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CSSC (Hong Kong) Shipping Co (HKSE:03877) Return-on-Tangible-Asset : 3.78% (As of Dec. 2023)


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What is CSSC (Hong Kong) Shipping 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. CSSC (Hong Kong) Shipping Co's annualized Net Income for the quarter that ended in Dec. 2023 was HK$1,632 Mil. CSSC (Hong Kong) Shipping Co's average total tangible assets for the quarter that ended in Dec. 2023 was HK$43,116 Mil. Therefore, CSSC (Hong Kong) Shipping Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 3.78%.

The historical rank and industry rank for CSSC (Hong Kong) Shipping Co's Return-on-Tangible-Asset or its related term are showing as below:

HKSE:03877' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.38   Med: 3.45   Max: 4.5
Current: 4.5

During the past 8 years, CSSC (Hong Kong) Shipping Co's highest Return-on-Tangible-Asset was 4.50%. The lowest was 1.38%. And the median was 3.45%.

HKSE:03877's Return-on-Tangible-Asset is ranked better than
52.32% of 1078 companies
in the Business Services industry
Industry Median: 3.99 vs HKSE:03877: 4.50

CSSC (Hong Kong) Shipping Co Return-on-Tangible-Asset Historical Data

The historical data trend for CSSC (Hong Kong) Shipping Co'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.

* Premium members only.

CSSC (Hong Kong) Shipping Co Return-on-Tangible-Asset Chart

CSSC (Hong Kong) Shipping Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial 3.10 3.81 3.79 4.14 4.44

CSSC (Hong Kong) Shipping Co Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.79 4.23 3.95 5.32 3.78

Competitive Comparison of CSSC (Hong Kong) Shipping Co's Return-on-Tangible-Asset

For the Rental & Leasing Services subindustry, CSSC (Hong Kong) Shipping 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.


CSSC (Hong Kong) Shipping Co's Return-on-Tangible-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CSSC (Hong Kong) Shipping Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where CSSC (Hong Kong) Shipping Co's Return-on-Tangible-Asset falls into.



CSSC (Hong Kong) Shipping Co Return-on-Tangible-Asset Calculation

CSSC (Hong Kong) Shipping Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=1901.606/( (40520.89+45143.559)/ 2 )
=1901.606/42832.2245
=4.44 %

CSSC (Hong Kong) Shipping Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=1631.732/( (41088.42+45143.559)/ 2 )
=1631.732/43115.9895
=3.78 %

* 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.


CSSC (Hong Kong) Shipping Co  (HKSE:03877) 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 company’s 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 company’s 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.


CSSC (Hong Kong) Shipping Co Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of CSSC (Hong Kong) Shipping Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


CSSC (Hong Kong) Shipping Co (HKSE:03877) Business Description

Traded in Other Exchanges
Address
19 Des Voeux Road Central, Room 1801, 18th Floor, World-wide House, Hong Kong, HKG
CSSC (Hong Kong) Shipping Co Ltd is a shipyard-affiliated leasing company in Greater China. As a player in the ship leasing industry, it offers customized ship leasing solutions that suit customers' different needs. The core business of the group is the provision of leasing services, which include finance leases and operating leases. It operates through the below segments: Leasing services, Shipbroking services, and Loan borrowings. The Leasing services segment that derives the majority of revenue provides Leasing services.
Executives
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
China Re Asset Management (hong Kong) Company Limited 2102 Investment manager
Zhong Guo Zai Bao Xian Ji Tuan Gu Fen You Xian Gong Si 2101 Beneficial owner
Cssc International Holding Company Limited 2101 Beneficial owner
State-owned Assets Supervision And Administration Commission 2201 Interest of corporation controlled by you
Zhong Guo Chuan Bo Gong Ye Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you

CSSC (Hong Kong) Shipping Co (HKSE:03877) Headlines

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