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Hainan RuiZe New Building Material Co (SZSE:002596) Return-on-Tangible-Equity : -17.31% (As of Jun. 2024)


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What is Hainan RuiZe New Building Material 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. Hainan RuiZe New Building Material Co's annualized net income for the quarter that ended in Jun. 2024 was ¥-127 Mil. Hainan RuiZe New Building Material Co's average shareholder tangible equity for the quarter that ended in Jun. 2024 was ¥734 Mil. Therefore, Hainan RuiZe New Building Material Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was -17.31%.

The historical rank and industry rank for Hainan RuiZe New Building Material Co's Return-on-Tangible-Equity or its related term are showing as below:

SZSE:002596' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -81.3   Med: 3.19   Max: 9.36
Current: -57.35

During the past 13 years, Hainan RuiZe New Building Material Co's highest Return-on-Tangible-Equity was 9.36%. The lowest was -81.30%. And the median was 3.19%.

SZSE:002596's Return-on-Tangible-Equity is ranked worse than
96.83% of 379 companies
in the Building Materials industry
Industry Median: 6.72 vs SZSE:002596: -57.35

Hainan RuiZe New Building Material Co Return-on-Tangible-Equity Historical Data

The historical data trend for Hainan RuiZe New Building Material 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.

Hainan RuiZe New Building Material Co Return-on-Tangible-Equity Chart

Hainan RuiZe New Building Material Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -28.15 2.51 -81.30 -46.22 -58.50

Hainan RuiZe New Building Material Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -28.19 -5.14 -194.37 -8.85 -17.31

Competitive Comparison of Hainan RuiZe New Building Material Co's Return-on-Tangible-Equity

For the Building Materials subindustry, Hainan RuiZe New Building Material 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.


Hainan RuiZe New Building Material Co's Return-on-Tangible-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Hainan RuiZe New Building Material Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Hainan RuiZe New Building Material Co's Return-on-Tangible-Equity falls into.



Hainan RuiZe New Building Material Co Return-on-Tangible-Equity Calculation

Hainan RuiZe New Building Material Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=-506.839/( (984.239+748.666 )/ 2 )
=-506.839/866.4525
=-58.50 %

Hainan RuiZe New Building Material Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=-126.964/( (743.662+723.374)/ 2 )
=-126.964/733.518
=-17.31 %

* 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 (Jun. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Hainan RuiZe New Building Material Co  (SZSE:002596) 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.


Hainan RuiZe New Building Material Co Return-on-Tangible-Equity Related Terms

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Hainan RuiZe New Building Material Co Business Description

Traded in Other Exchanges
N/A
Address
No.488 Yingbin Road, Sanya, CHN, 572011
Hainan RuiZe New Building Material Co Ltd is engaged in the manufacturing and sale of concrete, wall materials, and cement. In addition, it is also involved in the landscaping business. The company's products are mainly used in large-scale construction projects, including national, provincial and municipal large-scale urban base facilities, traffic engineering and large-scale residential projects. Geographically the group operates through China.
Executives
Zhang Hai Lin Director
Yu Qing Chi Directors, Directors, and Executives
Bai Jing Independent director
Zhang Yi Lin Directors, executives
Yi Cheng Zhen Executives
Chen Hong Zhe Executives
Yang Zhuang Xu Supervisors
Gao Xu Supervisors
Wang Pei Ming Director

Hainan RuiZe New Building Material Co Headlines

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