What is Cho Thavee Dollasien 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. Cho Thavee Dollasien's annualized net income for the quarter that ended in Dec. 2023 was $-27.80 Mil. Cho Thavee Dollasien's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $16.96 Mil. Therefore, Cho Thavee Dollasien's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -163.98%.
The historical rank and industry rank for Cho Thavee Dollasien's Return-on-Tangible-Equity or its related term are showing as below:
CHOTF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -85.82 Med: -8.45 Max: 18.53
Current: -79
During the past 13 years, Cho Thavee Dollasien's highest Return-on-Tangible-Equity was 18.53%. The lowest was -85.82%. And the median was -8.45%.
CHOTF's Return-on-Tangible-Equity is ranked worse than 95.48% of 199
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.4
vs CHOTF: -79.00
Cho Thavee Dollasien Return-on-Tangible-Equity Historical Data
The historical data trend for Cho Thavee Dollasien'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.
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Cho Thavee Dollasien Return-on-Tangible-Equity Chart
Competitive Comparison of Cho Thavee Dollasien's Return-on-Tangible-Equity
For the Farm & Heavy Construction Machinery subindustry, Cho Thavee Dollasien'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.
Cho Thavee Dollasien's Return-on-Tangible-Equity Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Cho Thavee Dollasien's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Cho Thavee Dollasien's Return-on-Tangible-Equity falls into.
Cho Thavee Dollasien Return-on-Tangible-Equity Calculation
Cho Thavee Dollasien'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.
Cho Thavee Dollasien (OTCPK:CHOTF) 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.
Cho Thavee Dollasien Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Cho Thavee Dollasien's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Cho Thavee Dollasien (Cho Thavee Dollasien) Business Description
Cho Thavee PCL along with its subsidiaries engages in the manufacturing, selling and providing service of trailer assembly, vehicles, and special equipment. The company's products comprise standard products, which include trucks, semi-trailer, full-trailer; and other related products. Its segments include deriving revenue from contracts such as standard products, special products and project contract; revenue from sales such as the sale of spare parts and vehicle prototype; and revenue from service such as maintenance service centre. The group has a business presence in Thailand and other countries, of which a majority of revenue is derived from Thailand.
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