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. FIT Hon Teng's annualized net income for the quarter that ended in Dec. 2023 was HK$2,154 Mil. FIT Hon Teng's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$13,111 Mil. Therefore, FIT Hon Teng's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 16.43%.
The historical rank and industry rank for FIT Hon Teng's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:06088'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.1 Med: 10.72 Max: 19.48
Current: 7.63
During the past 8 years, FIT Hon Teng's highest Return-on-Tangible-Equity was 19.48%. The lowest was 3.10%. And the median was 10.72%.
HKSE:06088's Return-on-Tangible-Equity is ranked better than 57.98% of 2363
companies
in the Hardware industry
Industry Median: 5.38
vs HKSE:06088: 7.63
FIT Hon Teng Return-on-Tangible-Equity Historical Data
The historical data trend for FIT Hon Teng'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 FIT Hon Teng's Return-on-Tangible-Equity
For the Electronic Components subindustry, FIT Hon Teng'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.
FIT Hon Teng's Return-on-Tangible-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, FIT Hon Teng's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where FIT Hon Teng's Return-on-Tangible-Equity falls into.
FIT Hon Teng Return-on-Tangible-Equity Calculation
FIT Hon Teng'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.
FIT Hon Teng (HKSE:06088) 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.
FIT Hon Teng Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of FIT Hon Teng's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
FIT Hon Teng Ltd is a manufacturer of electronic components. It focuses on the development, manufacturing, and marketing of electronic and optoelectronic connectors, antennas, acoustic components, cables, and modules for applications in computers, communication equipment, consumer electronics, automobiles, and industrial and green energy field products. Geographically, the group has a business presence in the U.S., the PRC, Taiwan, Hong Kong, the United Kingdom, Singapore, Malaysia, and other countries, of which a majority of revenue is derived from the U.S. Its operating segments are Intermediate products and Consumer products.
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