What is Lushang Life Services 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. Lushang Life Services Co's annualized net income for the quarter that ended in Jun. 2024 was HK$46.7 Mil. Lushang Life Services Co's average shareholder tangible equity for the quarter that ended in Jun. 2024 was HK$574.6 Mil. Therefore, Lushang Life Services Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was 8.12%.
The historical rank and industry rank for Lushang Life Services Co's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:02376'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.51 Med: 24.67 Max: 27.74
Current: 7.51
During the past 5 years, Lushang Life Services Co's highest Return-on-Tangible-Equity was 27.74%. The lowest was 7.51%. And the median was 24.67%.
HKSE:02376's Return-on-Tangible-Equity is ranked better than 67.75% of 1755
companies
in the Real Estate industry
Industry Median: 2.96
vs HKSE:02376: 7.51
Lushang Life Services Co Return-on-Tangible-Equity Historical Data
The historical data trend for Lushang Life Services 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.
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Lushang Life Services Co Return-on-Tangible-Equity Chart
Competitive Comparison of Lushang Life Services Co's Return-on-Tangible-Equity
For the Real Estate Services subindustry, Lushang Life Services 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.
Lushang Life Services Co's Return-on-Tangible-Equity Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Lushang Life Services Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Lushang Life Services Co's Return-on-Tangible-Equity falls into.
Lushang Life Services Co Return-on-Tangible-Equity Calculation
Lushang Life Services Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 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 (Jun. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Lushang Life Services Co (HKSE:02376) 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.
Lushang Life Services Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Lushang Life Services Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Lushang Life Services Co Ltd is principally engaged in the provision of property management services, community value-added services, and value-added services to non-property owners. It manages a diverse portfolio of properties, including residential properties; commercial properties such as commercial complexes, office buildings, and apartments; and other types of properties including municipal facilities such as city roads, schools, theme towns, hospitals, banks, industrial parks, and airline base property. It derives the majority of from property management services that comprise comprising cleaning, security, greening, repair and maintenance, public area maintenance, and other property management-related services.
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