The historical rank and industry rank for China Boqi Environmental (Holding) Co's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:02377'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.72 Med: 6.26 Max: 14.31
Current: 5.59
During the past 10 years, China Boqi Environmental (Holding) Co's highest Return-on-Tangible-Asset was 14.31%. The lowest was -1.72%. And the median was 6.26%.
HKSE:02377's Return-on-Tangible-Asset is ranked better than 64.03% of 3022
companies
in the Industrial Products industry
Industry Median: 3.77
vs HKSE:02377: 5.59
China Boqi Environmental (Holding) 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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China Boqi Environmental (Holding) Co Return-on-Tangible-Asset Chart
Competitive Comparison of China Boqi Environmental (Holding) Co's Return-on-Tangible-Asset
For the Pollution & Treatment Controls subindustry, China Boqi Environmental (Holding) 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.
China Boqi Environmental (Holding) Co's Return-on-Tangible-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, China Boqi Environmental (Holding) Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Boqi Environmental (Holding) Co's Return-on-Tangible-Asset falls into.
China Boqi Environmental (Holding) Co Return-on-Tangible-Asset Calculation
* 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 Boqi Environmental (Holding) Co (HKSE:02377) 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 Boqi Environmental (Holding) Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China Boqi Environmental (Holding) Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Boqi Environmental (Holding) Co (HKSE:02377) Business Description
China Boqi Environmental (Holding) Co Ltd is an investment holding company. It operates in four segments: Environmental protection facilities, mainly including EPC, which consists of project design, procurement of equipment and materials, project construction and equipment installment, and testing services; Operation & maintenance segment comprises of operation service and regular maintenance service for desulfurization and denitrification facilities and dust removal facilities; Concession operations segment includes the construction of infrastructure or acquisition of existing infrastructure from the grantor and operation and maintenance of flue gas treatment project; and Others segment consists of the sale of by-products and others. The group primarily operates in the PRC.
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