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Suning Universal Co (SZSE:000718) Return-on-Tangible-Equity : 4.47% (As of Sep. 2024)


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What is Suning Universal 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. Suning Universal Co's annualized net income for the quarter that ended in Sep. 2024 was ¥408 Mil. Suning Universal Co's average shareholder tangible equity for the quarter that ended in Sep. 2024 was ¥9,131 Mil. Therefore, Suning Universal Co's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was 4.47%.

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

SZSE:000718' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.7   Med: 12.97   Max: 16.66
Current: 1.7

During the past 13 years, Suning Universal Co's highest Return-on-Tangible-Equity was 16.66%. The lowest was 1.70%. And the median was 12.97%.

SZSE:000718's Return-on-Tangible-Equity is ranked worse than
56.11% of 1750 companies
in the Real Estate industry
Industry Median: 2.925 vs SZSE:000718: 1.70

Suning Universal Co Return-on-Tangible-Equity Historical Data

The historical data trend for Suning Universal 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.

* Premium members only.

Suning Universal Co Return-on-Tangible-Equity Chart

Suning Universal Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.41 13.61 7.67 4.17 2.05

Suning Universal Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.60 -9.00 4.07 7.14 4.47

Competitive Comparison of Suning Universal Co's Return-on-Tangible-Equity

For the Real Estate - Development subindustry, Suning Universal 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.


Suning Universal Co's Return-on-Tangible-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Suning Universal Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Suning Universal Co's Return-on-Tangible-Equity falls into.



Suning Universal Co Return-on-Tangible-Equity Calculation

Suning Universal 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 )
=182.123/( (8923.55+8880.721 )/ 2 )
=182.123/8902.1355
=2.05 %

Suning Universal Co's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=407.98/( (9078.265+9183.37)/ 2 )
=407.98/9130.8175
=4.47 %

* 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 (Sep. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Suning Universal Co  (SZSE:000718) 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.


Suning Universal Co Return-on-Tangible-Equity Related Terms

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Suning Universal Co Business Description

Traded in Other Exchanges
N/A
Address
188 Guangzhou Road, Nanjing, CHN
Suning Universal Co Ltd operates in the real estate development industry. The projects of the company include commercial estate which includes tianrun city square and suning beitang project, residential property which include suning venice, suning tianrun city, and suning mingduhui, the hotel which includes suning venice hotel, and building materials.
Executives
Zhang Gui Ping Director
Liu De Bo Executives
Li Jun Supervisors
Zhang Kang Li Director
Li Wei Directors, executives
Jiang Li Bo Secretary, Director
Ma Li Li Supervisors
Jia Sen Executives
Liu Deng Hua Secretary Dong
Wang Yong Gang Executives
Guo Ru Jin Directors, executives
Zhang Jian Guo Supervisors
Qiu Hong Tao Securities Affairs Representative
Gu Jian Hua Director
Cui Zhen Jie Executives

Suning Universal Co Headlines

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