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. CPMC Holdings's annualized net income for the quarter that ended in Jun. 2024 was HK$575 Mil. CPMC Holdings's average shareholder tangible equity for the quarter that ended in Jun. 2024 was HK$5,877 Mil. Therefore, CPMC Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was 9.78%.
The historical rank and industry rank for CPMC Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00906'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.72 Med: 7.95 Max: 9.85
Current: 8.75
During the past 13 years, CPMC Holdings's highest Return-on-Tangible-Equity was 9.85%. The lowest was 5.72%. And the median was 7.95%.
HKSE:00906's Return-on-Tangible-Equity is not ranked
in the Packaging & Containers industry.
Industry Median: 6.235
vs HKSE:00906: 8.75
CPMC Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for CPMC 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 CPMC Holdings's Return-on-Tangible-Equity
For the Packaging & Containers subindustry, CPMC 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.
CPMC Holdings's Return-on-Tangible-Equity Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, CPMC Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CPMC 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 (Jun. 2024) 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.
CPMC Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of CPMC Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
CPMC Holdings Ltd is an investment holding company engaged in the manufacturing and sales of packaging products used for consumer goods such as food, beverages, and household chemical products. The company operates in three segments; Tinplate packaging includes tinplate packaging products, which include, milk powder cans, aerosol cans, metal caps, steel barrels, and other metal packaging, Aluminum packaging includes aluminum packaging products of two-piece beverage cans and one-piece bottles, and Plastic packaging includes plastic packaging products used for milk bottles, shampoo bottles, plastic devices of electronic products, daily use hardware, package printing, sports drink bottles, and related plastic-made products.
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