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CaroteHKSE:02549 +2.77%20 Return-on-Tangible-Equity is 23.19% as of Dec. 2025, which is 85% below its 10-year median of 154.99. GuruFocus rates HKSE:02549 with a GF Score™ of 20/100. The stock has 4 warning signs investors should review. Among 422 Furnishings, Fixtures & Appliances companies, Carote ranks better than 83.41% on this metric.
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. Carote's annualized net income for the quarter that ended in Dec. 2025 was HK$343 Mil. Carote's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$1,477 Mil. Therefore, Carote's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 23.19%.
The historical rank and industry rank for Carote's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:02549'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 19.68 Med: 154.99 Max: 237.32
Current: 19.81
During the past 5 years, Carote's highest Return-on-Tangible-Equity was 237.32%. The lowest was 19.68%. And the median was 154.99%.
HKSE:02549's Return-on-Tangible-Equity is ranked better than 83.41% of 422
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.095
vs HKSE:02549: 19.81
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.
Carote Return-on-Tangible-Equity Related Terms
Carote Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Carote'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.
HKSE:02549 vs SN, SGI, MHK: Return-on-Tangible-Equity Comparison
For the Furnishings, Fixtures & Appliances subindustry, Carote'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.
Carote Return-on-Tangible-Equity vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Carote's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Carote'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. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 23.19% mean?
Carote (HKSE:02549) has a Return-on-Tangible-Equity of 23.19% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Carote and its competitors. This is 85% below median its historical median of 154.99. Over the past decade, Carote's Return-on-Tangible-Equity has ranged from 19.68 to 237.32. According to the industry distribution chart, Carote ranks #70 out of 422 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 16.6%.
Is Carote's Return-on-Tangible-Equity too high?
Carote's current Return-on-Tangible-Equity of 23.19% is 85% below median its 10-year median of 154.99. Over the past 10 years, this metric has ranged from a low of 19.68 to a high of 237.32. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Equity is 5.10. Carote's value of 23.19% is 355.2% above this industry median. Based on the distribution chart, Carote ranks #70 out of 422 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Carote has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Carote's Return-on-Tangible-Equity compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Carote ranks #70 out of 422 companies for Return-on-Tangible-Equity. This places Carote in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.10. Carote's value of 23.19% is 355.2% above this benchmark. Historically, Carote's own Return-on-Tangible-Equity has ranged from 19.68 to 237.32 over the past decade. While the company's 10-year median is 154.99 vs. the industry median of 5.10, Carote has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Equity among Furnishings, Fixtures & Appliances companies is 5.10, based on 422 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carote's current Return-on-Tangible-Equity of 23.19% is 355.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Carote and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Equity is 5.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carote's current Return-on-Tangible-Equity is 23.19%, which is 85% below median its own 10-year median of 154.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carote stock overvalued right now?
Carote (HKSE:02549) has a current Return-on-Tangible-Equity of 23.19%. The current Return-on-Tangible-Equity is 23.19%, which is 85% below median its 10-year median of 154.99 and 355.2% above the Furnishings, Fixtures & Appliances industry median of 5.10. Carote's overall GF Score™ is 20/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Carote (HKSE:02549), the current Return-on-Tangible-Equity is 23.19% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Carote Ltd is a brand of kitchenware products. Its products are designed to provide customers with practical, well-designed, and affordable items that promote a modern cooking lifestyle. The company offers a wide range of kitchenware, from essential pots and pans to well-designed tableware and beverage containers, aiming to meet various kitchen needs and enhance the culinary experience. Geographically, the company operates in Mainland China, the United States, Western Europe, Japan, Southeast Asia, and other countries. The majority of its revenue comes from the United States.
20GF Score
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