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. China Tower's annualized net income for the quarter that ended in Dec. 2023 was HK$10,513 Mil. China Tower's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$212,279 Mil. Therefore, China Tower's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 4.95%.
The historical rank and industry rank for China Tower's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00788'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.87 Med: 2.85 Max: 4.96
Current: 3.93
During the past 9 years, China Tower's highest Return-on-Tangible-Equity was 4.96%. The lowest was -2.87%. And the median was 2.85%.
HKSE:00788's Return-on-Tangible-Equity is ranked worse than 70.92% of 337
companies
in the Telecommunication Services industry
Industry Median: 13.37
vs HKSE:00788: 3.93
China Tower Return-on-Tangible-Equity Historical Data
The historical data trend for China Tower'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 China Tower's Return-on-Tangible-Equity
For the Telecom Services subindustry, China Tower'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 Tower's Return-on-Tangible-Equity Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, China Tower's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Tower's Return-on-Tangible-Equity falls into.
China Tower Return-on-Tangible-Equity Calculation
China Tower'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 four times the quarterly (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
China Tower (HKSE:00788) 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 Tower Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of China Tower's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
China Tower Corp Ltd is a telecommunications tower infrastructure service provider. The business of the company includes tower business; DAS business; Smart Tower business and Energy business. It generates maximum revenue from the tower business. The Tower business includes macro cell and small cell business. Its DAS business provides a DAS system to the Three TSPs for connecting their telecommunication equipment, helping them receive and send indoor mobile telecommunication network signals to enable mobile telecommunication network signals covering buildings, large venues and tunnels.
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