What is Space Group 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. Space Group Holdings's annualized net income for the quarter that ended in Dec. 2023 was HK$-272.2 Mil. Space Group Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$591.0 Mil. Therefore, Space Group Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -46.06%.
The historical rank and industry rank for Space Group Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:02448'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -21.6 Med: 25.85 Max: 158.54
Current: -20.78
During the past 10 years, Space Group Holdings's highest Return-on-Tangible-Equity was 158.54%. The lowest was -21.60%. And the median was 25.85%.
HKSE:02448's Return-on-Tangible-Equity is ranked worse than 90.27% of 1604
companies
in the Construction industry
Industry Median: 7.81
vs HKSE:02448: -20.78
Space Group Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Space Group 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.
Space Group Holdings Return-on-Tangible-Equity Chart
Competitive Comparison of Space Group Holdings's Return-on-Tangible-Equity
For the Engineering & Construction subindustry, Space Group 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.
Space Group Holdings's Return-on-Tangible-Equity Distribution in the Construction Industry
For the Construction industry and Industrials sector, Space Group Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Space Group Holdings's Return-on-Tangible-Equity falls into.
Space Group Holdings Return-on-Tangible-Equity Calculation
Space Group Holdings'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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Space Group Holdings (HKSE:02448) 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.
Space Group Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Space Group Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Space Group Holdings (HKSE:02448) Business Description
Space Group Holdings Limited is an investment holding company principally engaged in the provision of fitting-out works in Macau. The Company operates two business segments. The Fitting-out Works segment is involved in the execution of fitting-out works, procurement of materials, site supervision, management of subcontractors, overall project management, and interior decorative and modification works for existing buildings. The Building Construction Works segment is involved in structural building works, procurement of materials, site supervision, management of subcontractors, and overall project management.
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