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. Brite-Tech Bhd's annualized net income for the quarter that ended in Dec. 2024 was RM18.49 Mil. Brite-Tech Bhd's average shareholder tangible equity for the quarter that ended in Dec. 2024 was RM92.93 Mil. Therefore, Brite-Tech Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was 19.89%.
The historical rank and industry rank for Brite-Tech Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:0011'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.12 Med: 9.32 Max: 11.78
Current: 10.2
During the past 13 years, Brite-Tech Bhd's highest Return-on-Tangible-Equity was 11.78%. The lowest was 7.12%. And the median was 9.32%.
XKLS:0011's Return-on-Tangible-Equity is ranked better than 63.65% of 2935
companies
in the Industrial Products industry
Industry Median: 6.82
vs XKLS:0011: 10.20
Brite-Tech Bhd Return-on-Tangible-Equity Historical Data
The historical data trend for Brite-Tech Bhd'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.
Competitive Comparison of Brite-Tech Bhd's Return-on-Tangible-Equity
For the Pollution & Treatment Controls subindustry, Brite-Tech Bhd'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.
Brite-Tech Bhd's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Brite-Tech Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Brite-Tech Bhd's Return-on-Tangible-Equity falls into.
* 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 (Dec. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Brite-Tech Bhd (XKLS:0011) 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.
Brite-Tech Bhd Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Brite-Tech Bhd's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Brite-Tech Bhd is an integrated water purification and wastewater treatment solutions provider company in Malaysia. The group operates through its three segments namely, Environmental Products and services, System equipment and ancillary products, and Investment segment. The company generates the majority of the revenue from the Environmental products and services segment which is engaged in providing services and products in the field of water treatment as well as engineered and formulated chemical products for water and wastewater treatment, and to provide analytical laboratory and environmental monitoring services. Its products and services include Boiler Water Treatment, Cooling water treatment, and Water & Wastewater Treatment. All of its operations are conducted in Malaysia.
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