Qingyan Environmental Technology Co (SZSE:301288) Return-on-Tangible-Equity : -2.33% (As of Mar. 2024)

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What is Qingyan Environmental Technology 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. Qingyan Environmental Technology Co's annualized net income for the quarter that ended in Mar. 2024 was ¥-19.1 Mil. Qingyan Environmental Technology Co's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ¥818.7 Mil. Therefore, Qingyan Environmental Technology Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -2.33%.

The historical rank and industry rank for Qingyan Environmental Technology Co's Return-on-Tangible-Equity or its related term are showing as below:

SZSE:301288' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.25 Med: 30.48 Max: 92.67
Current: 1.25

During the past 6 years, Qingyan Environmental Technology Co's highest Return-on-Tangible-Equity was 92.67%. The lowest was 1.25%. And the median was 30.48%.

SZSE:301288's Return-on-Tangible-Equity is ranked worse than
70.45% of 220 companies
in the Waste Management industry
Industry Median: 10.545 vs SZSE:301288: 1.25

Qingyan Environmental Technology Co Return-on-Tangible-Equity Historical Data

The historical data trend for Qingyan Environmental Technology 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.

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Qingyan Environmental Technology Co Return-on-Tangible-Equity Chart

Qingyan Environmental Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Return-on-Tangible-Equity

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92.67

37.60

23.35

2.13

2.57

Qingyan Environmental Technology Co Quarterly Data
	Dec18	Dec19	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												2.98	3.23	0.10	3.98	-2.33

Competitive Comparison of Qingyan Environmental Technology Co's Return-on-Tangible-Equity

For the Waste Management subindustry, Qingyan Environmental Technology 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.

Qingyan Environmental Technology Co's Return-on-Tangible-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Qingyan Environmental Technology Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Qingyan Environmental Technology Co's Return-on-Tangible-Equity falls into.

Qingyan Environmental Technology Co Return-on-Tangible-Equity Calculation

Qingyan Environmental Technology 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 )
	=	20.964	/	( (799.277	+	832.371 )	/ 2 )
	=	20.964	/	815.824
	=	2.57 %

Qingyan Environmental Technology 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 )
	=	-19.116	/	( (832.371	+	805.007)	/ 2 )
	=	-19.116	/	818.689
	=	-2.33 %

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.

Qingyan Environmental Technology Co (SZSE:301288) 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.

Qingyan Environmental Technology Co Return-on-Tangible-Equity Related Terms

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Qingyan Environmental Technology Co (SZSE:301288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Qingyan Environmental Technology Co Ltd (SZSE:301288) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 019, Gaoxin South 7th Road, Yuehai Street, Room C527, 5th Floor, Tsinghua University Research Institute, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.tsinghuan.com.cn

Qingyan Environmental Technology Co Ltd is engaged in the biochemical wastewater treatment technology research and development and application.

Qingyan Environmental Technology Co (SZSE:301288) Headlines

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