Kina Securities (ASX:KSL) Return-on-Tangible-Equity : 23.25% (As of Dec. 2023)

Kina Securities Return-on-Tangible-Equity Chart

Kina Securities Annual Data
	Trend	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Return-on-Tangible-Equity		Get a 7-Day Free Trial				36.31	24.51	16.28	25.29	20.87

Kina Securities Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Return-on-Tangible-Equity	Get a 7-Day Free Trial												14.50	20.93	30.75	19.04	23.25

Competitive Comparison of Kina Securities's Return-on-Tangible-Equity

For the Financial Conglomerates subindustry, Kina Securities'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.

Kina Securities's Return-on-Tangible-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Kina Securities's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Kina Securities's Return-on-Tangible-Equity falls into.

Kina Securities Return-on-Tangible-Equity Calculation

Kina Securities's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Kina Securities's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

* 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.

Kina Securities  (ASX:KSL) 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.

Kina Securities Return-on-Tangible-Equity Related Terms

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Kina Securities (ASX:KSL) Business Description