What is China East Education 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. China East Education Holdings's annualized net income for the quarter that ended in Dec. 2023 was HK$150 Mil. China East Education Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$6,087 Mil. Therefore, China East Education Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 2.47%.
The historical rank and industry rank for China East Education Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00667'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.37 Med: 15.16 Max: 53.09
Current: 4.83
During the past 8 years, China East Education Holdings's highest Return-on-Tangible-Equity was 53.09%. The lowest was 4.37%. And the median was 15.16%.
HKSE:00667's Return-on-Tangible-Equity is ranked worse than 63.18% of 239
companies
in the Education industry
Industry Median: 10.73
vs HKSE:00667: 4.83
China East Education 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.
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China East Education Holdings Return-on-Tangible-Equity Chart
Competitive Comparison of China East Education Holdings's Return-on-Tangible-Equity
For the Education & Training Services subindustry, China East Education 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.
China East Education Holdings's Return-on-Tangible-Equity Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, China East Education Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China East Education Holdings's Return-on-Tangible-Equity falls into.
China East Education Holdings Return-on-Tangible-Equity Calculation
China East Education Holdings'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 two times the semi-annual (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
China East Education Holdings (HKSE:00667) 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 East Education Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of China East Education Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
China East Education Holdings (HKSE:00667) Business Description
China East Education is the largest vocational training education provider in China in terms of average students enrolled. It was founded in 1988 and its business spans four segments: culinary arts, information & internet technology, auto services, and fashion & beauty. It runs schools under six brands: New East, Omick, Xinhua Internet, Wisezone, Wontone, and On-mind. It also operates customized catering experience centers under Cuisine Academy. Its average students enrolled was 142,765 as of Dec. 31, 2022. In 2022, China East Education's revenue breakdown by major businesses was 59% in culinary arts, 20% in information & internet technology, 19% in auto services.
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