What is China Longyuan Power Group 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. China Longyuan Power Group's annualized net income for the quarter that ended in Mar. 2024 was $1,329 Mil. China Longyuan Power Group's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $9,082 Mil. Therefore, China Longyuan Power Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 14.64%.
The historical rank and industry rank for China Longyuan Power Group's Return-on-Tangible-Equity or its related term are showing as below:
CLPXF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.57 Med: 9.25 Max: 13.58
Current: 9.8
During the past 13 years, China Longyuan Power Group's highest Return-on-Tangible-Equity was 13.58%. The lowest was 7.57%. And the median was 9.25%.
CLPXF's Return-on-Tangible-Equity is ranked better than 60.19% of 417
companies
in the Utilities - Independent Power Producers industry
Industry Median: 7.2
vs CLPXF: 9.80
China Longyuan Power Group 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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China Longyuan Power Group Return-on-Tangible-Equity Chart
Competitive Comparison of China Longyuan Power Group's Return-on-Tangible-Equity
For the Utilities - Renewable subindustry, China Longyuan Power Group'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.
China Longyuan Power Group's Return-on-Tangible-Equity Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, China Longyuan Power Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Longyuan Power Group's Return-on-Tangible-Equity falls into.
China Longyuan Power Group Return-on-Tangible-Equity Calculation
China Longyuan Power Group'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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
China Longyuan Power Group (OTCPK:CLPXF) 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.
China Longyuan Power Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of China Longyuan Power Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
China Longyuan Power Group (China Longyuan Power Group) Business Description
Longyuan is China's largest wind farm operator, with consolidated installed wind capacity of 26.2 gigawatts as of end-2022, representing about 7% of nationwide wind capacity. It has more than 400 wind farms spread across China, and has also expanded into other countries such as Canada and South Africa. Longyuan owns two coal-fired power plants in Jiangsu and operates other renewable assets such as solar, geothermal, and tidal energy on a limited scale. The consolidated installed capacity mix is about 84% wind, 6% thermal, and the remainder in other renewables. China Energy Investment, which was created through the merger of China Guodian Corporation and China Shenhua Group, is the major shareholder with a controlling stake of about 58.6%.
China Longyuan Power Group (China Longyuan Power Group) Headlines
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