Tencent Ret. on equity
What is the Ret. on equity of Tencent?
The Ret. on equity of Tencent Holdings Limited is 23.60%
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 Technology sector on HKSE compared to Tencent
What does Tencent do?
Tencent Holdings Limited, an investment holding company, provides value-added services (VAS) and Online advertising services in Mainland China and internationally. The company operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. It offers online games and social network services; FinTech and cloud services, and online advertising services. The company is also involved in the production, investment, and distribution of films and television programs for third parties, as well as copyrights licensing, merchandise sales, and other activities. n addition, it develops software; develops and operates online games; and provides information technology, information system integration, asset management, online literature, and online music entertainment services. Tencent Holdings Limited company was founded in 1998 and is headquartered in Shenzhen, the People's Republic of China.
Companies with ret. on equity similar to Tencent
- iShares Trust - iShares Expanded Tech-Software Sector ETF has Ret. on equity of 23.58%
- Genmab A/S has Ret. on equity of 23.59%
- Zen Technologies has Ret. on equity of 23.59%
- Dixon Technologies (India) has Ret. on equity of 23.59%
- Neo Lithium has Ret. on equity of 23.60%
- Mahanagar Gas has Ret. on equity of 23.60%
- Tencent has Ret. on equity of 23.60%
- Corporacion America Airports S.A has Ret. on equity of 23.62%
- Bharti Infratel has Ret. on equity of 23.64%
- Pinnacle Investment Management has Ret. on equity of 23.64%
- Pathward Inc has Ret. on equity of 23.65%
- Granules India has Ret. on equity of 23.65%
- Corcept Therapeutics Inc has Ret. on equity of 23.66%