The historical rank and industry rank for Aeon Credit Service (Asia) Co's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:00900'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.2 Med: 5.83 Max: 7.07
Current: 5.58
During the past 13 years, Aeon Credit Service (Asia) Co's highest Return-on-Tangible-Asset was 7.07%. The lowest was 4.20%. And the median was 5.83%.
HKSE:00900's Return-on-Tangible-Asset is ranked better than 81.23% of 538
companies
in the Credit Services industry
Industry Median: 1.88
vs HKSE:00900: 5.58
Aeon Credit Service (Asia) 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.
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Aeon Credit Service (Asia) Co Return-on-Tangible-Asset Chart
Competitive Comparison of Aeon Credit Service (Asia) Co's Return-on-Tangible-Asset
For the Credit Services subindustry, Aeon Credit Service (Asia) 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.
Aeon Credit Service (Asia) Co's Return-on-Tangible-Asset Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Aeon Credit Service (Asia) Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Aeon Credit Service (Asia) Co's Return-on-Tangible-Asset falls into.
Aeon Credit Service (Asia) Co Return-on-Tangible-Asset Calculation
Aeon Credit Service (Asia) Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Feb. 2024 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 (Feb. 2024) net income data.
Aeon Credit Service (Asia) Co (HKSE:00900) 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.
Aeon Credit Service (Asia) Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Aeon Credit Service (Asia) Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Aeon Credit Service (Asia) Co (HKSE:00900) Business Description
Aeon Credit Service (Asia) Co Ltd is engaged in the consumer finance business. Its activities include the issuance of credit cards and the provision of personal loan financing, insurance agency and brokerage business and microfinance business. The group's business comprises three operating segments, namely Credit card, Personal loans, and Insurance. It derives key revenue from the Credit card operation which involves the provision of credit card services to individuals and acquiring services for member-stores. Personal loans segment provides personal loan financing to individuals and the Insurance segment offers insurance agency and brokerage services. Geographically, the group has a business presence in Hong Kong and the PRC, of which a majority of the revenue is derived from Hong Kong.
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