World-Link Logistics (Asia) Holding (HKSE:06083) Return-on-Tangible-Equity : 19.72% (As of Dec. 2023)

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What is World-Link Logistics (Asia) 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. World-Link Logistics (Asia) Holding's annualized net income for the quarter that ended in Dec. 2023 was HK$22.0 Mil. World-Link Logistics (Asia) Holding's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$111.5 Mil. Therefore, World-Link Logistics (Asia) Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 19.72%.

The historical rank and industry rank for World-Link Logistics (Asia) Holding's Return-on-Tangible-Equity or its related term are showing as below:

HKSE:06083' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.35 Med: 18.36 Max: 93.15
Current: 18.2

During the past 10 years, World-Link Logistics (Asia) Holding's highest Return-on-Tangible-Equity was 93.15%. The lowest was 0.35%. And the median was 18.36%.

HKSE:06083's Return-on-Tangible-Equity is ranked better than
70.91% of 935 companies
in the Transportation industry
Industry Median: 9.66 vs HKSE:06083: 18.20

World-Link Logistics (Asia) Holding Return-on-Tangible-Equity Historical Data

The historical data trend for World-Link Logistics (Asia) 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.

* Premium members only.

World-Link Logistics (Asia) Holding Return-on-Tangible-Equity Chart

World-Link Logistics (Asia) Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Return-on-Tangible-Equity

Get a 7-Day Free Trial

22.36

18.40

13.19

18.32

18.29

World-Link Logistics (Asia) Holding Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Return-on-Tangible-Equity	Get a 7-Day Free Trial														12.33	17.70	18.13	16.57	19.72

Competitive Comparison of World-Link Logistics (Asia) Holding's Return-on-Tangible-Equity

For the Integrated Freight & Logistics subindustry, World-Link Logistics (Asia) 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.

World-Link Logistics (Asia) Holding's Return-on-Tangible-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, World-Link Logistics (Asia) Holding's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where World-Link Logistics (Asia) Holding's Return-on-Tangible-Equity falls into.

World-Link Logistics (Asia) Holding Return-on-Tangible-Equity Calculation

World-Link Logistics (Asia) Holding's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	20.025	/	( (107.007	+	111.977 )	/ 2 )
	=	20.025	/	109.492
	=	18.29 %

World-Link Logistics (Asia) Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	21.988	/	( (111.02	+	111.977)	/ 2 )
	=	21.988	/	111.4985
	=	19.72 %

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.

World-Link Logistics (Asia) Holding (HKSE:06083) 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.

World-Link Logistics (Asia) Holding Return-on-Tangible-Equity Related Terms

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World-Link Logistics (Asia) Holding (HKSE:06083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » World-Link Logistics (Asia) Holding Ltd (HKSE:06083) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

150-164 Texaco Road, 3rd Floor, Allied Cargo Centre, Tsuen Wan, Hong Kong, HKG

Website

https://www.world-linkasia.com

World-Link Logistics (Asia) Holding Ltd is an investment holding company. Through its subsidiaries, the company is principally engaged in providing logistics services, packing services and distribution business. The organization offers total supply chain services, warehousing, transportation, data management, and customization services such as repacking and labeling services, and value-added services. The operating segments of the group are Logistics solutions business, Customizations services, and Distribution business. It generates maximum revenue from the logistics solutions business. All the business operations of the company are located in Hong Kong and Macau.

World-Link Logistics (Asia) Holding (HKSE:06083) Headlines

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