SELECT * FROM `stock_list` where symbol='601100' AND exchange = 'SHSE' limit 0,1 SELECT * FROM `stock_list` where symbol='601100' AND exchange = 'SHSE' limit 0,1 SELECT * FROM `stock_list` WHERE `symbol` = "601100" and stock_list.exchange IN (SELECT exchange FROM gurufocu_main.stock_list_exchanges where country='USA' and active=1) limit 0,1
Jiangsu Hengli Hydraulic Co (SHSE:601100) Return-on-Tangibl
What is Jiangsu Hengli Hydraulic 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. Jiangsu Hengli Hydraulic Co's annualized net income for the quarter that ended in Mar. 2024 was ¥2,408 Mil. Jiangsu Hengli Hydraulic Co's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ¥14,240 Mil. Therefore, Jiangsu Hengli Hydraulic Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 16.91%.
The historical rank and industry rank for Jiangsu Hengli Hydraulic Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:601100'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.99 Med: 20.3 Max: 36.52
Current: 18.42
During the past 13 years, Jiangsu Hengli Hydraulic Co's highest Return-on-Tangible-Equity was 36.52%. The lowest was 1.99%. And the median was 20.30%.
SHSE:601100's Return-on-Tangible-Equity is ranked better than 80.64% of 2923
companies
in the Industrial Products industry
Industry Median: 7.68
vs SHSE:601100: 18.42
Jiangsu Hengli Hydraulic 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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Jiangsu Hengli Hydraulic Co Return-on-Tangible-Equity Chart
Competitive Comparison of Jiangsu Hengli Hydraulic Co's Return-on-Tangible-Equity
For the Specialty Industrial Machinery subindustry, Jiangsu Hengli Hydraulic 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.
Jiangsu Hengli Hydraulic Co's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Jiangsu Hengli Hydraulic Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Jiangsu Hengli Hydraulic Co's Return-on-Tangible-Equity falls into.
Jiangsu Hengli Hydraulic Co Return-on-Tangible-Equity Calculation
Jiangsu Hengli Hydraulic Co'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 four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Jiangsu Hengli Hydraulic Co (SHSE:601100) 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.
Jiangsu Hengli Hydraulic Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Jiangsu Hengli Hydraulic Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Jiangsu Hengli Hydraulic Co (SHSE:601100) Business Description
Hengli Hydraulic is a leading Chinese hydraulic component company. It designs, manufactures, and sells hydraulic cylinder, pump, valve, and motor products. Hengli's products are widely used in heavy machinery. It is the largest supplier of excavator hydraulic cylinders in the world with about 30% market share globally.
Jiangsu Hengli Hydraulic Co (SHSE:601100) Headlines
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