The historical rank and industry rank for Chen Ke Ming Food Manufacturing Co's Return-on-Tangible-Equity or its related term are showing as below:
SZSE:002661'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.61 Med: 7.55 Max: 13.67
Current: -2.31
During the past 13 years, Chen Ke Ming Food Manufacturing Co's highest Return-on-Tangible-Equity was 13.67%. The lowest was -2.61%. And the median was 7.55%.
SZSE:002661's Return-on-Tangible-Equity is ranked worse than 79.47% of 1797
companies
in the Consumer Packaged Goods industry
Industry Median: 7.73
vs SZSE:002661: -2.31
Chen Ke Ming Food Manufacturing 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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Chen Ke Ming Food Manufacturing Co Return-on-Tangible-Equity Chart
Competitive Comparison of Chen Ke Ming Food Manufacturing Co's Return-on-Tangible-Equity
For the Packaged Foods subindustry, Chen Ke Ming Food Manufacturing 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.
Chen Ke Ming Food Manufacturing Co's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Chen Ke Ming Food Manufacturing Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Chen Ke Ming Food Manufacturing Co's Return-on-Tangible-Equity falls into.
Chen Ke Ming Food Manufacturing Co Return-on-Tangible-Equity Calculation
* 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.
Chen Ke Ming Food Manufacturing Co (SZSE:002661) 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.
Chen Ke Ming Food Manufacturing Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Chen Ke Ming Food Manufacturing Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Chen Ke Ming Food Manufacturing Co (SZSE:002661) Business Description
Chen Ke Ming Food Manufacturing Co Ltd is a food manufacturing company in China. It is engaged in the research and development, production, and sale of middle and high-grade fine dried noodles. Its noodles are categories into six series - nutrition, power, high-gluten, gift, children, and other series. The company distributes its products under the brand name CKM.
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