The historical rank and industry rank for Shandong Hualu-hengsheng Chemical Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600426'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.93 Med: 14.31 Max: 41.54
Current: 14.58
During the past 13 years, Shandong Hualu-hengsheng Chemical Co's highest Return-on-Tangible-Equity was 41.54%. The lowest was 11.93%. And the median was 14.31%.
SHSE:600426's Return-on-Tangible-Equity is ranked better than 79.71% of 1518
companies
in the Chemicals industry
Industry Median: 5.865
vs SHSE:600426: 14.58
Shandong Hualu-hengsheng Chemical Co Return-on-Tangible-Equity Historical Data
* 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.
Shandong Hualu-hengsheng Chemical Co Return-on-Tangible-Equity Chart
Competitive Comparison of Shandong Hualu-hengsheng Chemical Co's Return-on-Tangible-Equity
For the Chemicals subindustry, Shandong Hualu-hengsheng Chemical 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.
Shandong Hualu-hengsheng Chemical Co's Return-on-Tangible-Equity Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shandong Hualu-hengsheng Chemical Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shandong Hualu-hengsheng Chemical Co's Return-on-Tangible-Equity falls into.
Shandong Hualu-hengsheng Chemical Co Return-on-Tangible-Equity Calculation
* 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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Shandong Hualu-hengsheng Chemical Co (SHSE:600426) 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.
Shandong Hualu-hengsheng Chemical Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Shandong Hualu-hengsheng Chemical Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Business Description
Shandong Hualu-hengsheng Chemical Co Ltd manufactures and sells chemical materials and chemical fertilizers worldwide. The company offers chemical fertilizers, such as compound fertilizers, urea, ammonium bicarbonate, ammonium sulfate, and liquid fertilizers; DMF and organic amine products, including DMF, monomethylamine, dimethylamine, and trimethylamine; and acetic acid and acetic anhydride. It also provides new chemical materials comprising ethylene glycol, adipic acid, cyclohexanone, butyl alcohol, butanal, octyl alcohol, and melamine; basic chemicals that include nitric acid, methanol, liquid ammonia, and sulfur; and industrial gases, such as liquid oxygen, nitrogen, and argon.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SHSE:600426 has been successfully added to your 