The historical rank and industry rank for ZhongAn Online P&C Insurance Co's Return-on-Tangible-Asset or its related term are showing as below:
ZZHGF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.31 Med: 0.53 Max: 9.03
Current: 8.81
During the past 10 years, ZhongAn Online P&C Insurance Co's highest Return-on-Tangible-Asset was 9.03%. The lowest was -7.31%. And the median was 0.53%.
ZZHGF's Return-on-Tangible-Asset is ranked better than 91.48% of 493
companies
in the Insurance industry
Industry Median: 2.15
vs ZZHGF: 8.81
ZhongAn Online P&C Insurance 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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ZhongAn Online P&C Insurance Co Return-on-Tangible-Asset Chart
Competitive Comparison of ZhongAn Online P&C Insurance Co's Return-on-Tangible-Asset
For the Insurance - Property & Casualty subindustry, ZhongAn Online P&C Insurance 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.
ZhongAn Online P&C Insurance Co's Return-on-Tangible-Asset Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, ZhongAn Online P&C Insurance Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ZhongAn Online P&C Insurance Co's Return-on-Tangible-Asset falls into.
ZhongAn Online P&C Insurance Co Return-on-Tangible-Asset Calculation
ZhongAn Online P&C Insurance Co'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.
ZhongAn Online P&C Insurance Co (OTCPK:ZZHGF) 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.
ZhongAn Online P&C Insurance Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of ZhongAn Online P&C Insurance Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
ZhongAn Online P&C Insurance Co (ZhongAn Online P&C Insurance Co) Business Description
ZhongAn was founded by Ant Financial, Tencent, Ping An Insurance, and other well-known enterprises in 2013 and is headquartered in Shanghai. The company is the first internet-based insurance company in China. It provides online underwriting and claim services through the internet without any offline branches. ZhongAn was listed in September 2017 in Hong Kong. Besides the online insurance segment, the company operates technology and banking segments. Its insurance technology segment exports digital operating system, middle platforms, and industry models to licensed financial players both domestically and overseas. Its banking segment, through Hong Kong-based virtual bank ZA Bank, offers similar services as traditional offline banks but without an offline presence.
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