Kin Shing Holdings (HKSE:01630) Return-on-Tangible-Equity

: -8.05% (As of Sep. 2023)

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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. Kin Shing Holdings's annualized net income for the quarter that ended in Sep. 2023 was HK$-13.1 Mil. Kin Shing Holdings's average shareholder tangible equity for the quarter that ended in Sep. 2023 was HK$162.8 Mil. Therefore, Kin Shing Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was -8.05%.

The historical rank and industry rank for Kin Shing Holdings's Return-on-Tangible-Equity or its related term are showing as below:

HKSE:01630' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -10.18 Med: 13.08 Max: 150.2
Current: 6.04

During the past 10 years, Kin Shing Holdings's highest Return-on-Tangible-Equity was 150.20%. The lowest was -10.18%. And the median was 13.08%.

HKSE:01630's Return-on-Tangible-Equity is ranked worse than
56.53% of 1601 companies
in the Construction industry
Industry Median: 7.82 vs HKSE:01630: 6.04

Kin Shing Holdings Return-on-Tangible-Equity Historical Data

The historical data trend for Kin Shing Holdings'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.

Kin Shing Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Return-on-Tangible-Equity

-10.18

-6.39

1.59

-7.79

7.42

Kin Shing Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Return-on-Tangible-Equity														-7.60	-7.98	-5.57	20.41	-8.05

Competitive Comparison

For the Engineering & Construction subindustry, Kin Shing Holdings'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.

Kin Shing Holdings Return-on-Tangible-Equity Distribution

For the Construction industry and Industrials sector, Kin Shing Holdings's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Kin Shing Holdings's Return-on-Tangible-Equity falls into.

Kin Shing Holdings Return-on-Tangible-Equity Calculation

Kin Shing Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	11.887	/	( (154.224	+	166.111 )	/ 2 )
	=	11.887	/	160.1675
	=	7.42 %

Kin Shing Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-13.104	/	( (166.111	+	159.559)	/ 2 )
	=	-13.104	/	162.835
	=	-8.05 %

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.

Kin Shing Holdings (HKSE:01630) 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.

Kin Shing Holdings Return-on-Tangible-Equity Related Terms

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Kin Shing Holdings (HKSE:01630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kin Shing Holdings Ltd (HKSE:01630) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Cheung Yue Street, Unit D, 9th Floor, Billion Plaza 2, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.kinshingholdings.com.hk

Kin Shing Holdings Ltd is an investment holding company. The group is a formwork subcontractor. The operating segments of the company include the Formwork works segment which is engaged in the provision of formwork works and other ancillary works and the Building construction works segment and the Trading and Investment business which is engaged in investing in financial instruments. The company generates maximum revenue from the Formwork works segment. Geographically, the group's operations are located in Hong Kong.

Kin Shing Holdings (HKSE:01630) Headlines

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