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. CTR Holdings's annualized net income for the quarter that ended in Aug. 2023 was HK$32.4 Mil. CTR Holdings's average shareholder tangible equity for the quarter that ended in Aug. 2023 was HK$298.4 Mil. Therefore, CTR Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Aug. 2023 was 10.85%.
The historical rank and industry rank for CTR Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:01416'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.71 Med: 21.26 Max: 40.88
Current: 15.3
During the past 7 years, CTR Holdings's highest Return-on-Tangible-Equity was 40.88%. The lowest was -7.71%. And the median was 21.26%.
HKSE:01416's Return-on-Tangible-Equity is ranked better than 70.19% of 1600
companies
in the Construction industry
Industry Median: 7.855
vs HKSE:01416: 15.30
CTR Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for CTR 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 CTR Holdings's Return-on-Tangible-Equity
For the Engineering & Construction subindustry, CTR 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.
CTR Holdings's Return-on-Tangible-Equity Distribution in the Construction Industry
For the Construction industry and Industrials sector, CTR Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CTR 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 (Aug. 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.
CTR Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of CTR Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
CTR Holdings Ltd is an investment holding company. The company focuses on the provision of structural engineering works and wet architectural works services. The company generates maximum revenue from Structural engineering works. Geographically, the company derives revenue from Singapore. The Structural engineering works services of the company include reinforced concrete works which include steel reinforcement works, formwork erection and concrete works, and Precast installation works while the Wet architectural works services include Masonry building works; Plastering and screeding works; Tiling works and Waterproofing works.
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