The historical rank and industry rank for China Education Group Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:00839'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.1 Med: 8.69 Max: 11.23
Current: 5.47
During the past 9 years, China Education Group Holdings's highest Return-on-Tangible-Asset was 11.23%. The lowest was 5.10%. And the median was 8.69%.
HKSE:00839's Return-on-Tangible-Asset is ranked better than 60.97% of 269
companies
in the Education industry
Industry Median: 2.89
vs HKSE:00839: 5.47
China Education Group 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 Education Group Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of China Education Group Holdings's Return-on-Tangible-Asset
For the Education & Training Services subindustry, China Education Group 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 Education Group Holdings's Return-on-Tangible-Asset Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, China Education Group Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Education Group Holdings's Return-on-Tangible-Asset falls into.
China Education Group Holdings Return-on-Tangible-Asset Calculation
China Education Group Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Aug. 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 (Aug. 2023) net income data.
China Education Group Holdings (HKSE:00839) 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 Education Group Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China Education Group Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Education Group Holdings (HKSE:00839) Business Description
China Education Group Holdings Ltd is a leading ultra-large-scale private education group in China with 30 years of experience in higher education operations. CEG's schools offer both higher vocational education and secondary vocational education. The school network spans domestic China and overseas. CEG also offers continuing education to full-time working adults. The group's total enrolled full-time students in China expanded more than 3 times over the last six years to about 248,000 as of August 2023. The rapid growth is primarily attributable to school acquisitions. CEG currently operates 14 schools, up from only 3 in 2017.
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