What is Alset International 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. Alset International's annualized net income for the quarter that ended in Dec. 2023 was S$-30.66 Mil. Alset International's average shareholder tangible equity for the quarter that ended in Dec. 2023 was S$92.89 Mil. Therefore, Alset International's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -33.01%.
The historical rank and industry rank for Alset International's Return-on-Tangible-Equity or its related term are showing as below:
SGX:40V'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -419.51 Med: -25.01 Max: 76.74
Current: -4.97
During the past 13 years, Alset International's highest Return-on-Tangible-Equity was 76.74%. The lowest was -419.51%. And the median was -25.01%.
SGX:40V's Return-on-Tangible-Equity is ranked worse than 76.72% of 1761
companies
in the Real Estate industry
Industry Median: 2.8
vs SGX:40V: -4.97
Alset International Return-on-Tangible-Equity Historical Data
The historical data trend for Alset International'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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Alset International Return-on-Tangible-Equity Chart
Competitive Comparison of Alset International's Return-on-Tangible-Equity
For the Real Estate - Development subindustry, Alset International'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.
Alset International's Return-on-Tangible-Equity Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Alset International's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Alset International's Return-on-Tangible-Equity falls into.
Alset International Return-on-Tangible-Equity Calculation
Alset International'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 two times the semi-annual (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Alset International (SGX:40V) 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.
Alset International Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Alset International's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Alset International (SGX:40V) Business Description
Alset International Ltd is an investment holding company. It operates through four segments including Property Development and investment, Information Technology, Investment Business, Biomedical Business and Food and beverage sales. The company generates maximum revenue from the Property Development and investment segment. Property development and investment segment include actively acting as a developer for property projects, investing in property development projects, and investing in properties to earn rentals.
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