What is Chinese People Holdings Co 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. Chinese People Holdings Co's annualizedNet Income for the quarter that ended in Dec. 2023 was HK$-655 Mil. Chinese People Holdings Co's average total tangible assets for the quarter that ended in Dec. 2023 was HK$3,823 Mil. Therefore, Chinese People Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -17.12%.
The historical rank and industry rank for Chinese People Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:00681'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.73 Med: 5.42 Max: 12.48
Current: -6.53
During the past 13 years, Chinese People Holdings Co's highest Return-on-Tangible-Asset was 12.48%. The lowest was -7.73%. And the median was 5.42%.
HKSE:00681's Return-on-Tangible-Asset is ranked worse than 93.51% of 524
companies
in the Utilities - Regulated industry
Industry Median: 3.175
vs HKSE:00681: -6.53
Chinese People Holdings Co 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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Chinese People Holdings Co Return-on-Tangible-Asset Chart
Competitive Comparison of Chinese People Holdings Co's Return-on-Tangible-Asset
For the Utilities - Regulated Gas subindustry, Chinese People Holdings Co'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.
Chinese People Holdings Co's Return-on-Tangible-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Chinese People Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chinese People Holdings Co's Return-on-Tangible-Asset falls into.
Chinese People Holdings Co Return-on-Tangible-Asset Calculation
Chinese People Holdings Co'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.
Chinese People Holdings Co (HKSE:00681) 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.
Chinese People Holdings Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Chinese People Holdings Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Chinese People Holdings Co (HKSE:00681) Business Description
Chinese People Holdings Co Ltd is an investment holding company. Its segments are Piped gas transmission & distribution, which is into sales of piped gas and construction of gas pipeline networks under gas connection contracts; Cylinder gas supply segment includes sales and distribution of gas using tank containers to end-user households, industrial and commercial customers; Gas distribution segment is into sales of natural gas to industrial and commercial customers; and FMCG & food ingredients supply which is into wholesales and retail of merchandise through supermarkets and convenience stores. Geographically, it derives revenue from China.
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