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. FinTech Chain's annualized net income for the quarter that ended in Sep. 2023 was A$-1.55 Mil. FinTech Chain's average shareholder tangible equity for the quarter that ended in Sep. 2023 was A$-1.35 Mil. Therefore, FinTech Chain's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was N/A%.
The historical rank and industry rank for FinTech Chain's Return-on-Tangible-Equity or its related term are showing as below:
ASX:FTC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -118.27 Med: -85 Max: -61.17
Current: Negative Tangible Equity
During the past 11 years, FinTech Chain's highest Return-on-Tangible-Equity was -61.17%. The lowest was -118.27%. And the median was -85.00%.
ASX:FTC's Return-on-Tangible-Equity is ranked better than 99.87% of 2381
companies
in the Software industry
Industry Median: 7.59
vs ASX:FTC: Negative Tangible Equity
FinTech Chain Return-on-Tangible-Equity Historical Data
The historical data trend for FinTech Chain'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 FinTech Chain's Return-on-Tangible-Equity
For the Software - Infrastructure subindustry, FinTech Chain'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.
FinTech Chain's Return-on-Tangible-Equity Distribution in the Software Industry
For the Software industry and Technology sector, FinTech Chain's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where FinTech Chain's Return-on-Tangible-Equity falls into.
* 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 (Sep. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
FinTech Chain Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of FinTech Chain's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
FinTech Chain Ltd is a provider of Integrated Payment Acquiring infrastructure for banks and Industry Application Solutions. Geographically, it derives a majority of its revenue from PRC. It serves banking, catering, department store, community, tourism, and retail industries. Its product portfolio includes Prepaid Cards, Integrated Payment Systems, POS P, BIN-Based Promotion Tools, Transaction E-Authentication, Digital Community Service, T-Linx Cloud Service, T-PAD, TL-008/009, and others. The company earns revenue from the provision of system development services; provision of information technology services; provision of point-of-sale machine services and the sale of point-of-sale machines.
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