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Xinjiang Tianye Waterving Irrigation System Co (HKSE:00840) ROE % : -19.31% (As of Dec. 2023)


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What is Xinjiang Tianye Waterving Irrigation System Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Xinjiang Tianye Waterving Irrigation System Co's annualized net income for the quarter that ended in Dec. 2023 was HK$-88 Mil. Xinjiang Tianye Waterving Irrigation System Co's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was HK$455 Mil. Therefore, Xinjiang Tianye Waterving Irrigation System Co's annualized ROE % for the quarter that ended in Dec. 2023 was -19.31%.

The historical rank and industry rank for Xinjiang Tianye Waterving Irrigation System Co's ROE % or its related term are showing as below:

HKSE:00840' s ROE % Range Over the Past 10 Years
Min: -15.37   Med: -5.02   Max: 0.29
Current: -3.84

During the past 13 years, Xinjiang Tianye Waterving Irrigation System Co's highest ROE % was 0.29%. The lowest was -15.37%. And the median was -5.02%.

HKSE:00840's ROE % is ranked worse than
83.9% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 7.65 vs HKSE:00840: -3.84

Xinjiang Tianye Waterving Irrigation System Co ROE % Historical Data

The historical data trend for Xinjiang Tianye Waterving Irrigation System Co's ROE % 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.

Xinjiang Tianye Waterving Irrigation System Co ROE % Chart

Xinjiang Tianye Waterving Irrigation System Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.13 0.12 -12.45 -15.37 -2.66

Xinjiang Tianye Waterving Irrigation System Co Quarterly Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -13.03 -33.54 - 3.21 -19.31

Competitive Comparison of Xinjiang Tianye Waterving Irrigation System Co's ROE %

For the Farm & Heavy Construction Machinery subindustry, Xinjiang Tianye Waterving Irrigation System Co's ROE %, along with its competitors' market caps and ROE % 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.


Xinjiang Tianye Waterving Irrigation System Co's ROE % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Xinjiang Tianye Waterving Irrigation System Co's ROE % distribution charts can be found below:

* The bar in red indicates where Xinjiang Tianye Waterving Irrigation System Co's ROE % falls into.



Xinjiang Tianye Waterving Irrigation System Co ROE % Calculation

Xinjiang Tianye Waterving Irrigation System Co's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-12.639/( (495.848+455.392)/ 2 )
=-12.639/475.62
=-2.66 %

Xinjiang Tianye Waterving Irrigation System Co's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=-87.956/( (0+455.392)/ 1 )
=-87.956/455.392
=-19.31 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Xinjiang Tianye Waterving Irrigation System Co  (HKSE:00840) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-87.956/455.392
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-87.956 / 2239.268)*(2239.268 / 1334.356)*(1334.356 / 455.392)
=Net Margin %*Asset Turnover*Equity Multiplier
=-3.93 %*1.6782*2.9301
=ROA %*Equity Multiplier
=-6.6 %*2.9301
=-19.31 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-87.956/455.392
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-87.956 / -83.924) * (-83.924 / 38.784) * (38.784 / 2239.268) * (2239.268 / 1334.356) * (1334.356 / 455.392)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.048 * -2.1639 * 1.73 % * 1.6782 * 2.9301
=-19.31 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Xinjiang Tianye Waterving Irrigation System Co ROE % Related Terms

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Xinjiang Tianye Waterving Irrigation System Co Business Description

Traded in Other Exchanges
N/A
Address
No. 501–503 Castle Peak Road, International Industrial Building, Room B102, Block B, 10th Floor, Cheung Sha Wan, Kowloon, Hong Kong, HKG
Xinjiang Tianye Water Saving Irrigation System Co Ltd is a China-based firm engaged in the manufacture of plastic products. Its activities include the production and marketing of agricultural plastic water-saving irrigation equipment and plastic pipelines, and construction and installation of water-saving irrigation systems. The company's products include the PVC materials for water supply pipes, PE piping materials and accessories, pressure compensatory drip tapes, labyrinth-style drip tapes, embedded-style drip tapes, agricultural tapes and drippers. It also offers installation services for water-saving irrigation systems.
Executives
Ding Wei 2101 Beneficial owner
Wang Bing 2202 Interest of your spouse

Xinjiang Tianye Waterving Irrigation System Co Headlines

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