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. Wuxi AppTec Co's annualizedNet Income for the quarter that ended in Mar. 2024 was ¥7,769 Mil. Wuxi AppTec Co's average total tangible assets for the quarter that ended in Mar. 2024 was ¥70,622 Mil. Therefore, Wuxi AppTec Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 11.00%.
The historical rank and industry rank for Wuxi AppTec Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603259'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.27 Med: 10.45 Max: 15.64
Current: 13.83
During the past 10 years, Wuxi AppTec Co's highest Return-on-Tangible-Asset was 15.64%. The lowest was 4.27%. And the median was 10.45%.
SHSE:603259's Return-on-Tangible-Asset is ranked better than 89.32% of 234
companies
in the Medical Diagnostics & Research industry
Industry Median: -9.18
vs SHSE:603259: 13.83
Wuxi AppTec Co Return-on-Tangible-Asset Historical Data
The historical data trend for Wuxi AppTec 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.
Competitive Comparison of Wuxi AppTec Co's Return-on-Tangible-Asset
For the Diagnostics & Research subindustry, Wuxi AppTec 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.
Wuxi AppTec Co's Return-on-Tangible-Asset Distribution in the Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Wuxi AppTec Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Wuxi AppTec Co's Return-on-Tangible-Asset falls into.
Wuxi AppTec Co Return-on-Tangible-Asset Calculation
Wuxi AppTec Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 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 four times the quarterly (Mar. 2024) net income data.
Wuxi AppTec Co (SHSE:603259) 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.
Wuxi AppTec Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Wuxi AppTec Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Wuxi AppTec Co Ltd provides a portfolio of research and manufacturing services through the discovery, development, and manufacturing spectrum for small-molecule drugs, cell therapies, and gene therapies as well as providing testing services for medical devices. Its segments comprise China-based laboratory services; U.S.-based laboratory services; Clinical research and other CRO services; CDMO services; and Others. The majority of revenue gets derived from China-based laboratory services that include small molecules discovery, such as synthetic chemistry, medicinal chemistry, analytical chemistry, biology, drug metabolism and pharmacokinetics (DMPK)/absorption, distribution, metabolism, and excretion (ADME), toxicology and bioanalytical services.
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