The historical rank and industry rank for Jiangsu LiXing General Steel Ball Co's Return-on-Tangible-Equity or its related term are showing as below:
SZSE:300421'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.91 Med: 7.03 Max: 19.46
Current: 5.21
During the past 13 years, Jiangsu LiXing General Steel Ball Co's highest Return-on-Tangible-Equity was 19.46%. The lowest was 3.91%. And the median was 7.03%.
SZSE:300421's Return-on-Tangible-Equity is ranked worse than 54.43% of 610
companies
in the Steel industry
Industry Median: 6.055
vs SZSE:300421: 5.21
Jiangsu LiXing General Steel Ball 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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Jiangsu LiXing General Steel Ball Co Return-on-Tangible-Equity Chart
Competitive Comparison of Jiangsu LiXing General Steel Ball Co's Return-on-Tangible-Equity
For the Steel subindustry, Jiangsu LiXing General Steel Ball 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.
Jiangsu LiXing General Steel Ball Co's Return-on-Tangible-Equity Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Jiangsu LiXing General Steel Ball Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Jiangsu LiXing General Steel Ball Co's Return-on-Tangible-Equity falls into.
Jiangsu LiXing General Steel Ball 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.
Jiangsu LiXing General Steel Ball Co (SZSE:300421) 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.
Jiangsu LiXing General Steel Ball Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Jiangsu LiXing General Steel Ball Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Jiangsu LiXing General Steel Ball Co (SZSE:300421) Business Description
Jiangsu LiXing General Steel Ball Co Ltd is engaged in manufacturing of mechanical basic parts and auto parts. Its main products are high-precision bearing steel ball, precision non-sound steel ball, high-grade car special precision bearing steel ball, high-grade car wheel special steel ball, wind power generation special steel Balls.
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