What is China Wacan Group Co 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. China Wacan Group Co's annualized net income for the quarter that ended in Dec. 2024 was HK$-35.7 Mil. China Wacan Group Co's average shareholder tangible equity for the quarter that ended in Dec. 2024 was HK$18.8 Mil. Therefore, China Wacan Group Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was -190.47%.
The historical rank and industry rank for China Wacan Group Co's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:01920'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -143.35 Med: 3.27 Max: 82.1
Current: -143.35
During the past 9 years, China Wacan Group Co's highest Return-on-Tangible-Equity was 82.10%. The lowest was -143.35%. And the median was 3.27%.
HKSE:01920's Return-on-Tangible-Equity is ranked worse than 98.56% of 1672
companies
in the Construction industry
Industry Median: 7.37
vs HKSE:01920: -143.35
China Wacan Group Co Return-on-Tangible-Equity Historical Data
The historical data trend for China Wacan Group Co'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.
China Wacan Group Co Return-on-Tangible-Equity Chart
Competitive Comparison of China Wacan Group Co's Return-on-Tangible-Equity
For the Engineering & Construction subindustry, China Wacan Group Co'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.
China Wacan Group Co's Return-on-Tangible-Equity Distribution in the Construction Industry
For the Construction industry and Industrials sector, China Wacan Group Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Wacan Group Co'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. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
China Wacan Group Co (HKSE:01920) 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.
China Wacan Group Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of China Wacan Group Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
China Wacan Group Co Ltd formerly Hands Form Holdings Ltd is an established subcontractor in Hong Kong and principally engaged in the provision of wet trades work and other wet trades-related ancillary works and the provision of construction information technology services. Wet trades works include plastering on floors, walls, and ceilings, tile laying on internal and external walls and floors, bricklaying, and marble works. The company's segment includes Construction services and Construction IT services. It generates maximum revenue from the Construction services segment.
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