Himile Mechanical Science And Technology(Shangdong) Co (SZSE:002595) Return-on-Tangible-Equity : 18.98% (As of Mar. 2024)

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What is Himile Mechanical Science And Technology(Shangdong) 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. Himile Mechanical Science And Technology(Shangdong) Co's annualized net income for the quarter that ended in Mar. 2024 was ¥1,599 Mil. Himile Mechanical Science And Technology(Shangdong) Co's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ¥8,428 Mil. Therefore, Himile Mechanical Science And Technology(Shangdong) Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 18.98%.

The historical rank and industry rank for Himile Mechanical Science And Technology(Shangdong) Co's Return-on-Tangible-Equity or its related term are showing as below:

SZSE:002595' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 18.11 Med: 19.86 Max: 25.07
Current: 21.6

During the past 13 years, Himile Mechanical Science And Technology(Shangdong) Co's highest Return-on-Tangible-Equity was 25.07%. The lowest was 18.11%. And the median was 19.86%.

SZSE:002595's Return-on-Tangible-Equity is ranked better than
85.51% of 2913 companies
in the Industrial Products industry
Industry Median: 7.53 vs SZSE:002595: 21.60

Himile Mechanical Science And Technology(Shangdong) Co Return-on-Tangible-Equity Historical Data

The historical data trend for Himile Mechanical Science And Technology(Shangdong) 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.

Himile Mechanical Science And Technology(Shangdong) Co Return-on-Tangible-Equity Chart

Himile Mechanical Science And Technology(Shangdong) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Return-on-Tangible-Equity

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19.82

19.90

18.11

18.27

21.19

Himile Mechanical Science And Technology(Shangdong) Co 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															17.39	25.22	20.73	22.11	18.98

Competitive Comparison of Himile Mechanical Science And Technology(Shangdong) Co's Return-on-Tangible-Equity

For the Specialty Industrial Machinery subindustry, Himile Mechanical Science And Technology(Shangdong) 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.

Himile Mechanical Science And Technology(Shangdong) Co's Return-on-Tangible-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Himile Mechanical Science And Technology(Shangdong) Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Himile Mechanical Science And Technology(Shangdong) Co's Return-on-Tangible-Equity falls into.

Himile Mechanical Science And Technology(Shangdong) Co Return-on-Tangible-Equity Calculation

Himile Mechanical Science And Technology(Shangdong) 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 )
	=	1612.088	/	( (6979.619	+	8238.828 )	/ 2 )
	=	1612.088	/	7609.2235
	=	21.19 %

Himile Mechanical Science And Technology(Shangdong) 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 )
	=	1599.456	/	( (8238.828	+	8617.31)	/ 2 )
	=	1599.456	/	8428.069
	=	18.98 %

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.

Himile Mechanical Science And Technology(Shangdong) Co (SZSE:002595) 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.

Himile Mechanical Science And Technology(Shangdong) Co Return-on-Tangible-Equity Related Terms

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Himile Mechanical Science And Technology(Shangdong) Co (SZSE:002595) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Himile Mechanical Science And Technology(Shangdong) Co Ltd (SZSE:002595) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 1 Himile Road, Mishui Science and Technology Industrial Park, Gaomi, CHN, 261500

Website

http://www.himile.com

Himile Mechanical Science And Technology(Shangdong) Co Ltd is a Chinese company engaged in the research and development, production and sale of rubber machinery and mold products. It is mainly involved in three sectors which are top grade tire mold, high-end mechanical parts manufacturing and oil and gas equipment sector. The products manufactured by the group are involved in the fields of mechanical manufacturing, marine, rail transit, fuel gas, education, and others.

Executives

Zhang Gong Yun	Director
Zhang Yan	Directors, executives
Liu Sheng Jun	Supervisors
Feng Min Tang	Director
Ni Hao Yan	Independent director
Luan Xiao Mei	Securities Affairs Representative

Himile Mechanical Science And Technology(Shangdong) Co (SZSE:002595) Headlines

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