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 Mobile's annualizedNet Income for the quarter that ended in Mar. 2024 was HK$128,657 Mil. China Mobile's average total tangible assets for the quarter that ended in Mar. 2024 was HK$2,100,778 Mil. Therefore, China Mobile's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 6.12%.
The historical rank and industry rank for China Mobile's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:00941'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.65 Med: 7.36 Max: 9.11
Current: 6.94
During the past 13 years, China Mobile's highest Return-on-Tangible-Asset was 9.11%. The lowest was 6.65%. And the median was 7.36%.
HKSE:00941's Return-on-Tangible-Asset is ranked better than 69.85% of 388
companies
in the Telecommunication Services industry
Industry Median: 3.035
vs HKSE:00941: 6.94
China Mobile Return-on-Tangible-Asset Historical Data
The historical data trend for China Mobile'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.
Competitive Comparison of China Mobile's Return-on-Tangible-Asset
For the Telecom Services subindustry, China Mobile'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.
China Mobile's Return-on-Tangible-Asset Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, China Mobile's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Mobile's Return-on-Tangible-Asset falls into.
China Mobile Return-on-Tangible-Asset Calculation
China Mobile'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 four times the quarterly (Mar. 2024) net income data.
China Mobile (HKSE:00941) 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.
China Mobile Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China Mobile's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (990 million) but also the largest in the world. It has 60% of the total wireless market in China and 45% of the fixed-line broadband market. The firm is continuing to roll out its 5G network, having launched 5G service in late 2019. It is doing some 5G network sharing with China Broadnet at 700 MHz and also resells its 2G/4G/5G network through China Broadnet. Strong growth is being generated through internet data centers where it has the second-largest network in China and through Cloud Services. The company issued stock on the A-share market in 2022 and completed its first buyback of H-shares.
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