What is Rykadan Capital 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. Rykadan Capital's annualized net income for the quarter that ended in Sep. 2023 was HK$-117.22 Mil. Rykadan Capital's average shareholder tangible equity for the quarter that ended in Sep. 2023 was HK$1,005.20 Mil. Therefore, Rykadan Capital's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was -11.66%.
The historical rank and industry rank for Rykadan Capital's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:02288'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -18.6 Med: 1.55 Max: 41.22
Current: -18.6
During the past 13 years, Rykadan Capital's highest Return-on-Tangible-Equity was 41.22%. The lowest was -18.60%. And the median was 1.55%.
HKSE:02288's Return-on-Tangible-Equity is ranked worse than 88.39% of 1757
companies
in the Real Estate industry
Industry Median: 2.83
vs HKSE:02288: -18.60
Rykadan Capital Return-on-Tangible-Equity Historical Data
The historical data trend for Rykadan Capital'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 Rykadan Capital's Return-on-Tangible-Equity
For the Real Estate - Development subindustry, Rykadan Capital'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.
Rykadan Capital's Return-on-Tangible-Equity Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Rykadan Capital's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Rykadan Capital's Return-on-Tangible-Equity falls into.
Rykadan Capital Return-on-Tangible-Equity Calculation
Rykadan Capital's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 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 (Sep. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Rykadan Capital (HKSE:02288) 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.
Rykadan Capital Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Rykadan Capital's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Rykadan Capital Ltd is an investment holding company. Its businesses are Property development, Property investment, Asset investment and fund management, and Distribution of construction and interior decorative materials. The key revenue is derived from the Property development segment which comprises repositioning and value enhancement of property with a focus on development projects in prime locations in Hong Kong, the United Kingdom, and the United States. Geographically, it derives a majority of revenue from the United Kingdom.
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