What is New Century Group Hong Kong 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. New Century Group Hong Kong's annualized net income for the quarter that ended in Sep. 2024 was HK$-8.49 Mil. New Century Group Hong Kong's average shareholder tangible equity for the quarter that ended in Sep. 2024 was HK$1,564.03 Mil. Therefore, New Century Group Hong Kong's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was -0.54%.
The historical rank and industry rank for New Century Group Hong Kong's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00234'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.54 Med: 1.13 Max: 9.55
Current: -0.48
During the past 13 years, New Century Group Hong Kong's highest Return-on-Tangible-Equity was 9.55%. The lowest was -3.54%. And the median was 1.13%.
HKSE:00234's Return-on-Tangible-Equity is ranked worse than 94.93% of 1577
companies
in the Banks industry
Industry Median: 10.22
vs HKSE:00234: -0.48
New Century Group Hong Kong 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.
* Premium members only.
New Century Group Hong Kong Return-on-Tangible-Equity Chart
Competitive Comparison of New Century Group Hong Kong's Return-on-Tangible-Equity
For the Mortgage Finance subindustry, New Century Group Hong Kong'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.
New Century Group Hong Kong's Return-on-Tangible-Equity Distribution in the Banks Industry
For the Banks industry and Financial Services sector, New Century Group Hong Kong's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where New Century Group Hong Kong'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 (Sep. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
New Century Group Hong Kong (HKSE:00234) 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.
New Century Group Hong Kong Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of New Century Group Hong Kong's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
New Century Group Hong Kong Ltd is an investment holding company. The firm along with its subsidiaries is engaged in the business segments of Property investments; Money lending services; and Securities trading, where the securities trading segment engages in the trading of marketable securities for short-term investment purposes; the Property investments segment invests in prime office space and commercial shops for their rental income potential; and the Money lending segment engages in the provision of secured mortgage loans and unsecured personal loans. The company derives the majority of its revenue from the Money lending segment. The group operates in Hong Kong and the rest of Southeast Asia, of which maximum revenue is generated from Hong Kong.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:00234 has been successfully added to your 