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Shanghai Baosight Software Co (SHSE:600845) Return-on-Tangible-Equity : 20.70% (As of Mar. 2024)


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What is Shanghai Baosight Software 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. Shanghai Baosight Software Co's annualized net income for the quarter that ended in Mar. 2024 was ¥2,359 Mil. Shanghai Baosight Software Co's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ¥11,395 Mil. Therefore, Shanghai Baosight Software Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 20.70%.

The historical rank and industry rank for Shanghai Baosight Software Co's Return-on-Tangible-Equity or its related term are showing as below:

SHSE:600845' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.79   Med: 15.16   Max: 24.96
Current: 24.96

During the past 13 years, Shanghai Baosight Software Co's highest Return-on-Tangible-Equity was 24.96%. The lowest was 7.79%. And the median was 15.16%.

SHSE:600845's Return-on-Tangible-Equity is ranked better than
73.85% of 2379 companies
in the Software industry
Industry Median: 7.88 vs SHSE:600845: 24.96

Shanghai Baosight Software Co Return-on-Tangible-Equity Historical Data

The historical data trend for Shanghai Baosight Software 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.

* Premium members only.

Shanghai Baosight Software Co Return-on-Tangible-Equity Chart

Shanghai Baosight Software Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.70 19.28 22.08 23.63 24.52

Shanghai Baosight Software Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 19.94 26.72 28.53 25.46 20.70

Competitive Comparison of Shanghai Baosight Software Co's Return-on-Tangible-Equity

For the Software - Application subindustry, Shanghai Baosight Software 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.


Shanghai Baosight Software Co's Return-on-Tangible-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Shanghai Baosight Software Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Baosight Software Co's Return-on-Tangible-Equity falls into.



Shanghai Baosight Software Co Return-on-Tangible-Equity Calculation

Shanghai Baosight Software Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=2553.639/( (9724.555+11103.629 )/ 2 )
=2553.639/10414.092
=24.52 %

Shanghai Baosight Software Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=2358.724/( (11103.629+11685.583)/ 2 )
=2358.724/11394.606
=20.70 %

* 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 (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Shanghai Baosight Software Co  (SHSE:600845) 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.


Shanghai Baosight Software Co Return-on-Tangible-Equity Related Terms

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Shanghai Baosight Software Co (SHSE:600845) Business Description

Traded in Other Exchanges
Address
No. 515 Guoshoujing Road, Zhangjiang New and High-Technology Park, Pudong, Shanghai, CHN, 201203
Shanghai Baosight Software Co Ltd is the IT software business unit of Baosteel. It offers products and services in sectors such as the iron and steel, transportation, service outsourcing, mining and extracting, nonferrous, and petrochemical industries. its product includes Metallurgical Industry Information System Architecture Integrating Intelligent, Robots, unmanned and other intelligent equipment, highly automated control software and systems, and agile, flexible, intelligent MOM solution.
Executives
Song Jian Hai senior management
Xia Xue Song Director
Chen Jian senior management
Liang Yue Yong senior management
Wang Jian Hu Directors, senior managers
Song Shi Wei senior management
Lv Zi Nan senior management
Zhou Jian Ping senior management
Hu Guo Fen senior management
Zhu Xiang Kai Director
Huang Min Qin Director
Feng Wei Min Supervisors
Zhang Shuo Gong Director
Chen Jian Dong Mi senior management
Chen Jian Fu Zong senior management

Shanghai Baosight Software Co (SHSE:600845) Headlines

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