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. Muliang Viagoo Technology's annualized net income for the quarter that ended in Dec. 2023 was $1.39 Mil. Muliang Viagoo Technology's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $16.07 Mil. Therefore, Muliang Viagoo Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 8.66%.
The historical rank and industry rank for Muliang Viagoo Technology's Return-on-Tangible-Equity or its related term are showing as below:
MULG's Return-on-Tangible-Equity is not ranked *
in the Agriculture industry.
Industry Median: 7.3 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
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.
Muliang Viagoo Technology Return-on-Tangible-Equity Related Terms
Muliang Viagoo Technology Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Muliang Viagoo Technology'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.
MULG vs BHIL, CGA, PUBC: Return-on-Tangible-Equity Comparison
For the Agricultural Inputs subindustry, Muliang Viagoo Technology'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.
Muliang Viagoo Technology Return-on-Tangible-Equity vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Muliang Viagoo Technology's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Muliang Viagoo Technology'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 four times the quarterly (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 8.66% mean?
Muliang Viagoo Technology (MULG) has a Return-on-Tangible-Equity of 8.66% as of Dec. 2023. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Muliang Viagoo Technology and its competitors.
Is Muliang Viagoo Technology's Return-on-Tangible-Equity too high?
Muliang Viagoo Technology's current Return-on-Tangible-Equity is 8.66%. The Agriculture industry median Return-on-Tangible-Equity is 7.30. Muliang Viagoo Technology's value of 8.66% is 18.6% above this industry median. Overall, Muliang Viagoo Technology has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Muliang Viagoo Technology's Return-on-Tangible-Equity compare to BHIL and CGA?
Muliang Viagoo Technology's Return-on-Tangible-Equity of 8.66% can be compared against companies in the Agriculture industry. The industry median Return-on-Tangible-Equity is 7.30. Muliang Viagoo Technology's value of 8.66% is 18.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Agriculture company?
The median Return-on-Tangible-Equity among Agriculture companies is 7.30, based on 249 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Muliang Viagoo Technology's current Return-on-Tangible-Equity of 8.66% is 18.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Muliang Viagoo Technology and its competitors. For the Agriculture industry, the median Return-on-Tangible-Equity is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Muliang Viagoo Technology's current Return-on-Tangible-Equity is 8.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Muliang Viagoo Technology stock overvalued right now?
Muliang Viagoo Technology (MULG) has a current Return-on-Tangible-Equity of 8.66%. The current Return-on-Tangible-Equity is 8.66% and 18.6% above the Agriculture industry median of 7.30. Muliang Viagoo Technology's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Muliang Viagoo Technology (MULG), the current Return-on-Tangible-Equity is 8.66% as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Muliang Viagoo Technology Inc is in the business of developing, manufacturing, and selling organic fertilizers and bio-organic fertilizers for use in the agricultural industry in the Peoples Republic of China. Organic fertilizer products are sold under the VIE and its subsidiaries' brand names Zongbao, Fukang, and Muliang. The company has a fertilizer plant in Weiha City. It is also engaged in the sales of agricultural products in the Peoples' Republic of China. The company gains maximum of its revenue from China.
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