What is Aeon Credit Service (Asia) Co 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. Aeon Credit Service (Asia) Co's annualized net income for the quarter that ended in Feb. 2024 was HK$440 Mil. Aeon Credit Service (Asia) Co's average shareholder tangible equity for the quarter that ended in Feb. 2024 was HK$3,974 Mil. Therefore, Aeon Credit Service (Asia) Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2024 was 11.07%.
The historical rank and industry rank for Aeon Credit Service (Asia) Co's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00900'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.95 Med: 10.67 Max: 14.11
Current: 9.95
During the past 13 years, Aeon Credit Service (Asia) Co's highest Return-on-Tangible-Equity was 14.11%. The lowest was 8.95%. And the median was 10.67%.
HKSE:00900's Return-on-Tangible-Equity is ranked better than 62.25% of 506
companies
in the Credit Services industry
Industry Median: 6.91
vs HKSE:00900: 9.95
Aeon Credit Service (Asia) Co 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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Aeon Credit Service (Asia) Co Return-on-Tangible-Equity Chart
Competitive Comparison of Aeon Credit Service (Asia) Co's Return-on-Tangible-Equity
For the Credit Services subindustry, Aeon Credit Service (Asia) Co'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.
Aeon Credit Service (Asia) Co's Return-on-Tangible-Equity Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Aeon Credit Service (Asia) Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aeon Credit Service (Asia) Co's Return-on-Tangible-Equity falls into.
Aeon Credit Service (Asia) Co Return-on-Tangible-Equity Calculation
Aeon Credit Service (Asia) Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Feb. 2024 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 four times the quarterly (Feb. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Aeon Credit Service (Asia) Co (HKSE:00900) 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.
Aeon Credit Service (Asia) Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Aeon Credit Service (Asia) Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Aeon Credit Service (Asia) Co (HKSE:00900) Business Description
Aeon Credit Service (Asia) Co Ltd is engaged in the consumer finance business. Its activities include the issuance of credit cards and the provision of personal loan financing, insurance agency and brokerage business and microfinance business. The group's business comprises three operating segments, namely Credit card, Personal loans, and Insurance. It derives key revenue from the Credit card operation which involves the provision of credit card services to individuals and acquiring services for member-stores. Personal loans segment provides personal loan financing to individuals and the Insurance segment offers insurance agency and brokerage services. Geographically, the group has a business presence in Hong Kong and the PRC, of which a majority of the revenue is derived from Hong Kong.
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