What is China Communications Services 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. China Communications Services's annualized net income for the quarter that ended in Dec. 2023 was HK$3,391 Mil. China Communications Services's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$45,045 Mil. Therefore, China Communications Services's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 7.53%.
The historical rank and industry rank for China Communications Services's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00552'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.32 Med: 9.35 Max: 10.3
Current: 8.76
During the past 13 years, China Communications Services's highest Return-on-Tangible-Equity was 10.30%. The lowest was 8.32%. And the median was 9.35%.
HKSE:00552's Return-on-Tangible-Equity is ranked worse than 60.95% of 338
companies
in the Telecommunication Services industry
Industry Median: 13.51
vs HKSE:00552: 8.76
China Communications Services 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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China Communications Services Return-on-Tangible-Equity Chart
Competitive Comparison of China Communications Services's Return-on-Tangible-Equity
For the Telecom Services subindustry, China Communications Services'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.
China Communications Services's Return-on-Tangible-Equity Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, China Communications Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Communications Services's Return-on-Tangible-Equity falls into.
China Communications Services Return-on-Tangible-Equity Calculation
China Communications Services'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.
China Communications Services (HKSE:00552) 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.
China Communications Services Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of China Communications Services's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
China Communications Services (HKSE:00552) Business Description
China Communications Services Corp Ltd is active in the technology sector. It provides integrated comprehensive solutions for the informatization and digitalization sector. It provides integrated solutions, including telecommunications infrastructure services, business process outsourcing services as well as applications, content, and other services to telecommunications operators, government agencies, industrial customers, and small-and-medium enterprises.
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