What is New Asia 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. New Asia Holdings's annualized net income for the quarter that ended in Sep. 2023 was $-0.15 Mil. New Asia Holdings's average shareholder tangible equity for the quarter that ended in Sep. 2023 was $-1.28 Mil. Therefore, New Asia Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was N/A%.
The historical rank and industry rank for New Asia Holdings's Return-on-Tangible-Equity or its related term are showing as below:
NAHD's Return-on-Tangible-Equity is not ranked *
in the Software industry.
Industry Median: 7.72 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
New Asia Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for New Asia 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.
Competitive Comparison of New Asia Holdings's Return-on-Tangible-Equity
For the Software - Application subindustry, New Asia 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.
New Asia Holdings's Return-on-Tangible-Equity Distribution in the Software Industry
For the Software industry and Technology sector, New Asia Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where New Asia Holdings's Return-on-Tangible-Equity falls into.
New Asia Holdings Return-on-Tangible-Equity Calculation
New Asia Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 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.
New Asia Holdings (OTCPK:NAHD) 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.
New Asia Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of New Asia Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
New Asia Holdings (New Asia Holdings) Business Description
New Asia Holdings Inc is engaged in developing and deploying its proprietary, neural trading models for the financial community. It offers trading software solutions to clients on the basis of a software-as-a-service (SaaS) licensing and delivery models with licensed users availing of service-based contractual arrangements. The company's products capitalize the large volume of the 24 hour Forex markets to achieve capital appreciation over a medium- to long-term basis, combined with the usage of a good wealth vehicle designed to control risk, profit from both bull or bear markets, and maximize liquidity and economic resilience.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NAHD has been successfully added to your 