What is Genes Tech Group Holdings Co 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. Genes Tech Group Holdings Co's annualized net income for the quarter that ended in Dec. 2023 was HK$7.1 Mil. Genes Tech Group Holdings Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$178.9 Mil. Therefore, Genes Tech Group Holdings Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 3.99%.
The historical rank and industry rank for Genes Tech Group Holdings Co's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:08257'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -11.63 Med: 12.73 Max: 36.44
Current: 13.5
During the past 10 years, Genes Tech Group Holdings Co's highest Return-on-Tangible-Equity was 36.44%. The lowest was -11.63%. And the median was 12.73%.
HKSE:08257's Return-on-Tangible-Equity is ranked better than 74.17% of 964
companies
in the Semiconductors industry
Industry Median: 5.145
vs HKSE:08257: 13.50
Genes Tech Group Holdings Co 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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Genes Tech Group Holdings Co Return-on-Tangible-Equity Chart
Competitive Comparison of Genes Tech Group Holdings Co's Return-on-Tangible-Equity
For the Semiconductor Equipment & Materials subindustry, Genes Tech Group Holdings Co'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.
Genes Tech Group Holdings Co's Return-on-Tangible-Equity Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Genes Tech Group Holdings Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Genes Tech Group Holdings Co's Return-on-Tangible-Equity falls into.
Genes Tech Group Holdings Co Return-on-Tangible-Equity Calculation
Genes Tech Group Holdings Co'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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Genes Tech Group Holdings Co (HKSE:08257) 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.
Genes Tech Group Holdings Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Genes Tech Group Holdings Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Genes Tech Group Holdings Co (HKSE:08257) Business Description
Genes Tech Group Holdings Co Ltd is engaged in the business of Provision of turnkey solution and Trading of used semiconductor manufacturing equipment and parts. It generates prime revenue from the Provision of turnkey solution segment. The company offers turnkey solution of used SME and Parts to customers who need to alter and upgrade the semiconductors of production systems from time to time. The SME and parts supplied by the group include furnaces, clean tracks, and other related items, which are used at the front-end of the semiconductor manufacturing process, wafer fabrication, such as deposition, photoresist coating, and development. It has a business presence in Taiwan, the PRC, Singapore, the United States, Japan and other countries.
Genes Tech Group Holdings Co (HKSE:08257) Headlines
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