Controls Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Zhejiangnhua Intelligent Controls Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhejiangnhua Intelligent Controls Co (SZSE:002050) Business Description
Zhejiang Sanhua Intelligent Controls Co Ltd is an HVAC&R manufacturer of controls and components. It is engaged in the research and development, manufacture and distribution of refrigeration and air-conditioning control components, which include 4-way reversing valves, solenoid valves, and electronic expansion valves. The products offered by the company are standard controls and line components, customized controls and line components, electronic controls, and micro-channel heat exchanger. The products have application in air conditioning, commercial refrigeration, heat pump and home appliances. The organization supplies its products in China and internationally.
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