What is Ningbo Jifeng Auto Parts 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. Ningbo Jifeng Auto Parts Co's annualized net income for the quarter that ended in Mar. 2024 was ¥76 Mil. Ningbo Jifeng Auto Parts Co's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ¥1,037 Mil. Therefore, Ningbo Jifeng Auto Parts Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 7.35%.
The historical rank and industry rank for Ningbo Jifeng Auto Parts Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603997'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -272 Med: 22.75 Max: 217.13
Current: 18.45
During the past 13 years, Ningbo Jifeng Auto Parts Co's highest Return-on-Tangible-Equity was 217.13%. The lowest was -272.00%. And the median was 22.75%.
SHSE:603997's Return-on-Tangible-Equity is ranked better than 77.66% of 1249
companies
in the Vehicles & Parts industry
Industry Median: 8.72
vs SHSE:603997: 18.45
Ningbo Jifeng Auto Parts 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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Ningbo Jifeng Auto Parts Co Return-on-Tangible-Equity Chart
Competitive Comparison of Ningbo Jifeng Auto Parts Co's Return-on-Tangible-Equity
For the Auto Parts subindustry, Ningbo Jifeng Auto Parts 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.
Ningbo Jifeng Auto Parts Co's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo Jifeng Auto Parts Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ningbo Jifeng Auto Parts Co's Return-on-Tangible-Equity falls into.
Ningbo Jifeng Auto Parts Co Return-on-Tangible-Equity Calculation
Ningbo Jifeng Auto Parts 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.
Ningbo Jifeng Auto Parts Co (SHSE:603997) 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.
Ningbo Jifeng Auto Parts Co Return-on-Tangible-Equity Related Terms
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Ningbo Jifeng Auto Parts Co (SHSE:603997) Business Description
Ningbo Jifeng Auto Parts Co Ltd is principally engaged in development, manufacture, and sale of passenger car seat. The company offers automotive seat headrest and armrest assemblies, and headrest and door stems.
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