Shougang Fushan Resources Group (FRA:FU7) Return-on-Tangible-Asset

: 10.79% (As of Jun. 2023)

View and export this data going back to 2007. Start your Free Trial

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. Shougang Fushan Resources Group's annualized Net Income for the quarter that ended in Jun. 2023 was €290.5 Mil. Shougang Fushan Resources Group's average total tangible assets for the quarter that ended in Jun. 2023 was €2,691.5 Mil. Therefore, Shougang Fushan Resources Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 was 10.79%.

The historical rank and industry rank for Shougang Fushan Resources Group's Return-on-Tangible-Asset or its related term are showing as below:

FRA:FU7' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2 Med: 5.43 Max: 11.92
Current: 8.55

During the past 13 years, Shougang Fushan Resources Group's highest Return-on-Tangible-Asset was 11.92%. The lowest was -2.00%. And the median was 5.43%.

FRA:FU7's Return-on-Tangible-Asset is ranked better than
80.06% of 627 companies
in the Steel industry
Industry Median: 3.1 vs FRA:FU7: 8.55

Shougang Fushan Resources Group Return-on-Tangible-Asset Historical Data

The historical data trend for Shougang Fushan Resources Group'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.

Shougang Fushan Resources Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Return-on-Tangible-Asset

5.77

5.15

12.06

12.33

8.56

Shougang Fushan Resources Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Return-on-Tangible-Asset																17.15	13.87	9.56	10.79	5.95

Competitive Comparison

For the Coking Coal subindustry, Shougang Fushan Resources Group'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.

Shougang Fushan Resources Group Return-on-Tangible-Asset Distribution

For the Steel industry and Basic Materials sector, Shougang Fushan Resources Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Shougang Fushan Resources Group's Return-on-Tangible-Asset falls into.

Shougang Fushan Resources Group Return-on-Tangible-Asset Calculation

Shougang Fushan Resources Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	329.246	/	( (2651.045	+	2689.828)	/ 2 )
	=	329.246	/	2670.4365
	=	12.33 %

Shougang Fushan Resources Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	290.496	/	( (2689.828	+	2693.084)	/ 2 )
	=	290.496	/	2691.456
	=	10.79 %

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 (Jun. 2023) net income data.

Shougang Fushan Resources Group (FRA:FU7) 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.

Shougang Fushan Resources Group Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Shougang Fushan Resources Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Shougang Fushan Resources Group (FRA:FU7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shougang Fushan Resources Group Ltd (FRA:FU7) » Definitions » Return-on-Tangible-Asset

Comparable Companies

Traded in Other Exchanges

FSHYF:USA 00639:Hong Kong

Address

56 Gloucester Road, 6th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG

Website

http://www.shougang-resources.com.hk

Shougang Fushan Resources Group Ltd is engaged in coking coal mining, production and sales of coking coal products in the PRC. It derives revenue from the sale of clean coking coal and raw coking coal. The group has three operating coking coal mines and three coal preparation plants. The group has a business presence in the PRC and Hong Kong.

Shougang Fushan Resources Group (FRA:FU7) Headlines

No Headlines