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Pangaea Connectivity Technology (HKSE:01473) Return-on-Tangible-Equity : 13.41% (As of Sep. 2024)


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What is Pangaea Connectivity Technology 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. Pangaea Connectivity Technology's annualized net income for the quarter that ended in Sep. 2024 was HK$29 Mil. Pangaea Connectivity Technology's average shareholder tangible equity for the quarter that ended in Sep. 2024 was HK$218 Mil. Therefore, Pangaea Connectivity Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was 13.41%.

The historical rank and industry rank for Pangaea Connectivity Technology's Return-on-Tangible-Equity or its related term are showing as below:

HKSE:01473' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.72   Med: 25.72   Max: 39.74
Current: 13.63

During the past 8 years, Pangaea Connectivity Technology's highest Return-on-Tangible-Equity was 39.74%. The lowest was -12.72%. And the median was 25.72%.

HKSE:01473's Return-on-Tangible-Equity is ranked better than
77.59% of 2343 companies
in the Hardware industry
Industry Median: 4.97 vs HKSE:01473: 13.63

Pangaea Connectivity Technology Return-on-Tangible-Equity Historical Data

The historical data trend for Pangaea Connectivity Technology'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.

Pangaea Connectivity Technology Return-on-Tangible-Equity Chart

Pangaea Connectivity Technology Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Return-on-Tangible-Equity
Get a 7-Day Free Trial 25.72 1.38 -12.00 -12.72 13.61

Pangaea Connectivity Technology Semi-Annual Data
Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 -26.71 -11.61 -13.70 13.41 13.85

Competitive Comparison of Pangaea Connectivity Technology's Return-on-Tangible-Equity

For the Communication Equipment subindustry, Pangaea Connectivity Technology'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.


Pangaea Connectivity Technology's Return-on-Tangible-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Pangaea Connectivity Technology's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Pangaea Connectivity Technology's Return-on-Tangible-Equity falls into.


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Pangaea Connectivity Technology Return-on-Tangible-Equity Calculation

Pangaea Connectivity Technology's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=-29.261/( (248.548+211.685 )/ 2 )
=-29.261/230.1165
=-12.72 %

Pangaea Connectivity Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=29.166/( (211.685+223.414)/ 2 )
=29.166/217.5495
=13.41 %

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


Pangaea Connectivity Technology  (HKSE:01473) 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.


Pangaea Connectivity Technology Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Pangaea Connectivity Technology's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Pangaea Connectivity Technology Business Description

Traded in Other Exchanges
N/A
Address
181 Johnston Road, Rooms 902-6, 9th Floor, Tai Yau Building, Wanchai, Hong Kong, HKG
Pangaea Connectivity Technology Ltd is involved in the telecom and datacom connectivity industry. It offers connectivity products covering wireless microwave networks, optical networks from access to metro to regional and long haul, and data center and commercial networks for cellular, fixed, personal and private usage. The company is principally engaged in import and export of connectivity products which are used in telecom and datacom connectivity industry for different end applications such as telecom infrastructure, data centres, high performance computing, IoT, and network connectivity products.
Executives
Generous Horizon Limited 2101 Beneficial owner
Fung Yui Kong 2201 Interest of corporation controlled by you
Lam Esther W. 2202 Interest of your spouse
Poon Ka Ho Stanley 2101 Beneficial owner
Generous Team Limited

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