Alibaba Health Information Technology (Alibaba Health Information Technology) Return-on-Tangible-Equity : 5.97% (As of Sep. 2023)

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What is Alibaba Health Information 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. Alibaba Health Information Technology's annualized net income for the quarter that ended in Sep. 2023 was $122 Mil. Alibaba Health Information Technology's average shareholder tangible equity for the quarter that ended in Sep. 2023 was $2,046 Mil. Therefore, Alibaba Health Information Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 5.97%.

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

ALBHF' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.93 Med: -4.46 Max: 5.69
Current: 5.69

During the past 13 years, Alibaba Health Information Technology's highest Return-on-Tangible-Equity was 5.69%. The lowest was -16.93%. And the median was -4.46%.

ALBHF's Return-on-Tangible-Equity is ranked worse than
59.7% of 536 companies
in the Healthcare Providers & Services industry
Industry Median: 10.215 vs ALBHF: 5.69

Alibaba Health Information Technology Return-on-Tangible-Equity Historical Data

The historical data trend for Alibaba Health Information 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.

Alibaba Health Information Technology Return-on-Tangible-Equity Chart

Alibaba Health Information Technology Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Return-on-Tangible-Equity

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-2.99

-0.16

3.65

-1.98

3.79

Alibaba Health Information Technology Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Return-on-Tangible-Equity	Get a 7-Day Free Trial															-3.43	-0.53	2.30	5.38	5.97

Competitive Comparison of Alibaba Health Information Technology's Return-on-Tangible-Equity

For the Pharmaceutical Retailers subindustry, Alibaba Health Information 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.

Alibaba Health Information Technology's Return-on-Tangible-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Alibaba Health Information Technology's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Alibaba Health Information Technology's Return-on-Tangible-Equity falls into.

Alibaba Health Information Technology Return-on-Tangible-Equity Calculation

Alibaba Health Information Technology'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 )
	=	77.407	/	( (2042.895	+	2039.46 )	/ 2 )
	=	77.407	/	2041.1775
	=	3.79 %

Alibaba Health Information Technology'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 )
	=	122.198	/	( (2039.46	+	2052.287)	/ 2 )
	=	122.198	/	2045.8735
	=	5.97 %

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.

Alibaba Health Information Technology (OTCPK:ALBHF) 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.

Alibaba Health Information Technology Return-on-Tangible-Equity Related Terms

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Alibaba Health Information Technology (Alibaba Health Information Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Alibaba Health Information Technology Ltd (OTCPK:ALBHF) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

ALBBY:USA 00241:Hong Kong TWYA:Germany TWY:Germany TWY:Germany

Address

Guanghua Road, 65/F, CITIC Tower, Building 1, No.10, Jianwai Subdistrict, Chaoyang District, Beijing, CHN

Website

https://www.alihealth.cn

Alibaba Health is of one of China's leading e-commerce platform specializing in healthcare-related products, including prescription drugs, OTC drugs, traditional Chinese medicine, health foods, and so on. The company operates both a third-party B2C service, or 3P, and its own direct-to-consumer business, or 1P, with its own inventory, which can both be accessed by Alibaba's Tmall app and Alipay. The company also provides online consultation services in a separate app called Yilu or "Dr. Deer", although its e-commerce businesses remain its core competency in the long-term. E-commerce accounted for 97% of revenue in fiscal year 2022. We estimate that AliHealth holds about 45% of market share in the industry in terms of GMV. AliHealth is 63.74% owned by its parent company, Alibaba Group.