What is Man Shing Global Holdings 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. Man Shing Global Holdings's annualized net income for the quarter that ended in Sep. 2024 was HK$0.0 Mil. Man Shing Global Holdings's average shareholder tangible equity for the quarter that ended in Sep. 2024 was HK$138.3 Mil. Therefore, Man Shing Global Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was 0.00%.
The historical rank and industry rank for Man Shing Global Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:08309'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -23.59 Med: 17.36 Max: 88.75
Current: 6.16
During the past 10 years, Man Shing Global Holdings's highest Return-on-Tangible-Equity was 88.75%. The lowest was -23.59%. And the median was 17.36%.
HKSE:08309's Return-on-Tangible-Equity is ranked worse than 56.39% of 227
companies
in the Waste Management industry
Industry Median: 8.88
vs HKSE:08309: 6.16
Man Shing Global Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Man Shing Global Holdings'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.
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Man Shing Global Holdings Return-on-Tangible-Equity Chart
Competitive Comparison of Man Shing Global Holdings's Return-on-Tangible-Equity
For the Waste Management subindustry, Man Shing Global Holdings'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.
Man Shing Global Holdings's Return-on-Tangible-Equity Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Man Shing Global Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Man Shing Global Holdings's Return-on-Tangible-Equity falls into.
Man Shing Global Holdings Return-on-Tangible-Equity Calculation
Man Shing Global Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 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. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Man Shing Global Holdings (HKSE:08309) 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.
Man Shing Global Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Man Shing Global Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Man Shing Global Holdings Ltd is an investment holding company, engaged in providing environmental cleaning solutions in Hong Kong. The company's offerings include cleaning services, street cleaning solutions, building cleaning solutions, bus, and ferry cleaning solutions, waste transportation services, pest control services, and sewage treatment services. The company derives revenue from Hong Kong and operates in two segments namely the environmental cleaning services segment which derives the majority of revenue and engages in the provision of street cleanings, building cleaning, bus and ferry cleaning, and other cleaning services, and property management segment comprises the provision of property management services.
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