Hitek Global Inc.

Hitek Global Inc.verified

HKIT

Price:

$1.46

Market Cap:

$21.01M

Hitek Global Inc. provides information technology (IT) consulting and solutions to business in various industry sectors in China. It offers services to small and medium businesses, which consist of anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells hardware to large businesses, such as laptops, printers, desktop computers and related accessories, as well as Internet servers, cameras, and monitors. Hitek Global Inc. was founded in 1996 and is headquartered in Xiamen, China.[Read more]

Industry

Software - Application

IPO Date

2023-03-31

Stock Exchange

NASDAQ

Ticker

HKIT

The ROE as of September 2024 (TTM) for Hitek Global Inc. (HKIT) is 5.79%

According to Hitek Global Inc.’s latest financial reports and current stock price. The company's current ROE is 5.79%. This represents a change of 295.98% compared to the average of 1.46% of the last 4 quarters.

Hitek Global Inc. (HKIT) Historical ROE (quarterly & annually)

How has HKIT ROE performed in the past?

The mean historical ROE of Hitek Global Inc. over the last ten years is 19.19%. The current 5.79% ROE has changed -69.83% with respect to the historical average. Over the past ten years (40 quarters), HKIT's ROE was at its highest in in the March 2017 quarter at 20.51%. The ROE was at its lowest in in the January 2017 quarter at 0%.

Quarterly (TTM)
Annual

Average

19.19%

Median

15.65%

Minimum

3.70%

Maximum

41.22%

Hitek Global Inc. (HKIT) ROE by Quarter and Year

Discovering the peaks and valleys of Hitek Global Inc. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 154.71%

Maximum Annual ROE = 41.22%

Minimum Annual Increase = -64.68%

Minimum Annual ROE = 3.70%

Quarterly (TTM)
Annual
YearROEChange
20233.70%-64.68%
202210.47%-17.70%
202112.72%-15.91%
202015.12%-32.91%
201922.54%-28.53%
201831.54%-23.47%
201741.22%154.71%

Hitek Global Inc. (HKIT) Average ROE

How has HKIT ROE performed in the past?

The current ROE of Hitek Global Inc. (HKIT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

8.96%

5-year avg

12.91%

10-year avg

19.19%

Hitek Global Inc. (HKIT) ROE vs. Peers

How is HKIT’s ROE compared to its peers?

Hitek Global Inc.’s ROE is less than Enfusion, Inc. (6.59%), greater than E2open Parent Holdings, Inc. (-47.25%), greater than Envestnet, Inc. (-41.97%), greater than Momentive Global Inc. (-17.23%), greater than Clearwater Analytics Holdings, Inc. (-1.29%), greater than Expensify, Inc. (-29.82%), less than Model N, Inc. (0.22%), greater than IDEX Biometrics ASA (-193.03%), greater than Issuer Direct Corporation (-1.65%), less than eGain Corporation (12.28%), less than MiX Telematics Limited (5.21%), greater than Research Solutions, Inc. (-5.57%), greater than IDEX Biometrics ASA (-163.55%),

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