What is EEKA Fashion Holdings 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. EEKA Fashion Holdings's annualized net income for the quarter that ended in Dec. 2023 was HK$860 Mil. EEKA Fashion Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$2,690 Mil. Therefore, EEKA Fashion Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 31.96%.
The historical rank and industry rank for EEKA Fashion Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:03709'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 18.25 Med: 28.93 Max: 35.98
Current: 35.98
During the past 11 years, EEKA Fashion Holdings's highest Return-on-Tangible-Equity was 35.98%. The lowest was 18.25%. And the median was 28.93%.
HKSE:03709's Return-on-Tangible-Equity is ranked better than 85.13% of 1049
companies
in the Retail - Cyclical industry
Industry Median: 7.48
vs HKSE:03709: 35.98
EEKA Fashion Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for EEKA Fashion Holdings'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 EEKA Fashion Holdings's Return-on-Tangible-Equity
For the Apparel Retail subindustry, EEKA Fashion Holdings'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.
EEKA Fashion Holdings's Return-on-Tangible-Equity Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, EEKA Fashion Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where EEKA Fashion Holdings's Return-on-Tangible-Equity falls into.
* 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.
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.
EEKA Fashion Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of EEKA Fashion Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
EEKA Fashion Holdings (HKSE:03709) Business Description
EEKA Fashion Holdings Ltd is a women's clothing manufacturer and retailer in China. Its high-end Koradior, La Koradior and Koradior Elsewhere brands target women between 30 and 45 years old with dresses, skirts, trousers, shirts, knitwear, vests, jackets, overcoats, scarves, and accessories. The vast majority of its sales are direct to customers through company-operated retail stores. The company also sells its items through third-party e-commerce platforms and through distributor-operated retail stores. Virtually all of its revenue is generated in China.
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