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. Haad Thip PCL's annualized net income for the quarter that ended in Mar. 2024 was ฿732 Mil. Haad Thip PCL's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ฿3,977 Mil. Therefore, Haad Thip PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 18.41%.
The historical rank and industry rank for Haad Thip PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:HTC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.24 Med: 11.54 Max: 18.08
Current: 14.89
During the past 13 years, Haad Thip PCL's highest Return-on-Tangible-Equity was 18.08%. The lowest was 5.24%. And the median was 11.54%.
BKK:HTC's Return-on-Tangible-Equity is ranked better than 50.98% of 102
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 14.73
vs BKK:HTC: 14.89
Haad Thip PCL Return-on-Tangible-Equity Historical Data
The historical data trend for Haad Thip PCL'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 Haad Thip PCL's Return-on-Tangible-Equity
For the Beverages - Non-Alcoholic subindustry, Haad Thip PCL'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.
Haad Thip PCL's Return-on-Tangible-Equity Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Haad Thip PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Haad Thip PCL's Return-on-Tangible-Equity falls into.
* 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.
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.
Haad Thip PCL Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Haad Thip PCL's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Haad Thip PCL is engaged in the manufacture and distributor of soft drinks. The company has been granted a franchise by Coca-Cola in the United States to be a producer and distributor of carbonated drinks under the trademarks of Coca-Cola, Fanta, and Sprite, and other non-carbonated products owned by Coca-Cola Company, such as Minute Maid Splash and Namthip Drinking Water. Its brands include Coca-Cola, Sprite, Fanta, Minute Maid, Namthip, A&W, and Aquarius. The company operates business in Segment soft drinks, Segment Consumer goods, Segment food, Segment Real estate development. The company generates majority revenue from soft drinks. The company distributes its products in the southern provinces of Thailand.
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