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China Construction Bank (China Construction Bank) Return-on-Tangible-Asset : 0.82% (As of Dec. 2023)


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What is China Construction Bank 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. China Construction Bank's annualized Net Income for the quarter that ended in Dec. 2023 was $43,248 Mil. China Construction Bank's average total tangible assets for the quarter that ended in Dec. 2023 was $5,275,431 Mil. Therefore, China Construction Bank's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 0.82%.

The historical rank and industry rank for China Construction Bank's Return-on-Tangible-Asset or its related term are showing as below:

CICHY' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.89   Med: 1.11   Max: 1.42
Current: 0.89

During the past 13 years, China Construction Bank's highest Return-on-Tangible-Asset was 1.42%. The lowest was 0.89%. And the median was 1.11%.

CICHY's Return-on-Tangible-Asset is ranked worse than
51.26% of 1463 companies
in the Banks industry
Industry Median: 0.92 vs CICHY: 0.89

China Construction Bank Return-on-Tangible-Asset Historical Data

The historical data trend for China Construction Bank'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.

China Construction Bank Return-on-Tangible-Asset Chart

China Construction Bank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.09 1.05 1.05 0.96 0.90

China Construction Bank Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 1.00 0.82 0.92 0.82

Competitive Comparison of China Construction Bank's Return-on-Tangible-Asset

For the Banks - Diversified subindustry, China Construction Bank'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 Construction Bank's Return-on-Tangible-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, China Construction Bank's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where China Construction Bank's Return-on-Tangible-Asset falls into.



China Construction Bank Return-on-Tangible-Asset Calculation

China Construction Bank'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 )
=46588.751/( (4961768.148+5366212.431)/ 2 )
=46588.751/5163990.2895
=0.90 %

China Construction Bank'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: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=43247.528/( (5184649.419+5366212.431)/ 2 )
=43247.528/5275430.925
=0.82 %

* 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 (Dec. 2023) net income data.


China Construction Bank  (OTCPK:CICHY) 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.


China Construction Bank Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of China Construction Bank's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


China Construction Bank (China Construction Bank) Business Description

Address
No. 25, Finance Street, Xicheng District, Beijing, CHN, 100033
As one of the big four banks, China Construction Bank is headquartered in Beijing. The bank went public on the Hong Kong Stock Exchange in 2005 and listed shares in mainland China in 2007. Central Huijin Investment, China's sovereign wealth fund manager is the largest shareholder with a 57% share. Fullerton Financial Holdings (a subsidiary of Temasek) is the company's second-largest shareholder with a 4.99% stake. CCB strives to provide customers with comprehensive financial services. Corporate banking, retail banking, and wholesale banking business segments accounted for 36%, 57%, and 7% of profit before tax, respectively, in 2022.