What is Highest Performances 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. Highest Performances Holdings's annualized net income for the quarter that ended in Jun. 2023 was $-3.39 Mil. Highest Performances Holdings's average shareholder tangible equity for the quarter that ended in Jun. 2023 was $31.37 Mil. Therefore, Highest Performances Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 was -10.79%.
The historical rank and industry rank for Highest Performances Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HPH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -20.53 Med: -8.46 Max: 39.88
Current: -18.35
During the past 7 years, Highest Performances Holdings's highest Return-on-Tangible-Equity was 39.88%. The lowest was -20.53%. And the median was -8.46%.
HPH's Return-on-Tangible-Equity is ranked worse than 90.58% of 1677
companies
in the Asset Management industry
Industry Median: 4.52
vs HPH: -18.35
Highest Performances Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Highest Performances 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 Highest Performances Holdings's Return-on-Tangible-Equity
For the Asset Management subindustry, Highest Performances 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.
Highest Performances Holdings's Return-on-Tangible-Equity Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Highest Performances Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Highest Performances 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 (Jun. 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.
Highest Performances Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Highest Performances Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Highest Performances Holdings (Highest Performances Holdings) Business Description
Puyi Inc is the third-party wealth management services provider in China. The company provides wealth management services, corporate finance services and asset management services. It generates a majority of the revenue from wealth management services under which it distributes wealth management products both online and offline through its branch network. Products distributed online include publicly raised fund products, exchange administered products and asset management plans. Products distributed offline include privately raised fund products. In addition, the company also has a corporate finance services business, under which it provides corporate borrowers with financing solutions, including product design, identification of sources of funding, compliance and risk management.
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