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China Electronics Optics Valley Union Holding Co (HKSE:00798) Return-on-Tangible-Asset : 0.15% (As of Jun. 2024)


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What is China Electronics Optics Valley Union Holding 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. China Electronics Optics Valley Union Holding Co's annualized Net Income for the quarter that ended in Jun. 2024 was HK$38 Mil. China Electronics Optics Valley Union Holding Co's average total tangible assets for the quarter that ended in Jun. 2024 was HK$26,128 Mil. Therefore, China Electronics Optics Valley Union Holding Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 0.15%.

The historical rank and industry rank for China Electronics Optics Valley Union Holding Co's Return-on-Tangible-Asset or its related term are showing as below:

HKSE:00798' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.87   Med: 3.56   Max: 5.76
Current: 1.87

During the past 11 years, China Electronics Optics Valley Union Holding Co's highest Return-on-Tangible-Asset was 5.76%. The lowest was 1.87%. And the median was 3.56%.

HKSE:00798's Return-on-Tangible-Asset is ranked better than
57.47% of 1827 companies
in the Real Estate industry
Industry Median: 1.12 vs HKSE:00798: 1.87

China Electronics Optics Valley Union Holding Co Return-on-Tangible-Asset Historical Data

The historical data trend for China Electronics Optics Valley Union Holding 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.

China Electronics Optics Valley Union Holding Co Return-on-Tangible-Asset Chart

China Electronics Optics Valley Union Holding Co 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 3.44 2.59 3.20 2.35 2.19

China Electronics Optics Valley Union Holding Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 1.07 3.63 0.71 3.65 0.15

Competitive Comparison of China Electronics Optics Valley Union Holding Co's Return-on-Tangible-Asset

For the Real Estate Services subindustry, China Electronics Optics Valley Union Holding 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.


China Electronics Optics Valley Union Holding Co's Return-on-Tangible-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Electronics Optics Valley Union Holding Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where China Electronics Optics Valley Union Holding Co's Return-on-Tangible-Asset falls into.



China Electronics Optics Valley Union Holding Co Return-on-Tangible-Asset Calculation

China Electronics Optics Valley Union Holding 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 )
=554.229/( (24931.534+25612.527)/ 2 )
=554.229/25272.0305
=2.19 %

China Electronics Optics Valley Union Holding Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=37.924/( (25612.527+26643.92)/ 2 )
=37.924/26128.2235
=0.15 %

* 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 (Jun. 2024) net income data.


China Electronics Optics Valley Union Holding Co  (HKSE:00798) 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 Electronics Optics Valley Union Holding Co Return-on-Tangible-Asset Related Terms

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China Electronics Optics Valley Union Holding Co Business Description

Traded in Other Exchanges
N/A
Address
16 Ye Zhi Hu West Road, Building No. 1, Higher Level, Creative Capital, Hongshan District, Hubei, Wuhan, CHN
China Electronics Optics Valley Union Holding Co Ltd is an investment holding company engaged in the development of properties. The segments are Industrial Park development services; industrial investment, and industrial park operation services including design and construction services, property management services, leasing services, energy services, digital park (apartment) services, incubator and office sharing services, industrial park financial services as well as group catering and hotel services; and industrial investment this segment represents industrial-related industry investment businesses in various theme parks. The group's operations are located in Mainland China.
Executives
Huang Liping 2201 Interest of corporation controlled by you
Aaa Finance And Investment Holdings Limited 2101 Beneficial owner
China Electronics Corporation Limited 2201 Interest of corporation controlled by you
Hubei Science & Technology Investment Group (hong Kong) Company Limited 2101 Beneficial owner
Hubei Science & Technology Investment Group Co., Ltd. 2201 Interest of corporation controlled by you

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