What is Herald Holdings 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. Herald Holdings's annualized net income for the quarter that ended in Mar. 2024 was HK$-45.2 Mil. Herald Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2024 was HK$601.3 Mil. Therefore, Herald Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -7.52%.
The historical rank and industry rank for Herald Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00114'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.25 Med: 1.62 Max: 13.09
Current: -2.34
During the past 13 years, Herald Holdings's highest Return-on-Tangible-Equity was 13.09%. The lowest was -9.25%. And the median was 1.62%.
HKSE:00114's Return-on-Tangible-Equity is ranked worse than 78.66% of 759
companies
in the Travel & Leisure industry
Industry Median: 7.39
vs HKSE:00114: -2.34
Herald Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Herald Holdings'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.
Competitive Comparison of Herald Holdings's Return-on-Tangible-Equity
For the Leisure subindustry, Herald Holdings'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.
Herald Holdings's Return-on-Tangible-Equity Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Herald Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Herald Holdings's Return-on-Tangible-Equity falls into.
* 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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Herald Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Herald Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Herald Holdings Ltd is an investment holding company. It operates in the segments of Toys, Computer Products, Timepieces, Investments, and Others. The group derives majority revenue from the Toys segment which involves the manufacturing of wide range of toys including action figures, electronic radio-controlled toy cars and boats, electronic games, and pre-school toys. The company along with its subsidiaries is also engaged in the manufacture, sale, and distribution of computer products, housewares, clocks, watches, and electronic and gift products. The company has the majority of its customers based in Hong Kong, North America, the United Kingdom, Europe, Asia, Mainland China, and Others. It generates the highest revenue from the North America region.
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