What is Hong Kong ChaoShang Group 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. Hong Kong ChaoShang Group's annualizedNet Income for the quarter that ended in Sep. 2023 was HK$8.8 Mil. Hong Kong ChaoShang Group's average total tangible assets for the quarter that ended in Sep. 2023 was HK$886.9 Mil. Therefore, Hong Kong ChaoShang Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was 0.99%.
The historical rank and industry rank for Hong Kong ChaoShang Group's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:02322'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.48 Med: -2.46 Max: 2.86
Current: -2.42
During the past 13 years, Hong Kong ChaoShang Group's highest Return-on-Tangible-Asset was 2.86%. The lowest was -4.48%. And the median was -2.46%.
HKSE:02322's Return-on-Tangible-Asset is ranked worse than 81.46% of 534
companies
in the Conglomerates industry
Industry Median: 2.43
vs HKSE:02322: -2.42
Hong Kong ChaoShang Group Return-on-Tangible-Asset Historical Data
The historical data trend for Hong Kong ChaoShang Group'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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Hong Kong ChaoShang Group Return-on-Tangible-Asset Chart
Competitive Comparison of Hong Kong ChaoShang Group's Return-on-Tangible-Asset
For the Conglomerates subindustry, Hong Kong ChaoShang Group'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.
Hong Kong ChaoShang Group's Return-on-Tangible-Asset Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Hong Kong ChaoShang Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hong Kong ChaoShang Group's Return-on-Tangible-Asset falls into.
Hong Kong ChaoShang Group Return-on-Tangible-Asset Calculation
Hong Kong ChaoShang Group'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.
Hong Kong ChaoShang Group (HKSE:02322) 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.
Hong Kong ChaoShang Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Hong Kong ChaoShang Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Hong Kong ChaoShang Group (HKSE:02322) Business Description
Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Moneylending, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing and asset management services in Hong Kong.
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