What is Geely Automobile Holdings 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. Geely Automobile Holdings's annualized net income for the quarter that ended in Dec. 2023 was HK$8,176 Mil. Geely Automobile Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$54,641 Mil. Therefore, Geely Automobile Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 14.96%.
The historical rank and industry rank for Geely Automobile Holdings's Return-on-Tangible-Equity or its related term are showing as below:
LTS:0YZ2'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.3 Med: 16.52 Max: 57.66
Current: 10.61
During the past 13 years, Geely Automobile Holdings's highest Return-on-Tangible-Equity was 57.66%. The lowest was 10.30%. And the median was 16.52%.
LTS:0YZ2's Return-on-Tangible-Equity is ranked better than 57.22% of 1246
companies
in the Vehicles & Parts industry
Industry Median: 8.415
vs LTS:0YZ2: 10.61
Geely Automobile Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Geely Automobile 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.
Competitive Comparison of Geely Automobile Holdings's Return-on-Tangible-Equity
For the Auto Manufacturers subindustry, Geely Automobile 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.
Geely Automobile Holdings's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Geely Automobile Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Geely Automobile Holdings'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 (Dec. 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.
Geely Automobile Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Geely Automobile Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Geely Automobile Holdings (LTS:0YZ2) Business Description
Based in Hangzhou, Zhejiang province, Geely Automobile Holdings manufactures and sells passenger vehicles and automotive parts. Geely is the largest local brand manufacturer and the third largest passenger vehicle brand in terms of sales volume in China. The firm formed a joint venture with Volvo in 2016 to build cars under the Lynk & Co brand. The new brand targets a young audience with sales and marketing approaches closely resembling those of modern lifestyle brands. Including Lynk & Co, Geely sold about 1.4 million cars in 2022. The domestic market accounts for more than 90% of Geely's revenue, with the rest coming from other parts of the world.
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