What is Fortune Electric 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. Fortune Electric Co's annualized net income for the quarter that ended in Mar. 2024 was NT$2,392 Mil. Fortune Electric Co's average shareholder tangible equity for the quarter that ended in Mar. 2024 was NT$5,486 Mil. Therefore, Fortune Electric Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 43.60%.
The historical rank and industry rank for Fortune Electric Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:1519'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.95 Med: 8.43 Max: 62.69
Current: 62.69
During the past 13 years, Fortune Electric Co's highest Return-on-Tangible-Equity was 62.69%. The lowest was 1.95%. And the median was 8.43%.
TPE:1519's Return-on-Tangible-Equity is ranked better than 95.09% of 2913
companies
in the Industrial Products industry
Industry Median: 7.53
vs TPE:1519: 62.69
Fortune Electric Co Return-on-Tangible-Equity Historical Data
The historical data trend for Fortune Electric 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.
Fortune Electric Co Return-on-Tangible-Equity Chart
Competitive Comparison of Fortune Electric Co's Return-on-Tangible-Equity
For the Electrical Equipment & Parts subindustry, Fortune Electric 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.
Fortune Electric Co's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fortune Electric Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fortune Electric Co's Return-on-Tangible-Equity falls into.
Fortune Electric Co Return-on-Tangible-Equity Calculation
Fortune Electric Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Fortune Electric Co (TPE:1519) 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.
Fortune Electric Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Fortune Electric Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortune Electric Co (TPE:1519) Business Description
Fortune Electric Co Ltd is engaged in manufactures, processes, and trades of transformers, distribution panels, low voltage switches, and substation equipment. The company's operating segment includes Electrical and Mechanical Department and Turnkey Department. It generates maximum revenue from the Electrical and Mechanical department segment. The company's products include cast resin transformer, amorphous metal alloy core transformer, power transformer, distribution transformer, metal-clad switchgear, GIS, switchgear panel, motor control center, gas switch, and transmission and distribution apparatus.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TPE:1519 has been successfully added to your 