Shenzhen FRD Science & Techonology Co (SZSE:300602) Return-on-Tangible-Equity : 2.87% (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Shenzhen FRD Science & Techonology 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. Shenzhen FRD Science & Techonology Co's annualized net income for the quarter that ended in Mar. 2024 was ¥95 Mil. Shenzhen FRD Science & Techonology Co's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ¥3,291 Mil. Therefore, Shenzhen FRD Science & Techonology Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 2.87%.

The historical rank and industry rank for Shenzhen FRD Science & Techonology Co's Return-on-Tangible-Equity or its related term are showing as below:

SZSE:300602' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.5 Med: 15.56 Max: 31.9
Current: 5.04

During the past 12 years, Shenzhen FRD Science & Techonology Co's highest Return-on-Tangible-Equity was 31.90%. The lowest was 1.50%. And the median was 15.56%.

SZSE:300602's Return-on-Tangible-Equity is ranked worse than
50.99% of 2365 companies
in the Hardware industry
Industry Median: 5.3 vs SZSE:300602: 5.04

Shenzhen FRD Science & Techonology Co Return-on-Tangible-Equity Historical Data

The historical data trend for Shenzhen FRD Science & Techonology 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.

Shenzhen FRD Science & Techonology Co Return-on-Tangible-Equity Chart

Shenzhen FRD Science & Techonology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Return-on-Tangible-Equity

Get a 7-Day Free Trial

31.90

13.19

1.50

4.65

3.82

Shenzhen FRD Science & Techonology 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															-4.76	4.42	5.64	6.65	2.87

Competitive Comparison of Shenzhen FRD Science & Techonology Co's Return-on-Tangible-Equity

For the Electronic Components subindustry, Shenzhen FRD Science & Techonology 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.

Shenzhen FRD Science & Techonology Co's Return-on-Tangible-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen FRD Science & Techonology Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Shenzhen FRD Science & Techonology Co's Return-on-Tangible-Equity falls into.

Shenzhen FRD Science & Techonology Co Return-on-Tangible-Equity Calculation

Shenzhen FRD Science & Techonology 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 )
	=	103.214	/	( (2119.006	+	3286.286 )	/ 2 )
	=	103.214	/	2702.646
	=	3.82 %

Shenzhen FRD Science & Techonology 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 )
	=	94.54	/	( (3286.286	+	3294.928)	/ 2 )
	=	94.54	/	3290.607
	=	2.87 %

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.

Shenzhen FRD Science & Techonology Co (SZSE:300602) 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.

Shenzhen FRD Science & Techonology Co Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Shenzhen FRD Science & Techonology Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen FRD Science & Techonology Co (SZSE:300602) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen FRD Science & Techonology Co Ltd (SZSE:300602) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Gaofa Industrial Park, Maotoushan, FRD Building, Beihuan Boulevard, 1st to 6th Floor, Nanshan District, Guangdong Province, Shenzhen, CHN, 518055

Website

http://www.frd.cn

Shenzhen FRD Science & Techonology Co Ltd is a China based company engaged in manufacturing of EMI shielding materials, Thermal interface materials and other related electronic materials. The company has a business presence in China, and other countries. EMI shielding materials include metal shielding products, electrically conductive elastomer, fabric over foam and conductive, electrically conductive plastics, and microwave absorber. Thermal materials comprise graphite film, thermal interface material, and thermally conductive plastics. The other supporting materials offered by the entity are PUR hot melt adhesive, and graphics overlay and labels.

Shenzhen FRD Science & Techonology Co (SZSE:300602) Headlines

No Headlines