The historical rank and industry rank for Advanced Technology & Materials Co's Return-on-Tangible-Asset or its related term are showing as below:
SZSE:000969'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.73 Med: 1.22 Max: 2.46
Current: 2.46
During the past 13 years, Advanced Technology & Materials Co's highest Return-on-Tangible-Asset was 2.46%. The lowest was -2.73%. And the median was 1.22%.
SZSE:000969's Return-on-Tangible-Asset is ranked better than 85.72% of 2710
companies
in the Metals & Mining industry
Industry Median: -15.31
vs SZSE:000969: 2.46
Advanced Technology & Materials 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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Advanced Technology & Materials Co Return-on-Tangible-Asset Chart
Competitive Comparison of Advanced Technology & Materials Co's Return-on-Tangible-Asset
For the Other Industrial Metals & Mining subindustry, Advanced Technology & Materials 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.
Advanced Technology & Materials Co's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Advanced Technology & Materials Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Advanced Technology & Materials Co's Return-on-Tangible-Asset falls into.
Advanced Technology & Materials Co Return-on-Tangible-Asset Calculation
* 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 (Mar. 2024) net income data.
Advanced Technology & Materials Co (SZSE:000969) 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.
Advanced Technology & Materials Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Advanced Technology & Materials Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Advanced Technology & Materials Co (SZSE:000969) Business Description
Advanced Technology & Materials Co Ltd is a Chinese high-tech company that focuses on the research and development and manufacture of new metallic materials and products. Its products include amorphous and nano-crystalline materials and products; refractory materials and products; powder materials and products; magnetic materials and products; welding materials and products; filtration materials and environmental protection engineering products; and high-speed steel and diamond tools. These products are used in various fields which include aerospace, energy, transportation, consumer electronics, construction and building materials, petrochemical, saving and environmental protection industries. Geographically the activities are carried out through China.
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