What is High-Tek Harness Enterprise 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. High-Tek Harness Enterprise Co's annualized net income for the quarter that ended in Sep. 2024 was NT$-467 Mil. High-Tek Harness Enterprise Co's average shareholder tangible equity for the quarter that ended in Sep. 2024 was NT$1,300 Mil. Therefore, High-Tek Harness Enterprise Co's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was -35.89%.
The historical rank and industry rank for High-Tek Harness Enterprise Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:3202'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14.19 Med: -2.91 Max: 4.87
Current: -13.46
During the past 13 years, High-Tek Harness Enterprise Co's highest Return-on-Tangible-Equity was 4.87%. The lowest was -14.19%. And the median was -2.91%.
ROCO:3202's Return-on-Tangible-Equity is ranked worse than 86.98% of 2935
companies
in the Industrial Products industry
Industry Median: 6.82
vs ROCO:3202: -13.46
High-Tek Harness Enterprise 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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High-Tek Harness Enterprise Co Return-on-Tangible-Equity Chart
Competitive Comparison of High-Tek Harness Enterprise Co's Return-on-Tangible-Equity
For the Electrical Equipment & Parts subindustry, High-Tek Harness Enterprise 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.
High-Tek Harness Enterprise Co's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, High-Tek Harness Enterprise Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where High-Tek Harness Enterprise Co'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 (Sep. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
High-Tek Harness Enterprise Co (ROCO:3202) 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.
High-Tek Harness Enterprise Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of High-Tek Harness Enterprise Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
High-Tek Harness Enterprise Co Business Description
High-Tek Harness Enterprise Co Ltd is engaged in the manufacturing, processing, and trading of computer parts, computer peripheral parts, communication equipment wiring components, machine wholesaling, wireline communication machinery, and other products. The company's operating segments include; the Electronics Department and the Engineering and Trading Division. The majority of its revenue is generated from the Electronics Department which mainly produces and sells computer parts and communication equipment. Geographically, the company derives a majority of its revenue from China and the rest from Taiwan.
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