The historical rank and industry rank for China United Venture Investment's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:08159'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -52.25 Med: 1.63 Max: 33.9
Current: -52.25
During the past 13 years, China United Venture Investment's highest Return-on-Tangible-Equity was 33.90%. The lowest was -52.25%. And the median was 1.63%.
HKSE:08159's Return-on-Tangible-Equity is ranked worse than 93.86% of 2361
companies
in the Hardware industry
Industry Median: 5.37
vs HKSE:08159: -52.25
China United Venture Investment Return-on-Tangible-Equity Historical Data
* 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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China United Venture Investment Return-on-Tangible-Equity Chart
Competitive Comparison of China United Venture Investment's Return-on-Tangible-Equity
For the Computer Hardware subindustry, China United Venture Investment'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.
China United Venture Investment's Return-on-Tangible-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, China United Venture Investment's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China United Venture Investment's Return-on-Tangible-Equity falls into.
China United Venture Investment Return-on-Tangible-Equity Calculation
China United Venture Investment'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 four times the quarterly (Sep. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
China United Venture Investment (HKSE:08159) 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.
China United Venture Investment Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of China United Venture Investment's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
China United Venture Investment (HKSE:08159) Business Description
China United Venture Investment Ltd is engaged in the business of design, manufacture, and sales of connectivity products. The products are mainly used in computers, computer peripheral products, multi-media consumable electronic products, communication products, automobile electronics accessories, wire harnesses and medical equipment. Some of the products offered are USB hub, Card reader, Dongle, Cables and others. The company's segment includes the Original equipment manufacturer (OEM) customers segment, the Provision of comprehensive architectural services, and the Retail distributor's segment. Most of the firm's revenue gets derived through the OEM customers segment.
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