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Venustech Group (SZSE:002439) Return-on-Tangible-Equity : -4.13% (As of Mar. 2024)


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What is Venustech Group 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. Venustech Group's annualized net income for the quarter that ended in Mar. 2024 was ¥-453 Mil. Venustech Group's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ¥10,972 Mil. Therefore, Venustech Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -4.13%.

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

SZSE:002439' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.39   Med: 18.34   Max: 23.1
Current: 8.39

During the past 13 years, Venustech Group's highest Return-on-Tangible-Equity was 23.10%. The lowest was 8.39%. And the median was 18.34%.

SZSE:002439's Return-on-Tangible-Equity is ranked better than
51.09% of 2376 companies
in the Software industry
Industry Median: 7.965 vs SZSE:002439: 8.39

Venustech Group Return-on-Tangible-Equity Historical Data

The historical data trend for Venustech Group'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.

Venustech Group Return-on-Tangible-Equity Chart

Venustech Group 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 22.23 18.95 15.87 10.22 8.48

Venustech Group Quarterly Data
Jun19 Sep19 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 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 -4.09 15.57 3.48 22.78 -4.13

Competitive Comparison of Venustech Group's Return-on-Tangible-Equity

For the Software - Infrastructure subindustry, Venustech Group'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.


Venustech Group's Return-on-Tangible-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Venustech Group's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Venustech Group's Return-on-Tangible-Equity falls into.



Venustech Group Return-on-Tangible-Equity Calculation

Venustech Group'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 )
=741.142/( (6460.504+11026.146 )/ 2 )
=741.142/8743.325
=8.48 %

Venustech Group'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 )
=-452.676/( (11026.146+10917.142)/ 2 )
=-452.676/10971.644
=-4.13 %

* 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.


Venustech Group  (SZSE:002439) 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.


Venustech Group Return-on-Tangible-Equity Related Terms

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Venustech Group (SZSE:002439) Business Description

Traded in Other Exchanges
N/A
Address
No.8 Northeast Wangxi Road, 1st Floor, Qimingxing Building, Building 21, Zhongguancun Software Park, Haidian District, Beijing, CHN
Venustech Group Inc is a provider of network security products, trusted security management platform, as well as specialized security services and solutions in China.
Executives
Qi Jian Director
Wang Jia Directors, executives
Zhang Yuan Directors, executives
Yan Li Directors, executives
Liu Ke Quan Directors, executives
Xie Qi Zhi Supervisors
Pan Zhong Yu Directors, executives
Zhong Dan Securities Affairs Representative
Liu Xing Chi Supervisors
Qiu Wei Executives

Venustech Group (SZSE:002439) Headlines

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