What is New Focus Auto Tech Holdings 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. New Focus Auto Tech Holdings's annualized net income for the quarter that ended in Dec. 2023 was HK$-179.6 Mil. New Focus Auto Tech Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$696.9 Mil. Therefore, New Focus Auto Tech Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -25.77%.
The historical rank and industry rank for New Focus Auto Tech Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00360'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -183.68 Med: -29.14 Max: 21.26
Current: -13.26
During the past 13 years, New Focus Auto Tech Holdings's highest Return-on-Tangible-Equity was 21.26%. The lowest was -183.68%. And the median was -29.14%.
HKSE:00360's Return-on-Tangible-Equity is ranked worse than 88.78% of 1248
companies
in the Vehicles & Parts industry
Industry Median: 8.695
vs HKSE:00360: -13.26
New Focus Auto Tech Holdings 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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New Focus Auto Tech Holdings Return-on-Tangible-Equity Chart
Competitive Comparison of New Focus Auto Tech Holdings's Return-on-Tangible-Equity
For the Auto Parts subindustry, New Focus Auto Tech Holdings'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.
New Focus Auto Tech Holdings's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, New Focus Auto Tech Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where New Focus Auto Tech Holdings's Return-on-Tangible-Equity falls into.
New Focus Auto Tech Holdings Return-on-Tangible-Equity Calculation
New Focus Auto Tech Holdings'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 two times the semi-annual (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
New Focus Auto Tech Holdings (HKSE:00360) 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.
New Focus Auto Tech Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of New Focus Auto Tech Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
New Focus Auto Tech Holdings (HKSE:00360) Business Description
New Focus Auto Tech Holdings Ltd is an investment holding company and its subsidiaries are principally engaged in the manufacture and sale of electronic and power-related automotive parts and accessories and operating the 4S dealership stores and related business. Its segments include Manufacturing and trading Business and Automobile Dealership and Service Business. The firm generates a majority of its revenue from the Manufacturing Business segment engaged in the manufacture and sale of automobile accessories. Geographically, the company operates in America, Europe, Asia Pacific, and the People's Republic of China.
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