GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hopewell Holdings Ltd (OTCPK:HOWWY) » Definitions » Return-on-Tangible-Equity

Hopewell Holdings (Hopewell Holdings) Return-on-Tangible-Equity : 27.05% (As of Jun. 2018)


View and export this data going back to . Start your Free Trial

What is Hopewell 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. Hopewell Holdings's annualized net income for the quarter that ended in Jun. 2018 was $1,748.2 Mil. Hopewell Holdings's average shareholder tangible equity for the quarter that ended in Jun. 2018 was $6,463.8 Mil. Therefore, Hopewell Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2018 was 27.05%.

The historical rank and industry rank for Hopewell Holdings's Return-on-Tangible-Equity or its related term are showing as below:

HOWWY's Return-on-Tangible-Equity is not ranked *
in the Construction industry.
Industry Median: 7.82
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Hopewell Holdings Return-on-Tangible-Equity Historical Data

The historical data trend for Hopewell 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.

* Premium members only.

Hopewell Holdings Return-on-Tangible-Equity Chart

Hopewell Holdings Annual Data
Trend Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.12 6.35 6.00 4.17 17.91

Hopewell Holdings Semi-Annual Data
Jun08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.20 3.71 4.69 8.80 27.05

Competitive Comparison of Hopewell Holdings's Return-on-Tangible-Equity

For the Infrastructure Operations subindustry, Hopewell 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.


Hopewell Holdings's Return-on-Tangible-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Hopewell Holdings's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Hopewell Holdings's Return-on-Tangible-Equity falls into.



Hopewell Holdings Return-on-Tangible-Equity Calculation

Hopewell Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2018 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jun. 2018 )  (A: Jun. 2017 )(A: Jun. 2018 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jun. 2018 )  (A: Jun. 2017 )(A: Jun. 2018 )
=1143.031/( (6058.43+6709.132 )/ 2 )
=1143.031/6383.781
=17.91 %

Hopewell Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2018 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2018 )  (Q: Dec. 2017 )(Q: Jun. 2018 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2018 )  (Q: Dec. 2017 )(Q: Jun. 2018 )
=1748.208/( (6218.384+6709.132)/ 2 )
=1748.208/6463.758
=27.05 %

* 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 (Jun. 2018) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Hopewell Holdings  (OTCPK:HOWWY) 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.


Hopewell Holdings Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Hopewell Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Hopewell Holdings (Hopewell Holdings) Business Description

Traded in Other Exchanges
N/A
Address
183 Queen’s Road East, 64th Floor, Hopewell Centre, Wan Chai, Hong Kong, HKG
Hopewell Holdings Ltd is an investment and infrastructure company domiciled in Hong Kong. The company operates through seven segments: property investment; hotel, restaurant, and catering operation; property development; toll road investment; power plant; treasury income; and other operations. Toll road investment, the most significant contributor to revenue, invests in toll road projects. Property investment and property development are the next most significant segments, and let, manage, develop, and sell property investments. Power plant, which contributes a similar amount of revenue as property investment and property development, operates power plant assets. The company derives the majority of income domestically, and also operates in the People's Republic of China.

Hopewell Holdings (Hopewell Holdings) Headlines

From GuruFocus