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SF Holding Co (SZSE:002352) Return-on-Tangible-Asset : 3.91% (As of Mar. 2024)


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What is SF 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. SF Holding Co's annualized Net Income for the quarter that ended in Mar. 2024 was ¥7,647 Mil. SF Holding Co's average total tangible assets for the quarter that ended in Mar. 2024 was ¥195,390 Mil. Therefore, SF Holding Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 3.91%.

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

SZSE:002352' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.4   Med: 7.14   Max: 11.38
Current: 4.39

During the past 13 years, SF Holding Co's highest Return-on-Tangible-Asset was 11.38%. The lowest was 2.40%. And the median was 7.14%.

SZSE:002352's Return-on-Tangible-Asset is ranked better than
54.03% of 979 companies
in the Transportation industry
Industry Median: 3.88 vs SZSE:002352: 4.39

SF Holding Co Return-on-Tangible-Asset Historical Data

The historical data trend for SF 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.

SF Holding Co Return-on-Tangible-Asset Chart

SF 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 8.13 8.36 3.04 3.32 4.32

SF Holding Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.68 5.24 4.36 4.07 3.91

Competitive Comparison of SF Holding Co's Return-on-Tangible-Asset

For the Integrated Freight & Logistics subindustry, SF 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.


SF Holding Co's Return-on-Tangible-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SF Holding Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where SF Holding Co's Return-on-Tangible-Asset falls into.



SF Holding Co Return-on-Tangible-Asset Calculation

SF 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 )
=8234.493/( (188008.522+193643.181)/ 2 )
=8234.493/190825.8515
=4.32 %

SF Holding Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=7646.544/( (193643.181+197136.891)/ 2 )
=7646.544/195390.036
=3.91 %

* 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.


SF Holding Co  (SZSE:002352) 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.


SF Holding Co Return-on-Tangible-Asset Related Terms

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SF Holding Co (SZSE:002352) Business Description

Traded in Other Exchanges
N/A
Address
No. 303 Fuyong Avenue, Room 801, 8th Floor, Wanfu Building, Bao’an District, Guangdong Province, Shenzhen, CHN, 518103
SF Holdings was the largest logistics integrated service provider in China and Asia, and the fourth largest globally in 2022 by revenue, according to Frost & Sullivan. It is the only large integrated logistics service provider in Asia that has direct control of its operations with minimal reliance on network partners, according to SF's Hong Kong secondary listing filing. It is also independent of any e-commerce platforms. The company is equipped with full-product service capabilities in time-definite express delivery, economic express delivery, freight, cold chain and pharmaceutical, intracity on-demand delivery, international express delivery, international freight and forwarding, and supply chain.

SF Holding Co (SZSE:002352) Headlines

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