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Sichuan Western Resources Holding Co (SHSE:600139) Return-on-Tangible-Equity : 0.00% (As of Sep. 2022)


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What is Sichuan Western Resources Holding Co 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. Sichuan Western Resources Holding Co's annualized net income for the quarter that ended in Sep. 2022 was ¥-140.88 Mil. Sichuan Western Resources Holding Co's average shareholder tangible equity for the quarter that ended in Sep. 2022 was ¥-920.69 Mil. Therefore, Sichuan Western Resources Holding Co's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2022 was N/A%.

The historical rank and industry rank for Sichuan Western Resources Holding Co's Return-on-Tangible-Equity or its related term are showing as below:

SHSE:600139's Return-on-Tangible-Equity is not ranked *
in the Conglomerates industry.
Industry Median: 7.455
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Sichuan Western Resources Holding Co Return-on-Tangible-Equity Historical Data

The historical data trend for Sichuan Western Resources Holding Co'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.

Sichuan Western Resources Holding Co Return-on-Tangible-Equity Chart

Sichuan Western Resources Holding Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Return-on-Tangible-Equity
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Sichuan Western Resources Holding Co Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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Competitive Comparison of Sichuan Western Resources Holding Co's Return-on-Tangible-Equity

For the Conglomerates subindustry, Sichuan Western Resources Holding Co'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.


Sichuan Western Resources Holding Co's Return-on-Tangible-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Sichuan Western Resources Holding Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Sichuan Western Resources Holding Co's Return-on-Tangible-Equity falls into.



Sichuan Western Resources Holding Co Return-on-Tangible-Equity Calculation

Sichuan Western Resources Holding Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2021 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=-637.439/( (-311.404+-834.207 )/ 2 )
=-637.439/-572.8055
=N/A %

Sichuan Western Resources Holding Co's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=-140.876/( (-903.086+-938.293)/ 2 )
=-140.876/-920.6895
=N/A %

* 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 four times the quarterly (Sep. 2022) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Sichuan Western Resources Holding Co  (SHSE:600139) 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.


Sichuan Western Resources Holding Co Return-on-Tangible-Equity Related Terms

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Sichuan Western Resources Holding Co (SHSE:600139) Business Description

Traded in Other Exchanges
N/A
Address
No. 168 Bisheng Road, Jinjiang Industrial Development Zone, Chengdu, Sichuan, CHN, 610063
Sichuan Western Resources Holding Co Ltd engages in the exploration, mining, and beneficiation of various metals in China. It primarily explores for copper, gold, and silver metals. The company also manufactures and sells new energy vehicles and electric drive systems. In addition, it manufactures CNG and city buses; and develops and manufactures lithium-ion battery materials and related batteries products. Further, the company provides finance leasing services.

Sichuan Western Resources Holding Co (SHSE:600139) Headlines

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