What is Alltronics 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. Alltronics Holdings's annualized net income for the quarter that ended in Dec. 2023 was HK$112 Mil. Alltronics Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$619 Mil. Therefore, Alltronics Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 18.16%.
The historical rank and industry rank for Alltronics Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00833'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -60.35 Med: 18.52 Max: 32.79
Current: 17.93
During the past 13 years, Alltronics Holdings's highest Return-on-Tangible-Equity was 32.79%. The lowest was -60.35%. And the median was 18.52%.
HKSE:00833's Return-on-Tangible-Equity is ranked better than 84.52% of 2358
companies
in the Hardware industry
Industry Median: 5.38
vs HKSE:00833: 17.93
Alltronics Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Alltronics 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 Alltronics Holdings's Return-on-Tangible-Equity
For the Electronic Components subindustry, Alltronics 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.
Alltronics Holdings's Return-on-Tangible-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Alltronics Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Alltronics 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 (Dec. 2023) 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.
Alltronics Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Alltronics Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Alltronics Holdings (HKSE:00833) Business Description
Alltronics Holdings Ltd is an investment holding company. The group has three reportable operating segments as follows: Electronic Products, Biodiesel Products and Energy Saving Business. The Electronic Products segment is engaged in the manufacturing and trading of electronic products, plastic moulds, plastic and other components for electronic products. The Biodiesel Products segment is engaged in the trading of biodiesel products in Hong Kong, and the Energy Saving Business segment is involved in the provision of energy-saving business solutions to customers. The majority of its revenue is derived from Electronic Products. Its primary geographic markets include the United States, Hong Kong, Europe, PRC and other overseas countries.
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