What is China Jinmao Holdings Group 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 Jinmao Holdings Group's annualized net income for the quarter that ended in Dec. 2023 was HK$-16,034 Mil. China Jinmao Holdings Group's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$45,938 Mil. Therefore, China Jinmao Holdings Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -34.90%.
The historical rank and industry rank for China Jinmao Holdings Group's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00817'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -15.97 Med: 9.64 Max: 15.73
Current: -15.71
During the past 13 years, China Jinmao Holdings Group's highest Return-on-Tangible-Equity was 15.73%. The lowest was -15.97%. And the median was 9.64%.
HKSE:00817's Return-on-Tangible-Equity is ranked worse than 87.08% of 1757
companies
in the Real Estate industry
Industry Median: 2.86
vs HKSE:00817: -15.71
China Jinmao Holdings Group 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 Jinmao Holdings Group Return-on-Tangible-Equity Chart
Competitive Comparison of China Jinmao Holdings Group's Return-on-Tangible-Equity
For the Real Estate - Development subindustry, China Jinmao Holdings Group'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 Jinmao Holdings Group's Return-on-Tangible-Equity Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, China Jinmao Holdings Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Jinmao Holdings Group's Return-on-Tangible-Equity falls into.
China Jinmao Holdings Group Return-on-Tangible-Equity Calculation
China Jinmao Holdings Group'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 Jinmao Holdings Group (HKSE:00817) 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 Jinmao Holdings Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of China Jinmao Holdings Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
China Jinmao Holdings Group (HKSE:00817) Business Description
China Jinmao, formerly known as Franshion Properties, is a mid-cap real estate developer in China, and listed on the Hong Kong stock exchange in 2007. As the real estate arm of Sinochem, a leading government-controlled chemical-producing conglomerate, China Jinmao focuses on the development of high-end residential projects in higher-tier cities of China with premium pricing. It also engages in a unique city operation model, in which it has opportunities to participate in large-scale primary and secondary land development through specific agreements with local government. Under the mixed ownership reform initiative, China Jinmao brought in Ping An as a long-term financial investor and as the second largest shareholder.
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