What is Fortune Valley Treasures 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. Fortune Valley Treasures's annualized net income for the quarter that ended in Dec. 2023 was $-9.85 Mil. Fortune Valley Treasures's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $2.89 Mil. Therefore, Fortune Valley Treasures's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -340.70%.
The historical rank and industry rank for Fortune Valley Treasures's Return-on-Tangible-Equity or its related term are showing as below:
FVTI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -522.22 Med: -125.59 Max: 44.44
Current: -92.77
During the past 9 years, Fortune Valley Treasures's highest Return-on-Tangible-Equity was 44.44%. The lowest was -522.22%. And the median was -125.59%.
FVTI's Return-on-Tangible-Equity is ranked worse than 94.2% of 207
companies
in the Beverages - Alcoholic industry
Industry Median: 9.71
vs FVTI: -92.77
Fortune Valley Treasures Return-on-Tangible-Equity Historical Data
The historical data trend for Fortune Valley Treasures'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.
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Fortune Valley Treasures Return-on-Tangible-Equity Chart
Competitive Comparison of Fortune Valley Treasures's Return-on-Tangible-Equity
For the Beverages - Wineries & Distilleries subindustry, Fortune Valley Treasures'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.
Fortune Valley Treasures's Return-on-Tangible-Equity Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Fortune Valley Treasures's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fortune Valley Treasures's Return-on-Tangible-Equity falls into.
Fortune Valley Treasures Return-on-Tangible-Equity Calculation
Fortune Valley Treasures's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Fortune Valley Treasures (OTCPK:FVTI) 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.
Fortune Valley Treasures Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Fortune Valley Treasures's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortune Valley Treasures (Fortune Valley Treasures) Business Description
Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of food and beverage products in the People's Republic of China. The company is into acquiring businesses that are in the food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.
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