What is Fortune Parts Industry PCL 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. Fortune Parts Industry PCL's annualized net income for the quarter that ended in Dec. 2023 was ฿407 Mil. Fortune Parts Industry PCL's average shareholder tangible equity for the quarter that ended in Dec. 2023 was ฿2,222 Mil. Therefore, Fortune Parts Industry PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 18.30%.
The historical rank and industry rank for Fortune Parts Industry PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:FPI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.7 Med: 18.28 Max: 28.18
Current: 17.21
During the past 13 years, Fortune Parts Industry PCL's highest Return-on-Tangible-Equity was 28.18%. The lowest was 1.70%. And the median was 18.28%.
BKK:FPI's Return-on-Tangible-Equity is ranked better than 75.68% of 1242
companies
in the Vehicles & Parts industry
Industry Median: 8.295
vs BKK:FPI: 17.21
Fortune Parts Industry PCL Return-on-Tangible-Equity Historical Data
* 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.
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Fortune Parts Industry PCL Return-on-Tangible-Equity Chart
Competitive Comparison of Fortune Parts Industry PCL's Return-on-Tangible-Equity
For the Auto Parts subindustry, Fortune Parts Industry PCL'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.
Fortune Parts Industry PCL's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Fortune Parts Industry PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fortune Parts Industry PCL's Return-on-Tangible-Equity falls into.
Fortune Parts Industry PCL Return-on-Tangible-Equity Calculation
Fortune Parts Industry PCL's annualized Return-on-Tangible-Equity for the fiscal year 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 four times the quarterly (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Fortune Parts Industry PCL (BKK:FPI) 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.
Fortune Parts Industry PCL Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Fortune Parts Industry PCL's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortune Parts Industry PCL (BKK:FPI) Business Description
Fortune Parts Industry PCL is engaged in the manufacture and distribution of automotive replacement parts, dipping, and painting services based in Thailand. It has three operating segments Domestic sales, which manufacture and domestic distribution of automotive parts and equipment; Export sales, which manufacture and overseas distribution of automotive parts and equipment; and Services from dipping and painting. Some of the products offered by the company are Plastic injection parts, Lamp and mirrors, Coolants, Engine and Break parts, among others. Export sales generate the majority of the revenue. Geographically, it makes sales in Thailand, Saudi Arabia, and other countries.
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