The historical rank and industry rank for Songz Automobile Air Conditioning Co's Return-on-Tangible-Equity or its related term are showing as below:
SZSE:002454'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.84 Med: 7.12 Max: 14.5
Current: 3.3
During the past 13 years, Songz Automobile Air Conditioning Co's highest Return-on-Tangible-Equity was 14.50%. The lowest was 2.84%. And the median was 7.12%.
SZSE:002454's Return-on-Tangible-Equity is ranked worse than 69.26% of 1246
companies
in the Vehicles & Parts industry
Industry Median: 8.605
vs SZSE:002454: 3.30
Songz Automobile Air Conditioning 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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Songz Automobile Air Conditioning Co Return-on-Tangible-Equity Chart
Competitive Comparison of Songz Automobile Air Conditioning Co's Return-on-Tangible-Equity
For the Auto Parts subindustry, Songz Automobile Air Conditioning 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.
Songz Automobile Air Conditioning Co's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Songz Automobile Air Conditioning Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Songz Automobile Air Conditioning Co's Return-on-Tangible-Equity falls into.
Songz Automobile Air Conditioning Co Return-on-Tangible-Equity Calculation
* 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.
Songz Automobile Air Conditioning Co (SZSE:002454) 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.
Songz Automobile Air Conditioning Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Songz Automobile Air Conditioning Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Songz Automobile Air Conditioning Co (SZSE:002454) Business Description
Songz Automobile Air Conditioning Co Ltd foreign-funded enterprise. It is engaged in research and development, manufacturing and marketing of the air-conditioners used in commercial and passenger vehicles. Songz is a professional vehicle air-conditioner manufacturer and is also the domestic manufacturer of large and medium-sized passenger vehicle air-conditioners. Its products are widely used in various types of large and medium-sized passenger vehicles, passenger cars, trucks, light-duty buses and rail vehicles, filling in the domestic blank of the double-decker bus air conditioner production.
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