What is Grace Life tech 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. Grace Life tech Holdings's annualizedNet Income for the quarter that ended in Dec. 2023 was HK$-454.6 Mil. Grace Life tech Holdings's average total tangible assets for the quarter that ended in Dec. 2023 was HK$844.1 Mil. Therefore, Grace Life tech Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -53.86%.
The historical rank and industry rank for Grace Life tech Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:02112'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -37.9 Med: -5.71 Max: 2.23
Current: -34.63
During the past 12 years, Grace Life tech Holdings's highest Return-on-Tangible-Asset was 2.23%. The lowest was -37.90%. And the median was -5.71%.
HKSE:02112's Return-on-Tangible-Asset is ranked worse than 98.4% of 624
companies
in the Steel industry
Industry Median: 2.97
vs HKSE:02112: -34.63
Grace Life tech Holdings Return-on-Tangible-Asset Historical Data
The historical data trend for Grace Life tech 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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Grace Life tech Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of Grace Life tech Holdings's Return-on-Tangible-Asset
For the Steel subindustry, Grace Life tech 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.
Grace Life tech Holdings's Return-on-Tangible-Asset Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Grace Life tech Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Grace Life tech Holdings's Return-on-Tangible-Asset falls into.
Grace Life tech Holdings Return-on-Tangible-Asset Calculation
Grace Life tech Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 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 (Dec. 2023) net income data.
Grace Life tech Holdings (HKSE:02112) 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.
Grace Life tech Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Grace Life tech Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Grace Life tech Holdings (HKSE:02112) Business Description
Grace Life tech Holdings Ltd is engaged in iron ore exploration, mining, crushing, and beneficiation as well as the sale of iron ore products in the form of iron ore concentrates and iron ore fines. The company's segments are the Iron ore mining and processing operation segment, Commercial trade segment, Financing operation segment, Health product trade segment, and other segments. The majority of the company's revenue is derived from the Health product trade segment which includes the trading of health products. Geographically it derives revenue from Hong Kong.
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