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Yongan Futures CoSHSE:600927 +0.76%41 Return-on-Tangible-Equity is 5.83% as of Mar. 2026, which is 59% below its 10-year median of 14.12. GuruFocus rates SHSE:600927 with a GF Score™ of 41/100. The stock has 3 warning signs investors should review. Among 782 Capital Markets companies, Yongan Futures Co ranks worse than 51.28% on this metric.
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. Yongan Futures Co's annualized net income for the quarter that ended in Mar. 2026 was ¥776 Mil. Yongan Futures Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥13,311 Mil. Therefore, Yongan Futures Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.83%.
The historical rank and industry rank for Yongan Futures Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600927'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.5 Med: 14.12 Max: 18.11
Current: 6.22
During the past 13 years, Yongan Futures Co's highest Return-on-Tangible-Equity was 18.11%. The lowest was 4.50%. And the median was 14.12%.
SHSE:600927's Return-on-Tangible-Equity is ranked worse than 51.28% of 782
companies
in the Capital Markets industry
Industry Median: 6.52
vs SHSE:600927: 6.22
Yongan Futures Co (SHSE:600927) 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.
Yongan Futures Co Return-on-Tangible-Equity Related Terms
Yongan Futures Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Yongan Futures Co'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.
SHSE:600927 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Yongan Futures 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.
Yongan Futures Co Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Yongan Futures Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Yongan Futures 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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 5.83% mean?
Yongan Futures Co (SHSE:600927) has a Return-on-Tangible-Equity of 5.83% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Yongan Futures Co and its competitors. This is 59% below median its historical median of 14.12. Over the past decade, Yongan Futures Co's Return-on-Tangible-Equity has ranged from 4.50 to 18.11. According to the industry distribution chart, Yongan Futures Co ranks #401 out of 782 companies in the Capital Markets industry, placing it in the top 51.3%.
Is Yongan Futures Co's Return-on-Tangible-Equity too high?
Yongan Futures Co's current Return-on-Tangible-Equity of 5.83% is 59% below median its 10-year median of 14.12. Over the past 10 years, this metric has ranged from a low of 4.50 to a high of 18.11. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. Yongan Futures Co's value of 5.83% is 10.6% below this industry median. Based on the distribution chart, Yongan Futures Co ranks #401 out of 782 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Yongan Futures Co has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Yongan Futures Co's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Yongan Futures Co ranks #401 out of 782 companies for Return-on-Tangible-Equity. This places Yongan Futures Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.52. Yongan Futures Co's value of 5.83% is 10.6% below this benchmark. Historically, Yongan Futures Co's own Return-on-Tangible-Equity has ranged from 4.50 to 18.11 over the past decade. While the company's 10-year median is 14.12 vs. the industry median of 6.52, Yongan Futures Co has consistently been below the industry average. 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 a Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 782 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. Yongan Futures Co's current Return-on-Tangible-Equity of 5.83% is 10.6% below 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 Yongan Futures Co and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yongan Futures Co's current Return-on-Tangible-Equity is 5.83%, which is 59% below median its own 10-year median of 14.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yongan Futures Co stock overvalued right now?
Yongan Futures Co (SHSE:600927) has a current Return-on-Tangible-Equity of 5.83%. The current Return-on-Tangible-Equity is 5.83%, which is 59% below median its 10-year median of 14.12 and 10.6% below the Capital Markets industry median of 6.52. Yongan Futures Co's overall GF Score™ is 41/100 with 3 warning signs to review. 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 Yongan Futures Co (SHSE:600927), the current Return-on-Tangible-Equity is 5.83% as of Mar. 2026. 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.
Yongan Futures Co Ltd is engaged in the commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management, fund sales.
41GF Score
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