What is Yue Yuen Industrial (Holdings) 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. Yue Yuen Industrial (Holdings)'s annualized net income for the quarter that ended in Dec. 2023 was $548 Mil. Yue Yuen Industrial (Holdings)'s average shareholder tangible equity for the quarter that ended in Dec. 2023 was $3,970 Mil. Therefore, Yue Yuen Industrial (Holdings)'s annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 13.81%.
The historical rank and industry rank for Yue Yuen Industrial (Holdings)'s Return-on-Tangible-Equity or its related term are showing as below:
YUEIY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.45 Med: 8.27 Max: 13.11
Current: 4.9
During the past 13 years, Yue Yuen Industrial (Holdings)'s highest Return-on-Tangible-Equity was 13.11%. The lowest was -2.45%. And the median was 8.27%.
YUEIY's Return-on-Tangible-Equity is ranked better than 51.47% of 1018
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.515
vs YUEIY: 4.90
Yue Yuen Industrial (Holdings) Return-on-Tangible-Equity Historical Data
* 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 Yue Yuen Industrial (Holdings)'s Return-on-Tangible-Equity
For the Footwear & Accessories subindustry, Yue Yuen Industrial (Holdings)'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.
Yue Yuen Industrial (Holdings)'s Return-on-Tangible-Equity Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Yue Yuen Industrial (Holdings)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Yue Yuen Industrial (Holdings)'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. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Yue Yuen Industrial (Holdings) Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Yue Yuen Industrial (Holdings)'s Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Yue Yuen Industrial (Holdings) (Yue Yuen Industrial (Holdings)) Business Description
Yue Yuen Industrial (Holdings) Ltd is engaged in footwear businesses. The company operates in two reportable segments: Manufacturing Business and Retailing Business. Manufacturing Business contributes the majority of the revenue. Its products include athletic shoes, casual shoes, outdoor shoes, sports sandals, soles, components, and Apparel wholesale. The company operates in the United States, China, Europe, Asia, and Others.
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