The historical rank and industry rank for China Energy Development Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:00228'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -123.89 Med: -2.05 Max: 7.91
Current: 5.17
During the past 13 years, China Energy Development Holdings's highest Return-on-Tangible-Asset was 7.91%. The lowest was -123.89%. And the median was -2.05%.
HKSE:00228's Return-on-Tangible-Asset is ranked better than 64.15% of 1085
companies
in the Oil & Gas industry
Industry Median: 2.6
vs HKSE:00228: 5.17
China Energy Development Holdings Return-on-Tangible-Asset Historical Data
* 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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China Energy Development Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of China Energy Development Holdings's Return-on-Tangible-Asset
For the Oil & Gas Integrated subindustry, China Energy Development Holdings'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.
China Energy Development Holdings's Return-on-Tangible-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, China Energy Development Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Energy Development Holdings's Return-on-Tangible-Asset falls into.
China Energy Development Holdings Return-on-Tangible-Asset Calculation
China Energy Development Holdings'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 two times the semi-annual (Dec. 2023) net income data.
China Energy Development Holdings (HKSE:00228) 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.
China Energy Development Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China Energy Development Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Energy Development Holdings (HKSE:00228) Business Description
China Energy Development Holdings Ltd is engaged in oil and gas exploration; distribution of natural gas; sales of food and beverages and money lending business in Hong Kong. Its segments include revenue-generating segments: The Exploration, Production, and Distribution of Natural Gas segment engaged in the exploration, development, production, and sales of natural gas and the usage of pipelines for the distribution of natural gas; The Sales of Food and Beverages Business segment is engaged in the sales of food and beverages; and The Money Lending Business segment is engaged in the provision of loans to third parties.
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