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. Yidu Tech's annualizedNet Income for the quarter that ended in Sep. 2023 was HK$-162.6 Mil. Yidu Tech's average total tangible assets for the quarter that ended in Sep. 2023 was HK$5,359.1 Mil. Therefore, Yidu Tech's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was -3.03%.
The historical rank and industry rank for Yidu Tech's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:02158'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -149.9 Med: -123.39 Max: -7.44
Current: -7.44
During the past 6 years, Yidu Tech's highest Return-on-Tangible-Asset was -7.44%. The lowest was -149.90%. And the median was -123.39%.
HKSE:02158's Return-on-Tangible-Asset is ranked worse than 66.42% of 673
companies
in the Healthcare Providers & Services industry
Industry Median: 1.6
vs HKSE:02158: -7.44
Yidu Tech Return-on-Tangible-Asset Historical Data
The historical data trend for Yidu Tech'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.
Competitive Comparison of Yidu Tech's Return-on-Tangible-Asset
For the Health Information Services subindustry, Yidu Tech'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.
Yidu Tech's Return-on-Tangible-Asset Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Yidu Tech's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Yidu Tech's Return-on-Tangible-Asset falls into.
Yidu Tech Return-on-Tangible-Asset Calculation
Yidu Tech's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 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 (Sep. 2023) net income data.
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.
Yidu Tech Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Yidu Tech's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Yidu Tech offers healthcare Big Data. It is an AI cloud-based firm providing solutions and tools to aid in more informed decisions to drive better efficiency in clients' strategies. Its clients are hospitals, pharmaceutical, biotech and medical device firms, research institutions, insurance companies, patients, and regulators. It three business segments are: Big Data platform and solutions, which partners with hospitals and policymakers to drive better efficiency; life sciences solutions, which enables better probability of clinical trial success with less drug development time and cost; and health management solutions, which helps with patient management. The Big Data platform accounted for 33% of revenue, life science solutions 30%, and health management solutions 27%, in fiscal 2022.
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