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Pinestone Capital (HKSE:00804) Return-on-Tangible-Equity : -0.95% (As of Jun. 2024)


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What is Pinestone Capital 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. Pinestone Capital's annualized net income for the quarter that ended in Jun. 2024 was HK$-1.61 Mil. Pinestone Capital's average shareholder tangible equity for the quarter that ended in Jun. 2024 was HK$169.14 Mil. Therefore, Pinestone Capital's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was -0.95%.

The historical rank and industry rank for Pinestone Capital's Return-on-Tangible-Equity or its related term are showing as below:

HKSE:00804' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -23.35   Med: 0.87   Max: 69.43
Current: -15.24

During the past 10 years, Pinestone Capital's highest Return-on-Tangible-Equity was 69.43%. The lowest was -23.35%. And the median was 0.87%.

HKSE:00804's Return-on-Tangible-Equity is ranked worse than
89.74% of 760 companies
in the Capital Markets industry
Industry Median: 6.26 vs HKSE:00804: -15.24

Pinestone Capital Return-on-Tangible-Equity Historical Data

The historical data trend for Pinestone Capital'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.

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Pinestone Capital Return-on-Tangible-Equity Chart

Pinestone Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.83 -8.62 -2.55 -23.35 -14.62

Pinestone Capital Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.55 -48.17 0.41 -29.63 -0.95

Competitive Comparison of Pinestone Capital's Return-on-Tangible-Equity

For the Capital Markets subindustry, Pinestone Capital'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.


Pinestone Capital's Return-on-Tangible-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Pinestone Capital's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Pinestone Capital's Return-on-Tangible-Equity falls into.



Pinestone Capital Return-on-Tangible-Equity Calculation

Pinestone Capital'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 )
=-24.388/( (163.976+169.538 )/ 2 )
=-24.388/166.757
=-14.62 %

Pinestone Capital's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=-1.612/( (169.538+168.732)/ 2 )
=-1.612/169.135
=-0.95 %

* 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 (Jun. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Pinestone Capital  (HKSE:00804) 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.


Pinestone Capital Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Pinestone Capital's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Pinestone Capital Business Description

Traded in Other Exchanges
N/A
Address
26 Harbour Road, Room 1807, 18th Floor, China Resources Building, Wan Chai, Hong Kong, HKG
Pinestone Capital Ltd is an investment holding company registered in the Cayman Islands. It is principally engaged in providing bespoke services including security brokerage, securities-backed lending for individual and corporate purpose and placing and underwriting businesses. The company offers money lending services through its subsidiary Pinestone Capital Group Limited. It operates is business activities in Hong Kong and all of the revenue of the company is generated from Hong Kong itself. The company's revenue comprises of interest income from securities backed lending services, income from placing and underwriting services and commission income from securities brokerage services.
Executives
Ultimate Vantage Group Limited 2101 Beneficial owner
Hong Zhaohong 2201 Interest of corporation controlled by you
Hcc & Co Limited 2101 Beneficial owner
Woso Finance Limited 2106 Person having a security interest in shares
Wu Huimei 2201 Interest of corporation controlled by you
Cheung Yan Leung Henry 2201 Interest of corporation controlled by you
Liu Xuebin 2201 Interest of corporation controlled by you
Snail Capital Limited 2101 Beneficial owner
Cheung Jonathan 2201 Interest of corporation controlled by you
Fu Ying Guo Ji Fa Zhan You Xian Gong Si 2101 Beneficial owner
Fu Ying Guo Ji Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you
Fu Ying Guo Ji Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you

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