Power Assets Ret. on equity
What is the Ret. on equity of Power Assets?
The Ret. on equity of Power Assets Holdings Limited is 6.55%
What is the definition of Ret. on equity?
Return on equity is a measure of the profitability of a business in relation to the book value of the shareholder equity. It is computed by dividing fiscal year net income by total shareholder equity.
ttm (trailing twelve months)
The return on equity (ROE) ROE is a measure of how well a company uses investments to generate earnings growth. ROE is used for comparing the performance of companies in the same industry. It indicated the management's ability to generate income from the equity available to it. ROEs of 15-20% are generally considered good. ROEs are also a factor in stock valuation, in association with other financial ratios. In general, stock prices are influenced by earnings per share (EPS), so that stock of a company with a 20% ROE will generally cost twice as much as one with a 10% ROE.
Ret. on equity of companies in the Utilities sector on HKSE compared to Power Assets
What does Power Assets do?
Power Assets Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. The company generates energy from thermal, renewable energy, and waste sources. It also distributes gas; transmits oil; holds property and deposits; and provides consulting, investing, trust administration, and management services. The company has a generation capacity of 1,004 MW renewable energy/energy from waste, 4,754 MW gas fired, and 4,216 MW coal/oil fired; and operates 114,000 km of gas/oil pipeline, as well as 400,700 km of power network serving 19,192,000 customers. The company was formerly known as Hongkong Electric Holdings Limited and changed its name to Power Assets Holdings Limited in February 2011. Power Assets Holdings Limited was founded in 1889 and is based in Central, Hong Kong.
Companies with ret. on equity similar to Power Assets
- Wagners has Ret. on equity of 6.53%
- Tenaga Nasional Bhd has Ret. on equity of 6.53%
- Treasury Wine Estates has Ret. on equity of 6.53%
- Treasury Wine Estates has Ret. on equity of 6.53%
- Elia System Operator SA/NV has Ret. on equity of 6.54%
- Iliad SA has Ret. on equity of 6.54%
- Power Assets has Ret. on equity of 6.55%
- Sinofert has Ret. on equity of 6.55%
- Quorum Information Technologies has Ret. on equity of 6.55%
- Boozt AB (publ) has Ret. on equity of 6.55%
- AGNC Investment Corp has Ret. on equity of 6.56%
- TCL Multimedia Technology has Ret. on equity of 6.56%
- Atlas has Ret. on equity of 6.56%