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. RemeGen Co's annualized net income for the quarter that ended in Dec. 2023 was HK$0.0 Mil. RemeGen Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$3,602.3 Mil. Therefore, RemeGen Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 0.00%.
The historical rank and industry rank for RemeGen Co's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:09995'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -41.98 Med: -29.72 Max: 8.09
Current: -15.9
During the past 6 years, RemeGen Co's highest Return-on-Tangible-Equity was 8.09%. The lowest was -41.98%. And the median was -29.72%.
HKSE:09995's Return-on-Tangible-Equity is ranked better than 70.21% of 1306
companies
in the Biotechnology industry
Industry Median: -46.86
vs HKSE:09995: -15.90
RemeGen Co Return-on-Tangible-Equity Historical Data
The historical data trend for RemeGen Co'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 RemeGen Co's Return-on-Tangible-Equity
For the Biotechnology subindustry, RemeGen 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.
RemeGen Co's Return-on-Tangible-Equity Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, RemeGen Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where RemeGen Co's Return-on-Tangible-Equity falls into.
RemeGen Co Return-on-Tangible-Equity Calculation
RemeGen Co'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 four times the quarterly (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
RemeGen Co (HKSE:09995) 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.
RemeGen Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of RemeGen Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
RemeGen was established in 2008 and listed on the Hong Kong Stock Exchange in 2020. It is a commercial stage biotech company focused on developing drugs to treat autoimmune disease, cancer, and ophthalmic disease for the China market and potentially the global market, as well. Its core assets are disitamab vedotin (RC48), a HER2-targeting antibody-drug conjugate (ADC) for treating HER2-expressing cancers, and telitacicept (RC18), a BLyS and APRIL targeting bispecific fusion protein for treating various B-cell mediated autoimmune diseases. These drugs received their first approvals in China in 2021 and are both covered on the National Reimbursement Drug List (NRDL).
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