What is Precision Tsugami (China) 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. Precision Tsugami (China)'s annualized net income for the quarter that ended in Sep. 2023 was HK$475 Mil. Precision Tsugami (China)'s average shareholder tangible equity for the quarter that ended in Sep. 2023 was HK$2,834 Mil. Therefore, Precision Tsugami (China)'s annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 16.75%.
The historical rank and industry rank for Precision Tsugami (China)'s Return-on-Tangible-Equity or its related term are showing as below:
HKSE:01651'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.7 Med: 23.53 Max: 52.15
Current: 19.96
During the past 9 years, Precision Tsugami (China)'s highest Return-on-Tangible-Equity was 52.15%. The lowest was 10.70%. And the median was 23.53%.
HKSE:01651's Return-on-Tangible-Equity is ranked better than 83.42% of 2920
companies
in the Industrial Products industry
Industry Median: 7.56
vs HKSE:01651: 19.96
Precision Tsugami (China) Return-on-Tangible-Equity Historical Data
The historical data trend for Precision Tsugami (China)'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 Precision Tsugami (China)'s Return-on-Tangible-Equity
For the Tools & Accessories subindustry, Precision Tsugami (China)'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.
Precision Tsugami (China)'s Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Precision Tsugami (China)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Precision Tsugami (China)'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.
Precision Tsugami (China) Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Precision Tsugami (China)'s Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Precision Tsugami (China) (HKSE:01651) Business Description
Precision Tsugami (China) Corp Ltd is engaged in the manufacturing and distribution of computer numerical control (CNC) high precision machine tools; and the provision of commercial consultation services. It manufactures and sells CNC machine tools including Precision lathes, Precision machining centres, Precision thread and form rolling machines and Precision grinding machines under the TSUGAMI brand. The company only has one reportable operating segment which is the manufacture and sale of high precision CNC machine tools. Its products are mainly for the Chinese market and are also sold to Japan, Europe, the US, Southeast Asia and other countries.
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