New Asia Construction & Development (TPE:2516) Return-on-Tangible-Equity : 12.78% (As of Mar. 2024)

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What is New Asia Construction & Development 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. New Asia Construction & Development's annualized net income for the quarter that ended in Mar. 2024 was NT$200 Mil. New Asia Construction & Development's average shareholder tangible equity for the quarter that ended in Mar. 2024 was NT$1,563 Mil. Therefore, New Asia Construction & Development's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 12.78%.

The historical rank and industry rank for New Asia Construction & Development's Return-on-Tangible-Equity or its related term are showing as below:

TPE:2516' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -46.25 Med: 2.12 Max: 12.05
Current: 10.81

During the past 13 years, New Asia Construction & Development's highest Return-on-Tangible-Equity was 12.05%. The lowest was -46.25%. And the median was 2.12%.

TPE:2516's Return-on-Tangible-Equity is ranked better than
59.53% of 1606 companies
in the Construction industry
Industry Median: 7.835 vs TPE:2516: 10.81

New Asia Construction & Development Return-on-Tangible-Equity Historical Data

The historical data trend for New Asia Construction & Development'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.

New Asia Construction & Development Return-on-Tangible-Equity Chart

New Asia Construction & Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Return-on-Tangible-Equity

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1.38

-33.66

6.33

-46.25

12.05

New Asia Construction & Development 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															17.42	14.11	18.81	-2.16	12.78

Competitive Comparison of New Asia Construction & Development's Return-on-Tangible-Equity

For the Engineering & Construction subindustry, New Asia Construction & Development'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.

New Asia Construction & Development's Return-on-Tangible-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, New Asia Construction & Development's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where New Asia Construction & Development's Return-on-Tangible-Equity falls into.

New Asia Construction & Development Return-on-Tangible-Equity Calculation

New Asia Construction & Development'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 )
	=	174.423	/	( (1361.562	+	1532.354 )	/ 2 )
	=	174.423	/	1446.958
	=	12.05 %

New Asia Construction & Development'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 )
	=	199.72	/	( (1532.354	+	1593.692)	/ 2 )
	=	199.72	/	1563.023
	=	12.78 %

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.

New Asia Construction & Development (TPE:2516) 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.

New Asia Construction & Development Return-on-Tangible-Equity Related Terms

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New Asia Construction & Development (TPE:2516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » New Asia Construction & Development Corp (TPE:2516) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

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Address

N0. 760, Section 4, Bade Road,, 15,16th floor,, Songshan District, Taipei, TWN

Website

http://www.newasia.com.tw

New Asia Construction & Development Corp operates in the engineering and construction industry. The company is engaged in the construction of heavy equipment needed for civil engineering, development business related to land and community, construction, leasing, or selling of heavy equipment and public housing, and office buildings and repairs. The company is also engaged in manufacturing and selling ready mixed concrete and asphalt concrete and investment.

New Asia Construction & Development (TPE:2516) Headlines

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