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Belle International Holdings (Belle International Holdings) Return-on-Tangible-Equity : 5.74% (As of Feb. 2017)


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What is Belle International 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. Belle International Holdings's annualized net income for the quarter that ended in Feb. 2017 was $195 Mil. Belle International Holdings's average shareholder tangible equity for the quarter that ended in Feb. 2017 was $3,402 Mil. Therefore, Belle International Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2017 was 5.74%.

The historical rank and industry rank for Belle International Holdings's Return-on-Tangible-Equity or its related term are showing as below:

BELLY's Return-on-Tangible-Equity is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 4.45
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Belle International Holdings Return-on-Tangible-Equity Historical Data

The historical data trend for Belle International Holdings'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.

Belle International Holdings Return-on-Tangible-Equity Chart

Belle International Holdings Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Feb14 Feb15 Feb16 Feb17
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.24 21.12 23.07 14.16 10.56

Belle International Holdings Semi-Annual Data
Dec06 Dec07 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17
Return-on-Tangible-Equity 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 26.73 21.58 7.42 15.85 5.74

Competitive Comparison of Belle International Holdings's Return-on-Tangible-Equity

For the Footwear & Accessories subindustry, Belle International 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.


Belle International Holdings's Return-on-Tangible-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Belle International Holdings's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Belle International Holdings's Return-on-Tangible-Equity falls into.



Belle International Holdings Return-on-Tangible-Equity Calculation

Belle International Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Feb. 2017 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Feb. 2017 )  (A: Feb. 2016 )(A: Feb. 2017 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Feb. 2017 )  (A: Feb. 2016 )(A: Feb. 2017 )
=349.87/( (3201.173+3427.271 )/ 2 )
=349.87/3314.222
=10.56 %

Belle International Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2017 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Feb. 2017 )  (Q: Aug. 2016 )(Q: Feb. 2017 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Feb. 2017 )  (Q: Aug. 2016 )(Q: Feb. 2017 )
=195.3/( (3375.937+3427.271)/ 2 )
=195.3/3401.604
=5.74 %

* 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 two times the semi-annual (Feb. 2017) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Belle International Holdings  (OTCPK:BELLY) 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.


Belle International Holdings Return-on-Tangible-Equity Related Terms

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Belle International Holdings (Belle International Holdings) Business Description

Traded in Other Exchanges
N/A
Address
Belle International is China's largest women's footwear retailer. Founded in 1992, and headquartered in Hong Kong, Belle owns six of China's top 10 women's footwear brands, commanding as much as 25% market share in fiscal 2013. In addition to the manufacturing and distribution of female footwear, Belle also distributes major sportswear products, including Nike and Adidas.

Belle International Holdings (Belle International Holdings) Headlines

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