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. China Mobile's annualized net income for the quarter that ended in Mar. 2024 was $16,446 Mil. China Mobile's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $177,493 Mil. Therefore, China Mobile's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 9.27%.
The historical rank and industry rank for China Mobile's Return-on-Tangible-Equity or its related term are showing as below:
CHL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.09 Med: 11.48 Max: 14.03
Current: 10.58
During the past 13 years, China Mobile's highest Return-on-Tangible-Equity was 14.03%. The lowest was 10.09%. And the median was 11.48%.
CHL's Return-on-Tangible-Equity is ranked worse than 54.6% of 337
companies
in the Telecommunication Services industry
Industry Median: 13.02
vs CHL: 10.58
China Mobile Return-on-Tangible-Equity Historical Data
The historical data trend for China Mobile'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 China Mobile's Return-on-Tangible-Equity
For the Telecom Services subindustry, China Mobile'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.
China Mobile's Return-on-Tangible-Equity Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, China Mobile's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Mobile's Return-on-Tangible-Equity falls into.
China Mobile Return-on-Tangible-Equity Calculation
China Mobile's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
China Mobile (NYSE:CHL) 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.
China Mobile Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of China Mobile's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (990 million) but also the largest in the world. It has 60% of the total wireless market in China and 45% of the fixed-line broadband market. The firm is continuing to roll out its 5G network, having launched 5G service in late 2019. It is doing some 5G network sharing with China Broadnet at 700 MHz and also resells its 2G/4G/5G network through China Broadnet. Strong growth is being generated through internet data centers where it has the second-largest network in China and through Cloud Services. The company issued stock on the A-share market in 2022 and completed its first buyback of H-shares.
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