What is Huayi Tencent Entertainment 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. Huayi Tencent Entertainment Co's annualized net income for the quarter that ended in Dec. 2023 was HK$-106 Mil. Huayi Tencent Entertainment Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$284 Mil. Therefore, Huayi Tencent Entertainment Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -37.48%.
The historical rank and industry rank for Huayi Tencent Entertainment Co's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00419'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -62.86 Med: -19.67 Max: 10.51
Current: -31.52
During the past 13 years, Huayi Tencent Entertainment Co's highest Return-on-Tangible-Equity was 10.51%. The lowest was -62.86%. And the median was -19.67%.
HKSE:00419's Return-on-Tangible-Equity is ranked worse than 93.25% of 755
companies
in the Travel & Leisure industry
Industry Median: 8.39
vs HKSE:00419: -31.52
Huayi Tencent Entertainment 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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Huayi Tencent Entertainment Co Return-on-Tangible-Equity Chart
Competitive Comparison of Huayi Tencent Entertainment Co's Return-on-Tangible-Equity
For the Leisure subindustry, Huayi Tencent Entertainment 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.
Huayi Tencent Entertainment Co's Return-on-Tangible-Equity Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Huayi Tencent Entertainment Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Huayi Tencent Entertainment Co's Return-on-Tangible-Equity falls into.
Huayi Tencent Entertainment Co Return-on-Tangible-Equity Calculation
Huayi Tencent Entertainment Co'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 two times the semi-annual (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Huayi Tencent Entertainment Co (HKSE:00419) 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.
Huayi Tencent Entertainment Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Huayi Tencent Entertainment Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Huayi Tencent Entertainment Co (HKSE:00419) Business Description
Huayi Tencent Entertainment Co Ltd is a new media company integrating culture and entertainment. The business activities of the group function through Echartnow, Meerkat Health, Entertainment & Media, and Healthcare & Wellness Services. Echartnow segment includes Online prescription, circulation, and marketing of pharmaceutical products. Meerkat Health segment includes an Internet healthcare management platform. Its geographical segments include China, Hong Kong, and Other countries.
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