The Hong Kong and China Gas Ret. on equity
What is the Ret. on equity of The Hong Kong and China Gas?
The Ret. on equity of The Hong Kong and China Gas Company Limited is 7.54%
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 The Hong Kong and China Gas
What does The Hong Kong and China Gas do?
The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas in Hong Kong and Mainland China. It is involved in the provision of liquefied natural gas, methanol, and coal and other chemicals; conversion and utilization of biomass; agricultural waste; and operation of natural gas refilling stations, piped city-gas projects, upstream and midstream developments, photovoltaic projects, water and wastewater treatment projects, energy exploration and utilization ventures, and aviation fuel facilities. The company supplies town gas to approximately 1.9 million customers. It also provides network connectivity, and data center and cloud computing services; and engages in the software development, solution implementation, and systems integration activities. In addition, the company offers consultancy and engineering contractor services, including utilities installation, infrastructure construction, and civil and building services engineering for public and private projects; and designs and manufactures gas meters and metering systems. Further, it is involved in water supply, and domestic sewage and industrial wastewater treatment serving 2.4 million customers. Additionally, the company manufactures polyethylene piping and fittings; and engages in the customers center, café, restaurant, retail sale, laundry, automatic meter reading system development, laboratory testing, payment gateway and related, project management, landfill gas project, financing, logistics, oil, research and development, property development, and securities investment activities. The Hong Kong and China Gas Company Limited was founded in 1862 and is headquartered in North Point, Hong Kong.
Companies with ret. on equity similar to The Hong Kong and China Gas
- RMG Acquisition has Ret. on equity of 7.52%
- Xylem Dl ,01 has Ret. on equity of 7.52%
- Longhui International has Ret. on equity of 7.53%
- Chindata Ltd has Ret. on equity of 7.53%
- Xylem Inc has Ret. on equity of 7.53%
- Duxton Water has Ret. on equity of 7.54%
- The Hong Kong and China Gas has Ret. on equity of 7.54%
- Echelon has Ret. on equity of 7.54%
- A. K. Capital Services has Ret. on equity of 7.54%
- HarbourVest Global Private Equity has Ret. on equity of 7.54%
- Deson Construction International has Ret. on equity of 7.55%
- BlackRock MuniYield New Jersey Fund Inc has Ret. on equity of 7.55%
- Mahindra Logistics has Ret. on equity of 7.55%