What is China Dongxiang (Group) Co 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 Dongxiang (Group) Co's annualized net income for the quarter that ended in Sep. 2023 was HK$-879 Mil. China Dongxiang (Group) Co's average shareholder tangible equity for the quarter that ended in Sep. 2023 was HK$10,336 Mil. Therefore, China Dongxiang (Group) Co's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was -8.50%.
The historical rank and industry rank for China Dongxiang (Group) Co's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:03818'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -17.73 Med: 8.11 Max: 17.25
Current: 0.83
During the past 13 years, China Dongxiang (Group) Co's highest Return-on-Tangible-Equity was 17.25%. The lowest was -17.73%. And the median was 8.11%.
HKSE:03818's Return-on-Tangible-Equity is ranked worse than 67.92% of 1010
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.62
vs HKSE:03818: 0.83
China Dongxiang (Group) Co 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 Dongxiang (Group) Co Return-on-Tangible-Equity Chart
Competitive Comparison of China Dongxiang (Group) Co's Return-on-Tangible-Equity
For the Apparel Manufacturing subindustry, China Dongxiang (Group) Co'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 Dongxiang (Group) Co's Return-on-Tangible-Equity Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Dongxiang (Group) Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Dongxiang (Group) Co's Return-on-Tangible-Equity falls into.
China Dongxiang (Group) Co Return-on-Tangible-Equity Calculation
China Dongxiang (Group) Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 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 (Sep. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
China Dongxiang (Group) Co (HKSE:03818) 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 Dongxiang (Group) Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of China Dongxiang (Group) Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
China Dongxiang (Group) Co (HKSE:03818) Business Description
China Dongxiang (Group) Co Ltd manufactures sports apparel and footwear. Its main brand is Kappa, which it sells in China. The company's primary sales channel is wholesale to distributors. The company also sells directly to consumers through more than 1,000 company-operated retail stores and outlets in China and through its e-commerce channel. It has two segments China Apparel and Investment. Sales in China account for most of the total company's revenue.
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