What is Able Global Bhd 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. Able Global Bhd's annualized net income for the quarter that ended in Mar. 2024 was RM60.8 Mil. Able Global Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2024 was RM435.5 Mil. Therefore, Able Global Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 13.95%.
The historical rank and industry rank for Able Global Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:7167'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.89 Med: 11.05 Max: 17.88
Current: 14.32
During the past 13 years, Able Global Bhd's highest Return-on-Tangible-Equity was 17.88%. The lowest was 7.89%. And the median was 11.05%.
XKLS:7167's Return-on-Tangible-Equity is ranked better than 70.16% of 1793
companies
in the Consumer Packaged Goods industry
Industry Median: 7.72
vs XKLS:7167: 14.32
Able Global Bhd Return-on-Tangible-Equity Historical Data
The historical data trend for Able Global Bhd'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 Able Global Bhd's Return-on-Tangible-Equity
For the Packaged Foods subindustry, Able Global Bhd'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.
Able Global Bhd's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Able Global Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Able Global Bhd's Return-on-Tangible-Equity falls into.
Able Global Bhd Return-on-Tangible-Equity Calculation
Able Global Bhd'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.
Able Global Bhd (XKLS:7167) 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.
Able Global Bhd Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Able Global Bhd's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Able Global Bhd formerly Johore Tin Bhd is principally engaged in the business of investment holding and the provision of management services. The group is organized into the three main reportable segments: Investment Holding; Tin Manufacturing; and Food and Beverage. Its Investment Holding is involved in the business of investment holding and provision of management services. Tin Manufacturing is involved in the manufacturing of various tins, cans, and other containers. Food and Beverage are involved in manufacturing and selling of milk and other related dairy products. It generates maximum revenue from Food and Beverage segment. Geographically, it derives majority revenue from Malaysia and also has a presence in Africa, Central America, Europe, Malaysia, and Other Countries.
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