Longyan Kaolin Clay Co (SHSE:605086) Return-on-Tangible-Equity : 11.10% (As of Mar. 2024)

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What is Longyan Kaolin Clay 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. Longyan Kaolin Clay Co's annualized net income for the quarter that ended in Mar. 2024 was ¥99.0 Mil. Longyan Kaolin Clay Co's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ¥891.5 Mil. Therefore, Longyan Kaolin Clay Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 11.10%.

The historical rank and industry rank for Longyan Kaolin Clay Co's Return-on-Tangible-Equity or its related term are showing as below:

SHSE:605086' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 13.9 Med: 34.8 Max: 90.5
Current: 13.97

During the past 8 years, Longyan Kaolin Clay Co's highest Return-on-Tangible-Equity was 90.50%. The lowest was 13.90%. And the median was 34.80%.

SHSE:605086's Return-on-Tangible-Equity is ranked better than
92.29% of 2451 companies
in the Metals & Mining industry
Industry Median: -15.97 vs SHSE:605086: 13.97

Longyan Kaolin Clay Co Return-on-Tangible-Equity Historical Data

The historical data trend for Longyan Kaolin Clay 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.

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Longyan Kaolin Clay Co Return-on-Tangible-Equity Chart

Longyan Kaolin Clay Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Return-on-Tangible-Equity

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36.83

32.76

18.42

13.90

13.98

Longyan Kaolin Clay Co Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Return-on-Tangible-Equity	Get a 7-Day Free Trial															11.21	16.65	17.70	11.02	11.10

Competitive Comparison of Longyan Kaolin Clay Co's Return-on-Tangible-Equity

For the Other Industrial Metals & Mining subindustry, Longyan Kaolin Clay 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.

Longyan Kaolin Clay Co's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Longyan Kaolin Clay Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Longyan Kaolin Clay Co's Return-on-Tangible-Equity falls into.

Longyan Kaolin Clay Co Return-on-Tangible-Equity Calculation

Longyan Kaolin Clay Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	115.762	/	( (779.421	+	877.018 )	/ 2 )
	=	115.762	/	828.2195
	=	13.98 %

Longyan Kaolin Clay Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	98.976	/	( (877.018	+	906.028)	/ 2 )
	=	98.976	/	891.523
	=	11.10 %

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.

Longyan Kaolin Clay Co (SHSE:605086) 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.

Longyan Kaolin Clay Co Return-on-Tangible-Equity Related Terms

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Longyan Kaolin Clay Co (SHSE:605086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Longyan Kaolin Clay Co Ltd (SHSE:605086) » Definitions » Return-on-Tangible-Equity

Traded in Other Exchanges

N/A

Address

No.260 Longyan Avenue, Xibei Street, Floor 10-12, State-owned Building, Xinluo District, Fujian Province, Longyan, CHN, 364000

Website

http://www.longgaogf.com

Longyan Kaolin Clay Co Ltd is engaged in the selection, processing and sales of kaolin. The company's main products are kaolin ore, 325 mesh kaolin concentrate, super Longyan kaolin, and modified kaolin. The products have the characteristics of low iron, titanium and other harmful impurities, high firing whiteness, and good ceramic performance. It is widely used in daily ceramics, arts and crafts ceramics and high-end architectural ceramics.

Longyan Kaolin Clay Co (SHSE:605086) Headlines

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