The historical rank and industry rank for China Resources Beer (Holdings) Co's Return-on-Tangible-Equity or its related term are showing as below:
CRHKF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -36.75 Med: 12.77 Max: 57.41
Current: 57.41
During the past 13 years, China Resources Beer (Holdings) Co's highest Return-on-Tangible-Equity was 57.41%. The lowest was -36.75%. And the median was 12.77%.
CRHKF's Return-on-Tangible-Equity is ranked better than 84.39% of 205
companies
in the Beverages - Alcoholic industry
Industry Median: 9.9
vs CRHKF: 57.41
China Resources Beer (Holdings) Co 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 Resources Beer (Holdings) Co Return-on-Tangible-Equity Chart
Competitive Comparison of China Resources Beer (Holdings) Co's Return-on-Tangible-Equity
For the Beverages - Brewers subindustry, China Resources Beer (Holdings) Co'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 Resources Beer (Holdings) Co's Return-on-Tangible-Equity Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, China Resources Beer (Holdings) Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Resources Beer (Holdings) Co's Return-on-Tangible-Equity falls into.
China Resources Beer (Holdings) Co Return-on-Tangible-Equity Calculation
* 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.
China Resources Beer (Holdings) Co (OTCPK:CRHKF) 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 Resources Beer (Holdings) Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of China Resources Beer (Holdings) Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Business Description
China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company retains its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 24%, versus 18% of Tsingtao and 16% of Budweiser APAC, based on Euromonitor data.
China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Headlines
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