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. Jiashili Group's annualized net income for the quarter that ended in Dec. 2023 was HK$77 Mil. Jiashili Group's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$834 Mil. Therefore, Jiashili Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 9.21%.
The historical rank and industry rank for Jiashili Group's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:01285'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.68 Med: 16.59 Max: 23.22
Current: 8.17
During the past 11 years, Jiashili Group's highest Return-on-Tangible-Equity was 23.22%. The lowest was 7.68%. And the median was 16.59%.
HKSE:01285's Return-on-Tangible-Equity is ranked better than 51.54% of 1791
companies
in the Consumer Packaged Goods industry
Industry Median: 7.73
vs HKSE:01285: 8.17
Jiashili Group Return-on-Tangible-Equity Historical Data
The historical data trend for Jiashili Group'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 Jiashili Group's Return-on-Tangible-Equity
For the Packaged Foods subindustry, Jiashili 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.
Jiashili Group's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Jiashili Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Jiashili Group's Return-on-Tangible-Equity falls into.
Jiashili Group Return-on-Tangible-Equity Calculation
Jiashili 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.
Jiashili Group (HKSE:01285) 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.
Jiashili Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Jiashili Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Jiashili Group Ltd is an investment holding company, which engages in the manufacture and sale of candy and biscuits in the People's Republic of China. The company offers Breakfast, Crisp, Sandwich, Wafers, Coarse grain series products and others, along with Soda biscuits, Cookies, Short biscuits, and Mooncakes. It is also involved in the wholesale and retail of pre-packaged food products. The group generates majority revenue from the sales of Breakfast biscuit series products. All of the group's operations are located in the PRC. It sells products in the PRC and also exports it to other countries.
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