What is Kingmaker Footwear 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. Kingmaker Footwear Holdings's annualized net income for the quarter that ended in Sep. 2023 was HK$43.8 Mil. Kingmaker Footwear Holdings's average shareholder tangible equity for the quarter that ended in Sep. 2023 was HK$1,191.1 Mil. Therefore, Kingmaker Footwear Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 3.68%.
The historical rank and industry rank for Kingmaker Footwear Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:01170'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.7 Med: 7.1 Max: 23.16
Current: 3.93
During the past 13 years, Kingmaker Footwear Holdings's highest Return-on-Tangible-Equity was 23.16%. The lowest was -4.70%. And the median was 7.10%.
HKSE:01170's Return-on-Tangible-Equity is ranked worse than 53.79% of 1015
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.77
vs HKSE:01170: 3.93
Kingmaker Footwear 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 Kingmaker Footwear Holdings's Return-on-Tangible-Equity
For the Footwear & Accessories subindustry, Kingmaker Footwear 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.
Kingmaker Footwear Holdings's Return-on-Tangible-Equity Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kingmaker Footwear Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kingmaker Footwear 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 two times the semi-annual (Sep. 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.
Kingmaker Footwear Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Kingmaker Footwear Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Kingmaker Footwear Holdings (HKSE:01170) Business Description
Kingmaker Footwear Holdings Ltd is a Hong Kong-based company involved in the footwear business. The company focuses on the production of athletic, lifestyle shoes, rugged footwear, and children's shoes. The firm has two operating segments, Manufacturing and sale of footwear products; and Property Investment. It derives a majority of its revenue from the Manufacturing and sale of footwear products. Geographically, the group has a business presence in the United States Asia, Europe, and Other countries, the firm generates the majority of its revenue from the United States.
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