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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. China XD Plastics Co's annualized Net Income for the quarter that ended in Dec. 2020 was $-600 Mil. China XD Plastics Co's average total tangible assets for the quarter that ended in Dec. 2020 was $2,968 Mil. Therefore, China XD Plastics Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2020 was -20.23%.
The historical rank and industry rank for China XD Plastics Co's Return-on-Tangible-Asset or its related term are showing as below:
The historical data trend for China XD Plastics 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.
China XD Plastics Co Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 5.30 | 1.37 | 2.61 | 0.11 | -6.54 |
China XD Plastics Co Quarterly Data | ||||||||||||||||||||
Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -9.66 | -1.66 | 2.52 | -5.16 | -20.23 |
For the Specialty Chemicals subindustry, China XD Plastics 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.
For the Chemicals industry and Basic Materials sector, China XD Plastics Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China XD Plastics Co's Return-on-Tangible-Asset falls into.
China XD Plastics Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2020 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2020 ) | (A: Dec. 2019 ) | (A: Dec. 2020 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2020 ) | (A: Dec. 2019 ) | (A: Dec. 2020 ) | |||||
= | -181.802 | / | ( (2635.882 | + | 2923.926) | / 2 ) | |
= | -181.802 | / | 2779.904 | ||||
= | -6.54 % |
China XD Plastics Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2020 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2020 ) | (Q: Sep. 2020 ) | (Q: Dec. 2020 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2020 ) | (Q: Sep. 2020 ) | (Q: Dec. 2020 ) | |||||
= | -600.428 | / | ( (3012.883 | + | 2923.926) | / 2 ) | |
= | -600.428 | / | 2968.4045 | ||||
= | -20.23 % |
* 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 (Dec. 2020) net income data.
China XD Plastics Co (OTCPK:CXDC) 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.
Thank you for viewing the detailed overview of China XD Plastics Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Dahe Zhang | director, officer: Chief Financial Officer | 500 5TH AVENUE, SUITE 4120, NEW YORK NY 10110 |
Jie Han | director, 10 percent owner, officer: Chief Executive Officer | NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078 |
Qingwei Ma | officer: Chief Operating Officer | NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078 |
Faith Dawn Ltd | 10 percent owner | NO. 9 DALIAN NORTH ROAD HAPING ROAD CENTRALIZED INDUSTRIAL PARK HEILONGJIANG PROVINCE F4 00000 |
Faith Abundant Ltd | 10 percent owner | NO. 9 DALIAN NORTH ROAD HAPING ROAD CENTRALIZED INDUSTRIAL PARK HEILONGJIANG PROVINCE F4 00000 |
Guanbao Huang | director | NO. 9 DALIAN N RD, HAPING RD CEN IND PK HARBIN DEVELOPMENT ZONE HEILONGJIANG PROVINCE F4 150060 |
Huiyi Chen | director | NO. 9 DALIAN N RD, HAPING RD CEN IND PK HARBIN DEVELOPMENT ZONE HEILONGJIANG PROVINCE F4 150060 |
Junjie Ma | officer: Chief Technology Officer | NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078 |
North Haven Private Equity Asia Iii, L.p. | 10 percent owner, other: See Explanation of Responses | 1585 BROADWAY NEW YORK NY 10036 |
North Haven Private Equity Asia Employee Investors Iii, L.p. | 10 percent owner, other: See Explanation of Responses | 1585 BROADWAY NEW YORK NY 10036 |
Ms Holdings Inc | 10 percent owner, other: See Explanation of Responses | 1585 BROADWAY NEW YORK NY 10036 |
Morgan Stanley Private Equity Asia Iii Holdings (cayman) Ltd | 10 percent owner, other: See Explanation of Responses | C/O WALKERS CORPORATE SERVICES LIMITED WALKER HOUSE, 87 MARY STREET GEORGE TOWN, GRAND CAYMAN E9 KY1-9005 |
Morgan Stanley Private Equity Asia Iii, L.l.c. | 10 percent owner, other: See Explanation of Responses | 1585 BROADWAY NEW YORK NY 10036 |
Morgan Stanley Private Equity Asia Iii, Inc. | 10 percent owner, other: See Explanation of Responses | 1585 BROADWAY NEW YORK NY 10036 |
Mspea Modified Plastics Holding Ltd | 10 percent owner, other: See Explanation of Responses | C/O WALKERS CORPORATE SERVICES LIMITED WALKER HOUSE, 87 MARY STREET GEORGE TOWN, GRAND CAYMAN E9 KYI-9005 |
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