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 Lilang's annualized net income for the quarter that ended in Dec. 2023 was HK$569 Mil. China Lilang's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$4,238 Mil. Therefore, China Lilang's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 13.42%.
The historical rank and industry rank for China Lilang's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:01234'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.88 Med: 19.73 Max: 23.82
Current: 13.86
During the past 13 years, China Lilang's highest Return-on-Tangible-Equity was 23.82%. The lowest was 11.88%. And the median was 19.73%.
HKSE:01234's Return-on-Tangible-Equity is ranked better than 78.12% of 1010
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.62
vs HKSE:01234: 13.86
China Lilang Return-on-Tangible-Equity Historical Data
The historical data trend for China Lilang'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 Lilang's Return-on-Tangible-Equity
For the Apparel Manufacturing subindustry, China Lilang'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 Lilang's Return-on-Tangible-Equity Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Lilang's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Lilang's Return-on-Tangible-Equity falls into.
China Lilang Return-on-Tangible-Equity Calculation
China Lilang'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 Lilang (HKSE:01234) 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 Lilang Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of China Lilang's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
China Lilang Ltd manufactures business and casual menswear apparel, with roughly two thirds of revenue coming from tops. China Lilang sells its products under the Lilanz brand, which generates the vast majority of the company's revenue, and the L2 brand. All the company's sales are made in China. China Lilang wholesales its products to distributors who operate thousands of Lilanz-branded and L2-branded retail stores. China Lilang also has two self-operated flagship retail stores and sells its products through its own and third-party e-commerce platforms.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01234 has been successfully added to your 