What is Star Plus Legend 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. Star Plus Legend Holdings's annualized net income for the quarter that ended in Dec. 2023 was HK$47.0 Mil. Star Plus Legend Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$463.8 Mil. Therefore, Star Plus Legend Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 10.14%.
The historical rank and industry rank for Star Plus Legend Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:06683'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.72 Med: 29.48 Max: 95.71
Current: 9.61
During the past 5 years, Star Plus Legend Holdings's highest Return-on-Tangible-Equity was 95.71%. The lowest was 7.72%. And the median was 29.48%.
HKSE:06683's Return-on-Tangible-Equity is ranked better than 56.26% of 1790
companies
in the Consumer Packaged Goods industry
Industry Median: 7.74
vs HKSE:06683: 9.61
Star Plus Legend Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Star Plus Legend Holdings'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.
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Star Plus Legend Holdings Return-on-Tangible-Equity Chart
Competitive Comparison of Star Plus Legend Holdings's Return-on-Tangible-Equity
For the Packaged Foods subindustry, Star Plus Legend 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.
Star Plus Legend Holdings's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Star Plus Legend Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Star Plus Legend Holdings's Return-on-Tangible-Equity falls into.
Star Plus Legend Holdings Return-on-Tangible-Equity Calculation
Star Plus Legend 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.
Star Plus Legend Holdings (HKSE:06683) 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.
Star Plus Legend Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Star Plus Legend Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Star Plus Legend Holdings (HKSE:06683) Business Description
Star Plus Legend Holdings Ltd is an investment holding company. The company and its subsidiaries are principally engaged in new retail business and IP creation and operation business in the People's Republic of China. In the new retail business, the company primarily develops and sells health management products and skincare products. In the IP creation and operation business, the company creates unique celebrity IPs by providing planning and other project management services to media content, acting as an event planning service provider and investor in large-scale concerts featuring celebrities and other events, together with designing and licensing proprietary celebrity IPs. The majority of revenue is derived from the new retail business.
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