The historical rank and industry rank for Anhui Genuine New Materials Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603429'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.37 Med: 15.16 Max: 19.16
Current: 4.37
During the past 11 years, Anhui Genuine New Materials Co's highest Return-on-Tangible-Asset was 19.16%. The lowest was 4.37%. And the median was 15.16%.
SHSE:603429's Return-on-Tangible-Asset is ranked better than 55.3% of 387
companies
in the Packaging & Containers industry
Industry Median: 3.43
vs SHSE:603429: 4.37
Anhui Genuine New Materials 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.
* Premium members only.
Anhui Genuine New Materials Co Return-on-Tangible-Asset Chart
Competitive Comparison of Anhui Genuine New Materials Co's Return-on-Tangible-Asset
For the Packaging & Containers subindustry, Anhui Genuine New Materials 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.
Anhui Genuine New Materials Co's Return-on-Tangible-Asset Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Anhui Genuine New Materials Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Anhui Genuine New Materials Co's Return-on-Tangible-Asset falls into.
Anhui Genuine New Materials Co Return-on-Tangible-Asset Calculation
Anhui Genuine New Materials 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.
Anhui Genuine New Materials Co (SHSE:603429) 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.
Anhui Genuine New Materials Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Anhui Genuine New Materials Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Anhui Genuine New Materials Co (SHSE:603429) Business Description
Anhui Genuine New Materials Co Ltd is a China-based manufacturer engaged in printing and packaging materials. The products offered by the company are used for cigarette packaging, cosmetics, household appliances, electronic devices, textiles, automotive parts, greeting cards, furniture and other items. Its products include cigarette tipping paper, cigarette sealing paper, and thermal transfer foil. The cigarette tipping paper covers ordinary cigarette tipping paper series, middle-grade cigarette tipping paper series, and top-grade cigarette tipping paper series products. The Cigarette sealing paper product category and Thermal transfer foil product category includes common series and superior series products. The entity has a business presence in China and other countries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SHSE:603429 has been successfully added to your 