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Anvifish Jsc (HSTC:AVF) Return-on-Tangible-Equity : -170.95% (As of Sep. 2017)


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What is Anvifish Jsc 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. Anvifish Jsc's annualized net income for the quarter that ended in Sep. 2017 was ₫-1,505,806 Mil. Anvifish Jsc's average shareholder tangible equity for the quarter that ended in Sep. 2017 was ₫880,861 Mil. Therefore, Anvifish Jsc's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2017 was -170.95%.

The historical rank and industry rank for Anvifish Jsc's Return-on-Tangible-Equity or its related term are showing as below:

HSTC:AVF's Return-on-Tangible-Equity is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 7.74
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Anvifish Jsc Return-on-Tangible-Equity Historical Data

The historical data trend for Anvifish Jsc'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.

* Premium members only.

Anvifish Jsc Return-on-Tangible-Equity Chart

Anvifish Jsc Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Sep15 Sep16
Return-on-Tangible-Equity
Get a 7-Day Free Trial 27.52 16.56 16.16 14.49 10.78

Anvifish Jsc Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.12 4.41 -4.97 0.79 -170.95

Competitive Comparison of Anvifish Jsc's Return-on-Tangible-Equity

For the Farm Products subindustry, Anvifish Jsc'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.


Anvifish Jsc's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Anvifish Jsc's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Anvifish Jsc's Return-on-Tangible-Equity falls into.



Anvifish Jsc Return-on-Tangible-Equity Calculation

Anvifish Jsc's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2016 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Sep. 2016 )  (A: Sep. 2015 )(A: Sep. 2016 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Sep. 2016 )  (A: Sep. 2015 )(A: Sep. 2016 )
=118233.61/( (0+1096509.488 )/ 1 )
=118233.61/1096509.488
=10.78 %

Anvifish Jsc's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2017 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2017 )  (Q: Jun. 2017 )(Q: Sep. 2017 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2017 )  (Q: Jun. 2017 )(Q: Sep. 2017 )
=-1505806.376/( (1056082.151+705640.259)/ 2 )
=-1505806.376/880861.205
=-170.95 %

* 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 (Sep. 2017) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Anvifish Jsc  (HSTC:AVF) 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.


Anvifish Jsc Return-on-Tangible-Equity Related Terms

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Anvifish Jsc (HSTC:AVF) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Lot 11-1, 11-2, 11-3 C Expansion Area, Sa Dec Industrial Park, Tan Khanh Dong Village, Sa Dec Town, Dong Thap, VNM
Anvifish Jsc Formerly Viet Thang Feed Jsc is engaged in producing and processing of feeds for aquaculture, livestock and poultry; trading of feeds and raw materials for aquaculture, livestock and poultry; and culturing seafood.