Northeast Electrical Development Co (HKSE:00042) Return-on-Tangible-Equity : 0.00% (As of Dec. 2023)

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What is Northeast Electrical Development Co 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. Northeast Electrical Development Co's annualized net income for the quarter that ended in Dec. 2023 was HK$0.0 Mil. Northeast Electrical Development Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$-227.8 Mil. Therefore, Northeast Electrical Development Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was N/A%.

The historical rank and industry rank for Northeast Electrical Development Co's Return-on-Tangible-Equity or its related term are showing as below:

During the past 13 years, Northeast Electrical Development Co's highest Return-on-Tangible-Equity was 2.19%. The lowest was -39.83%. And the median was 1.68%.

HKSE:00042's Return-on-Tangible-Equity is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 8.2
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Northeast Electrical Development Co Return-on-Tangible-Equity Historical Data

The historical data trend for Northeast Electrical Development Co'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.

Northeast Electrical Development Co Return-on-Tangible-Equity Chart

Northeast Electrical Development Co Annual Data

Trend

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Dec23

Return-on-Tangible-Equity

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Negative Tangible Equity

Northeast Electrical Development Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Return-on-Tangible-Equity	Get a 7-Day Free Trial															-	Negative Tangible Equity	-	-	-

Competitive Comparison of Northeast Electrical Development Co's Return-on-Tangible-Equity

For the Lodging subindustry, Northeast Electrical Development 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.

Northeast Electrical Development Co's Return-on-Tangible-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Northeast Electrical Development Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Northeast Electrical Development Co's Return-on-Tangible-Equity falls into.

Northeast Electrical Development Co Return-on-Tangible-Equity Calculation

Northeast Electrical Development Co'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 )
	=	-6.515	/	( (-230.728	+	-220.088 )	/ 2 )
	=	-6.515	/	-225.408
	=	N/A %

Northeast Electrical Development Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	0	/	( (-235.584	+	-220.088)	/ 2 )
	=	0	/	-227.836
	=	N/A %

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.

Northeast Electrical Development Co (HKSE:00042) 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.

Northeast Electrical Development Co Return-on-Tangible-Equity Related Terms

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Northeast Electrical Development Co (HKSE:00042) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Northeast Electrical Development Co Ltd (HKSE:00042) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.7 Guoxing Road, Meilan District, 22nd Floor, HNA Plaza, Hainan Province, Haikou, CHN, 570203

Website

https://www.neeq.com.cn

Northeast Electrical Development Co Ltd is mainly engaged in the R&D, design, production and sales businesses of products related to power transmission and transformation equipment as well as hotel catering and accommodation services. The products offered by the company include enclosed busbars which are applied to the power system field and are used to enhance transmission capacity of power transmission lines and support transmission of the high-power electric energy.

Executives

Ci Hang Dong Xi Fang Wen Jiao Jiao Liu Ji Jin Hui You Xian Gong Si

2201 Interest of corporation controlled by you

Northeast Electrical Development Co (HKSE:00042) Headlines

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