What is Veeko International 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. Veeko International Holdings's annualized net income for the quarter that ended in Sep. 2023 was HK$-1.7 Mil. Veeko International Holdings's average shareholder tangible equity for the quarter that ended in Sep. 2023 was HK$189.9 Mil. Therefore, Veeko International Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was -0.91%.
The historical rank and industry rank for Veeko International Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:01173'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -67.13 Med: -1.42 Max: 14.63
Current: 2.77
During the past 13 years, Veeko International Holdings's highest Return-on-Tangible-Equity was 14.63%. The lowest was -67.13%. And the median was -1.42%.
HKSE:01173's Return-on-Tangible-Equity is ranked worse than 67.19% of 1792
companies
in the Consumer Packaged Goods industry
Industry Median: 7.78
vs HKSE:01173: 2.77
Veeko International Holdings 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.
* Premium members only.
Veeko International Holdings Return-on-Tangible-Equity Chart
Competitive Comparison of Veeko International Holdings's Return-on-Tangible-Equity
For the Household & Personal Products subindustry, Veeko International 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.
Veeko International Holdings's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Veeko International Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Veeko International Holdings's Return-on-Tangible-Equity falls into.
Veeko International Holdings Return-on-Tangible-Equity Calculation
Veeko International Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 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 (Sep. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Veeko International Holdings (HKSE:01173) 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.
Veeko International Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Veeko International Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Veeko International Holdings (HKSE:01173) Business Description
Veeko International Holdings Ltd is an investment holding company principally engaged in the cosmetics and personal care products business. It operates in two business segments. The Cosmetics segment is engaged in the sales of cosmetics under the brand of Colourmix and MORIMOR, including skin-care products, perfumery, make-up, personal care, hairdressing, body care, and cosmeceuticals, as well as health food. The Fashion segment is engaged in the manufacture and sales of ladies' fashion under the brand names of Veeko and Wanko. The cosmetics segment accounts for majority of the firm's revenue. The company generates the majority of the revenue from Hong Kong and Macau.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01173 has been successfully added to your 