What is Changhong Jiahua Holding 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. Changhong Jiahua Holding's annualized net income for the quarter that ended in Dec. 2024 was HK$430 Mil. Changhong Jiahua Holding's average shareholder tangible equity for the quarter that ended in Dec. 2024 was HK$2,878 Mil. Therefore, Changhong Jiahua Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was 14.93%.
The historical rank and industry rank for Changhong Jiahua Holding's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:03991'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.36 Med: 16.3 Max: 17.69
Current: 13.31
During the past 13 years, Changhong Jiahua Holding's highest Return-on-Tangible-Equity was 17.69%. The lowest was 10.36%. And the median was 16.30%.
HKSE:03991's Return-on-Tangible-Equity is ranked better than 75.85% of 2340
companies
in the Hardware industry
Industry Median: 5.315
vs HKSE:03991: 13.31
Changhong Jiahua Holding Return-on-Tangible-Equity Historical Data
The historical data trend for Changhong Jiahua Holding'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 Changhong Jiahua Holding's Return-on-Tangible-Equity
For the Electronics & Computer Distribution subindustry, Changhong Jiahua Holding'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.
Changhong Jiahua Holding's Return-on-Tangible-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Changhong Jiahua Holding's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Changhong Jiahua Holding'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. 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.
Changhong Jiahua Holding Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Changhong Jiahua Holding's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Changhong Jiahua Holding Ltd is an investment holding company. It operates through three segments viz. ICT Consumer Products which covers the distribution of ICT consumer products including personal computers, digital products, and IT accessories; ICT Corporate Products which is involved in the distribution of ICT corporate products including storage products, minicomputers, networking products, personal computer servers, and unified communication and contact center products; and Others include distribution of smartphones and development of its own-brand products including but not limited to intelligent terminals, sales of warranty packages and professional integrated ICT solutions and provision of ICT services. It derives prime revenue from Mainland China.
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