What is Wan Kei Group Holdings 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. Wan Kei Group Holdings's annualizedNet Income for the quarter that ended in Sep. 2023 was HK$36.8 Mil. Wan Kei Group Holdings's average total tangible assets for the quarter that ended in Sep. 2023 was HK$364.0 Mil. Therefore, Wan Kei Group Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was 10.10%.
The historical rank and industry rank for Wan Kei Group Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:01718'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.27 Med: -2.76 Max: 22.77
Current: -7.27
During the past 9 years, Wan Kei Group Holdings's highest Return-on-Tangible-Asset was 22.77%. The lowest was -12.27%. And the median was -2.76%.
HKSE:01718's Return-on-Tangible-Asset is ranked worse than 88.72% of 1666
companies
in the Construction industry
Industry Median: 2.72
vs HKSE:01718: -7.27
Wan Kei Group Holdings Return-on-Tangible-Asset Historical Data
The historical data trend for Wan Kei Group Holdings'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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Wan Kei Group Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of Wan Kei Group Holdings's Return-on-Tangible-Asset
For the Engineering & Construction subindustry, Wan Kei Group Holdings'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.
Wan Kei Group Holdings's Return-on-Tangible-Asset Distribution in the Construction Industry
For the Construction industry and Industrials sector, Wan Kei Group Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Wan Kei Group Holdings's Return-on-Tangible-Asset falls into.
Wan Kei Group Holdings Return-on-Tangible-Asset Calculation
Wan Kei Group Holdings'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.
Wan Kei Group Holdings (HKSE:01718) 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.
Wan Kei Group Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Wan Kei Group Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Wan Kei Group Holdings (HKSE:01718) Business Description
Wan Kei Group Holdings Ltd is an engineering and construction company. It is engaged in the provision of foundation works including mini piles, pipe piles, and king posts. It also offers socketed steel, driven piles, and pre-drilling works. The operating business segments are Foundation Construction, Ground Investigation Services, Trading of beauty and skin care products and Financial Services. The Foundation construction segment provides foundation construction works to customers in Hong Kong, the Ground investigation services segment provides ground investigation services to customers in Hong Kong, Financial services segment provides investment, financing, and moneylending services. The company derives revenue mainly from the Foundation construction segment.
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