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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Cang Bao Tian Xia International Art Trade Center's annualized net income for the quarter that ended in Dec. 2021 was $-14.41 Mil. Cang Bao Tian Xia International Art Trade Center's average Total Stockholders Equity over the quarter that ended in Dec. 2021 was $-20.11 Mil. Therefore, Cang Bao Tian Xia International Art Trade Center's annualized ROE % for the quarter that ended in Dec. 2021 was N/A%.
The historical rank and industry rank for Cang Bao Tian Xia International Art Trade Center's ROE % or its related term are showing as below:
The historical data trend for Cang Bao Tian Xia International Art Trade Center's ROE % 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.
Cang Bao Tian Xia International Art Trade Center Annual Data | |||||||||||||||||||||
Trend | Dec05 | Dec06 | Jun07 | Jun08 | Jun09 | Jun10 | Jun18 | Jun19 | Jun20 | Jun21 | |||||||||||
ROE % | Get a 7-Day Free Trial | 10.63 | -75.91 | - | - | - |
Cang Bao Tian Xia International Art Trade Center Quarterly Data | ||||||||||||||||||||
Mar11 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
ROE % | Get a 7-Day Free Trial | - | - | - | - | - |
For the Specialty Retail subindustry, Cang Bao Tian Xia International Art Trade Center's ROE %, along with its competitors' market caps and ROE % 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.
For the Retail - Cyclical industry and Consumer Cyclical sector, Cang Bao Tian Xia International Art Trade Center's ROE % distribution charts can be found below:
* The bar in red indicates where Cang Bao Tian Xia International Art Trade Center's ROE % falls into.
Cang Bao Tian Xia International Art Trade Center's annualized ROE % for the fiscal year that ended in Jun. 2021 is calculated as
ROE % | = | Net Income (A: Jun. 2021 ) | / | ( (Total Stockholders Equity (A: Jun. 2020 ) | + | Total Stockholders Equity (A: Jun. 2021 )) | / count ) |
= | -8.445 | / | ( (-4.384 | + | -13.456) | / 2 ) | |
= | -8.445 | / | -8.92 | ||||
= | N/A % |
Cang Bao Tian Xia International Art Trade Center's annualized ROE % for the quarter that ended in Dec. 2021 is calculated as
ROE % | = | Net Income (Q: Dec. 2021 ) | / | ( (Total Stockholders Equity (Q: Sep. 2021 ) | + | Total Stockholders Equity (Q: Dec. 2021 )) | / count ) |
= | -14.408 | / | ( (-18.149 | + | -22.064) | / 2 ) | |
= | -14.408 | / | -20.1065 | ||||
= | N/A % |
* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2021) net income data. ROE % is displayed in the 30-year financial page.
* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.
Cang Bao Tian Xia International Art Trade Center (OTCPK:TXCB) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
ROE % | (Q: Dec. 2021 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -14.408 | / | -20.1065 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-14.408 / 0.004) | * | (0.004 / 18.8265) | * | (18.8265 / -20.1065) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -360200 % | * | 0.0002 | * | N/A |
= | ROA % | * | Equity Multiplier | ||
= | -72.04 % | * | N/A | ||
= | N/A % |
With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.
The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:
ROE % | (Q: Dec. 2021 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | -14.408 | / | -20.1065 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-14.408 / -14.408) | * | (-14.408 / -14.408) | * | (-14.408 / 0.004) | * | (0.004 / 18.8265) | * | (18.8265 / -20.1065) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 1 | * | 1 | * | -360200 % | * | 0.0002 | * | N/A |
= | N/A % |
Note: The net income data used here is four times the quarterly (Dec. 2021) net income data. The Revenue data used here is four times the quarterly (Dec. 2021) revenue data. The same rule applies to Pre-Tax Income and Operating Income. * In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Thank you for viewing the detailed overview of Cang Bao Tian Xia International Art Trade Center's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Wei Wang | 10 percent owner | NO. 14, LANE 1, DONGXIAO CITY, CHONGWEN DISTRICT, BEIJING F4 0000000 |
Liang Tan | director | NO. 88 LANE 7171 SHENGIANG RD., PUDONG NEW DISTRICT, SHANGHAI F4 00000 |
Yaqin Fu | 10 percent owner | NO. 88 LANE 7171 SHENGIANG RD., PUDONG NEW DISTRICT, SHANGHAI F4 00000 |
Xingtao Zhou | director, 10 percent owner, officer: CEO and CFO | 5-1-1206 HEFENG JIANGAN, NIANQUING ROAD MEILAN DISTRICT, HAIKOU, HAINAN PROVINCE F4 00000 |
Ruihua International Ltd | 10 percent owner | PO BOX 83, DES PLAINES IL 60016 |
Jayhawk Capital Management Llc | other: 13(d) group owning > 10% | 13021 W 74TH ST, SHAWNEE KS 66216 |
Jayhawk Private Equity Gp, L.p. | other: 13(d) group owning > 10% | 5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205 |
Jayhawk Private Equity Co Invest Fund Lp | other: 13(d) group owning > 10% | 5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205 |
Jayhawk Private Equity Fund L P | other: 13(d) group owning > 10% | 5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205 |
Kent C Mccarthy | 10 percent owner, other: 13(d) group owning > 10% | 930 TAHOE BLVD., 802-281, INCLINE VILLAGE NV 89451 |
Pinnacle China Fund, L.p. | 10 percent owner | 4965 PRESTON PARK BLVD., SUITE 240, PLANO TX 75093 |
Philip Widmann | officer: Senior Vice President | C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705 |
Jason Lu | director, officer: Chief Executive Officer | C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705 |
Ming He | officer: Chief Financial Officer | NO. 106 ZHONGHUAN SOUTH ROAD, AIRPORT INDUSTRIAL PARK, TIANJIN F4 300308 |
Haining Liu | director | C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705 |
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