What is Top Wealth Group Holding 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. Top Wealth Group Holding's annualized net income for the quarter that ended in Dec. 2023 was $1.96 Mil. Top Wealth Group Holding's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $4.46 Mil. Therefore, Top Wealth Group Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 43.88%.
The historical rank and industry rank for Top Wealth Group Holding's Return-on-Tangible-Equity or its related term are showing as below:
TWG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 63.96 Med: 110.47 Max: 155.62
Current: 63.96
During the past 3 years, Top Wealth Group Holding's highest Return-on-Tangible-Equity was 155.62%. The lowest was 63.96%. And the median was 110.47%.
TWG's Return-on-Tangible-Equity is ranked better than 86.91% of 298
companies
in the Retail - Defensive industry
Industry Median: 12.05
vs TWG: 63.96
Top Wealth Group Holding Return-on-Tangible-Equity Historical Data
The historical data trend for Top Wealth Group Holding'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.
Top Wealth Group Holding Return-on-Tangible-Equity Chart
Top Wealth Group Holding Annual Data
Trend
Dec21
Dec22
Dec23
Return-on-Tangible-Equity
-
155.62
65.32
Top Wealth Group Holding Semi-Annual Data
Dec21
Jun22
Dec22
Jun23
Dec23
Return-on-Tangible-Equity
-
Negative Tangible Equity
76.99
90.02
43.88
Competitive Comparison of Top Wealth Group Holding's Return-on-Tangible-Equity
For the Food Distribution subindustry, Top Wealth Group Holding'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.
Top Wealth Group Holding's Return-on-Tangible-Equity Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Top Wealth Group Holding's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Top Wealth Group Holding's Return-on-Tangible-Equity falls into.
Top Wealth Group Holding Return-on-Tangible-Equity Calculation
Top Wealth Group Holding'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.
Top Wealth Group Holding (NAS:TWG) 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.
Top Wealth Group Holding Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Top Wealth Group Holding's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Top Wealth Group Holding (Top Wealth Group Holding) Business Description
Top Wealth Group Holding Ltd is as supplier of caviar and offer caviar-based gourmet products. It is specialized in supplying high quality sturgeons caviar.
Top Wealth Group Holding (Top Wealth Group Holding) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TWG has been successfully added to your