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Sino Logistics PCL (BKK:SINO) Return-on-Tangible-Equity : 2.47% (As of Mar. 2024)


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What is Sino Logistics 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. Sino Logistics PCL's annualized net income for the quarter that ended in Mar. 2024 was ฿21 Mil. Sino Logistics PCL's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ฿863 Mil. Therefore, Sino Logistics PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 2.47%.

The historical rank and industry rank for Sino Logistics PCL's Return-on-Tangible-Equity or its related term are showing as below:

BKK:SINO' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.31   Med: 82.99   Max: 134.57
Current: 4.31

During the past 3 years, Sino Logistics PCL's highest Return-on-Tangible-Equity was 134.57%. The lowest was 4.31%. And the median was 82.99%.

BKK:SINO's Return-on-Tangible-Equity is ranked worse than
72.2% of 928 companies
in the Transportation industry
Industry Median: 9.655 vs BKK:SINO: 4.31

Sino Logistics PCL Return-on-Tangible-Equity Historical Data

The historical data trend for Sino Logistics PCL'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.

Sino Logistics PCL Return-on-Tangible-Equity Chart

Sino Logistics PCL Annual Data
Trend Dec21 Dec22 Dec23
Return-on-Tangible-Equity
82.99 134.57 6.99

Sino Logistics PCL Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only 14.90 15.57 4.03 -0.22 2.47

Competitive Comparison of Sino Logistics PCL's Return-on-Tangible-Equity

For the Integrated Freight & Logistics subindustry, Sino Logistics 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.


Sino Logistics PCL's Return-on-Tangible-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Sino Logistics PCL's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Sino Logistics PCL's Return-on-Tangible-Equity falls into.



Sino Logistics PCL Return-on-Tangible-Equity Calculation

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

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=52.693/( (646.403+860.719 )/ 2 )
=52.693/753.561
=6.99 %

Sino Logistics PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=21.348/( (860.719+866.101)/ 2 )
=21.348/863.41
=2.47 %

* 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 (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Sino Logistics PCL  (BKK:SINO) 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.


Sino Logistics PCL Return-on-Tangible-Equity Related Terms

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Sino Logistics PCL (BKK:SINO) Business Description

Traded in Other Exchanges
N/A
Address
Rama 3 Road, 7th Floor, Unit No. 05, 1011 Supalai Grand Tower, Chongnonsee, Yannawa, Bangkok, THA, 10120
Sino Logistics Corp PCL is engaged in international and domestic freight forwarding, for sea freight, air freight, land transportation, and multimodal transport operator, warehouse rental service, and provides customs clearance services for imports and exports. It has four reportable segments, which are sea freight, air freight, warehouse rental service, and logistics support. It generate the majority of its revenue from Sea freight.

Sino Logistics PCL (BKK:SINO) Headlines

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