What is Swang Chai Chuan 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. Swang Chai Chuan's annualized net income for the quarter that ended in Jun. 2024 was HK$47 Mil. Swang Chai Chuan's average shareholder tangible equity for the quarter that ended in Jun. 2024 was HK$394 Mil. Therefore, Swang Chai Chuan's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was 12.03%.
The historical rank and industry rank for Swang Chai Chuan's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:02321'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.82 Med: 19.62 Max: 23.64
Current: 10.82
During the past 5 years, Swang Chai Chuan's highest Return-on-Tangible-Equity was 23.64%. The lowest was 10.82%. And the median was 19.62%.
HKSE:02321's Return-on-Tangible-Equity is ranked worse than 54.46% of 303
companies
in the Retail - Defensive industry
Industry Median: 12.96
vs HKSE:02321: 10.82
Swang Chai Chuan Return-on-Tangible-Equity Historical Data
The historical data trend for Swang Chai Chuan'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 Swang Chai Chuan's Return-on-Tangible-Equity
For the Grocery Stores subindustry, Swang Chai Chuan'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.
Swang Chai Chuan's Return-on-Tangible-Equity Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Swang Chai Chuan's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Swang Chai Chuan'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.
Swang Chai Chuan Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Swang Chai Chuan's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Swang Chai Chuan Ltd is a distributor of Food and Beverages and other products for recognized international and domestic third-party brands and own brands in Malaysia. The company has one reportable segment which is the whole the business of distribution and sales of F&B and provision of logistics services, and warehousing services. It manages its business as a whole as the businesses of distribution and sales of F&B and provision of logistics, warehousing services, and others are carried out in Malaysia.
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