What is CBAK Energy Technology Return-on-Tangible-Asset?
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. CBAK Energy Technology's annualizedNet Income for the quarter that ended in Mar. 2024 was $39.3 Mil. CBAK Energy Technology's average total tangible assets for the quarter that ended in Mar. 2024 was $271.5 Mil. Therefore, CBAK Energy Technology's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 14.49%.
The historical rank and industry rank for CBAK Energy Technology's Return-on-Tangible-Asset or its related term are showing as below:
CBAT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -18.62 Med: -2.72 Max: 35.32
Current: 3.38
During the past 13 years, CBAK Energy Technology's highest Return-on-Tangible-Asset was 35.32%. The lowest was -18.62%. And the median was -2.72%.
CBAT's Return-on-Tangible-Asset is ranked worse than 52.94% of 3011
companies
in the Industrial Products industry
Industry Median: 3.75
vs CBAT: 3.38
CBAK Energy Technology Return-on-Tangible-Asset Historical Data
The historical data trend for CBAK Energy Technology's Return-on-Tangible-Asset 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.
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CBAK Energy Technology Return-on-Tangible-Asset Chart
Competitive Comparison of CBAK Energy Technology's Return-on-Tangible-Asset
For the Electrical Equipment & Parts subindustry, CBAK Energy Technology's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
CBAK Energy Technology's Return-on-Tangible-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, CBAK Energy Technology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CBAK Energy Technology's Return-on-Tangible-Asset falls into.
CBAK Energy Technology Return-on-Tangible-Asset Calculation
CBAK Energy Technology's annualized Return-on-Tangible-Asset 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2024) net income data.
CBAK Energy Technology (NAS:CBAT) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
CBAK Energy Technology Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of CBAK Energy Technology's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
CBAK Energy Technology (CBAK Energy Technology) Business Description
CBAK Energy Technology Inc is engaged in the manufacture, commercialization, and distribution of a variety of standard and customized lithium-ion high-power rechargeable batteries which are mainly used in electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply, and other high power applications. The company manufactures five types of Li-ion rechargeable batteries namely aluminum-case cells, battery packs, cylindrical cells, lithium polymer cells, and high-power lithium battery cells. Geographically, it generates a majority of its revenue from Mainland China and also has an operation in Europe, the United States, Korea, and Other Countries.
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