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Kingkey Financial International (Holdings) (HKSE:01468) Return-on-Tangible-Equity : Negative Tangible Equity% (As of Sep. 2023)


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What is Kingkey Financial 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. Kingkey Financial International (Holdings)'s annualized net income for the quarter that ended in Sep. 2023 was HK$153.4 Mil. Kingkey Financial International (Holdings)'s average shareholder tangible equity for the quarter that ended in Sep. 2023 was HK$-161.9 Mil. Therefore, Kingkey Financial International (Holdings)'s annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was Negative Tangible Equity%.

The historical rank and industry rank for Kingkey Financial International (Holdings)'s Return-on-Tangible-Equity or its related term are showing as below:

HKSE:01468' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2154.8   Med: -17.75   Max: 19.53
Current: -2154.8

During the past 12 years, Kingkey Financial International (Holdings)'s highest Return-on-Tangible-Equity was 19.53%. The lowest was -2,154.80%. And the median was -17.75%.

HKSE:01468's Return-on-Tangible-Equity is ranked worse than
100% of 510 companies
in the Conglomerates industry
Industry Median: 7.26 vs HKSE:01468: -2154.80

Kingkey Financial International (Holdings) Return-on-Tangible-Equity Historical Data

The historical data trend for Kingkey Financial International (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.

* Premium members only.

Kingkey Financial International (Holdings) Return-on-Tangible-Equity Chart

Kingkey Financial International (Holdings) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.18 -20.89 -2.64 -14.60 -2,154.80

Kingkey Financial International (Holdings) Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 -4.99 -16.65 1.85 - Negative Tangible Equity

Competitive Comparison of Kingkey Financial International (Holdings)'s Return-on-Tangible-Equity

For the Conglomerates subindustry, Kingkey Financial 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.


Kingkey Financial International (Holdings)'s Return-on-Tangible-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kingkey Financial International (Holdings)'s Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Kingkey Financial International (Holdings)'s Return-on-Tangible-Equity falls into.



Kingkey Financial International (Holdings) Return-on-Tangible-Equity Calculation

Kingkey Financial International (Holdings)'s annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=-1158.455/( (682.977+-575.454 )/ 2 )
=-1158.455/53.7615
=-2,154.80 %

Kingkey Financial International (Holdings)'s annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2023 )  (Q: Mar. 2023 )(Q: Sep. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2023 )  (Q: Mar. 2023 )(Q: Sep. 2023 )
=153.366/( (-575.454+251.751)/ 2 )
=153.366/-161.8515
=Negative Tangible Equity %

* 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.


Kingkey Financial International (Holdings)  (HKSE:01468) 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.


Kingkey Financial International (Holdings) Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Kingkey Financial International (Holdings)'s Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Kingkey Financial International (Holdings) (HKSE:01468) Business Description

Traded in Other Exchanges
N/A
Address
8 Hok Cheung Street, Hunghom, 902, Harbour Centre, Tower 2, Kowloon, Hong Kong, HKG
Kingkey Financial International (Holdings) Ltd is engaged in the trade of fur skins, fur skins brokerage, mink farming, provision of securities brokerage services, and provision of wealth management services. The operating segments are Securities which involves the operation of securities brokerage, margin financing, underwriting, placing and consultancy services; Insurance brokerage which includes the provision of insurance brokerage and wealth management services; Fur comprising the provision of breeding, farming and sale of livestock and pelted skin, fur skin brokerage and financing services, Asset Management engaged in provision and arrangement of fund management services and assets management services, and Money lending engaged in provision and arrangement of money lending services.
Executives
Kingkey Holdings (international) Limited 2101 Beneficial owner
Chen Jiajun 2201 Interest of corporation controlled by you
Great Return Group Limited 2101 Beneficial owner
East Treasure Enterprises Corporation 2201 Interest of corporation controlled by you
Fong Chu Pong 2201 Interest of corporation controlled by you
Eternity Star Development Limited 2201 Interest of corporation controlled by you
Renhe Holdings Limited 2201 Interest of corporation controlled by you
Chen Jiajun 2201 Interest of corporation controlled by you
Chang Tat Joel 2201 Interest of corporation controlled by you
Lee Cho Man Joe 2201 Interest of corporation controlled by you

Kingkey Financial International (Holdings) (HKSE:01468) Headlines

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