What is Plus 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. Plus Group Holdings's annualized net income for the quarter that ended in Dec. 2023 was HK$-28.5 Mil. Plus Group Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$601.4 Mil. Therefore, Plus Group Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -4.74%.
The historical rank and industry rank for Plus Group Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:02486'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.37 Med: 17.65 Max: 20.47
Current: 2.37
During the past 4 years, Plus Group Holdings's highest Return-on-Tangible-Equity was 20.47%. The lowest was 2.37%. And the median was 17.65%.
HKSE:02486's Return-on-Tangible-Equity is ranked worse than 57.56% of 893
companies
in the Media - Diversified industry
Industry Median: 5.33
vs HKSE:02486: 2.37
Plus Group Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Plus 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.
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Plus Group Holdings Return-on-Tangible-Equity Chart
Competitive Comparison of Plus Group Holdings's Return-on-Tangible-Equity
For the Advertising Agencies subindustry, Plus 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.
Plus Group Holdings's Return-on-Tangible-Equity Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Plus Group Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Plus Group Holdings's Return-on-Tangible-Equity falls into.
Plus Group Holdings Return-on-Tangible-Equity Calculation
Plus 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.
Plus Group Holdings (HKSE:02486) 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.
Plus Group Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Plus Group Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Plus Group Holdings (HKSE:02486) Business Description
Plus Group Holdings Inc is an established digitalized sales and marketing service provider, primarily focusing on market-leading FMCG brand owners. Its services aim at digitalizing and systemizing offline commerce. The company offers four types of services, including (i) on-site solution; (ii) field force assignment; (iii) matching service; and (iv) SaaS+ subscription. Its service network has extensive coverage in terms of the scale of customers, geographical locations and types of tasks. The majority of revenue is derived from the On-site solution services. The on-site solution offers solution services for customized sales and marketing activities with the set up of offline venues and event materials.
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