What is China Best Group Holding 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 Best Group Holding's annualizedNet Income for the quarter that ended in Sep. 2023 was HK$-81.7 Mil. China Best Group Holding's average total tangible assets for the quarter that ended in Sep. 2023 was HK$1,621.0 Mil. Therefore, China Best Group Holding's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was -5.04%.
The historical rank and industry rank for China Best Group Holding's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:00370'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.44 Med: -5.66 Max: 2.25
Current: -19.72
During the past 13 years, China Best Group Holding's highest Return-on-Tangible-Asset was 2.25%. The lowest was -20.44%. And the median was -5.66%.
HKSE:00370's Return-on-Tangible-Asset is ranked worse than 90.45% of 1120
companies
in the Retail - Cyclical industry
Industry Median: 2.305
vs HKSE:00370: -19.72
China Best Group Holding Return-on-Tangible-Asset Historical Data
The historical data trend for China Best Group Holding'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.
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China Best Group Holding Return-on-Tangible-Asset Chart
Competitive Comparison of China Best Group Holding's Return-on-Tangible-Asset
For the Specialty Retail subindustry, China Best Group Holding'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 Best Group Holding's Return-on-Tangible-Asset Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, China Best Group Holding's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Best Group Holding's Return-on-Tangible-Asset falls into.
China Best Group Holding Return-on-Tangible-Asset Calculation
China Best Group Holding's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 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 two times the semi-annual (Sep. 2023) net income data.
China Best Group Holding (HKSE:00370) 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 Best Group Holding Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China Best Group Holding's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Best Group Holding (HKSE:00370) Business Description
China Best Group Holding Ltd is a China-based company having various business segments. Trading of goods including radio systems and electronic appliances which is the key revenue driver; Finance leasing of plant and machinery; Money lending; Securities and futures brokerage segment engages in securities and futures dealing services in Hong Kong; International air and sea freight forwarding and logistic services to customers in Singapore and the USA; Securities trading of equity securities and dividend income from held for trading investments; Property investment for rental income and capital appreciation in PRC; Building architecture and interior design services; Property brokerage and agency service,Geothermal energy, Customised technical support segment and Centralised heating segment.
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