What is Geely Automobile Holdings 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. Geely Automobile Holdings's annualizedNet Income for the quarter that ended in Dec. 2023 was HK$8,176 Mil. Geely Automobile Holdings's average total tangible assets for the quarter that ended in Dec. 2023 was HK$163,909 Mil. Therefore, Geely Automobile Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 4.99%.
The historical rank and industry rank for Geely Automobile Holdings's Return-on-Tangible-Asset or its related term are showing as below:
LTS:0YZ2'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.54 Med: 6.53 Max: 16.9
Current: 3.67
During the past 13 years, Geely Automobile Holdings's highest Return-on-Tangible-Asset was 16.90%. The lowest was 3.54%. And the median was 6.53%.
LTS:0YZ2's Return-on-Tangible-Asset is ranked better than 51.08% of 1300
companies
in the Vehicles & Parts industry
Industry Median: 3.44
vs LTS:0YZ2: 3.67
Geely Automobile Holdings Return-on-Tangible-Asset Historical Data
The historical data trend for Geely Automobile Holdings'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 Geely Automobile Holdings's Return-on-Tangible-Asset
For the Auto Manufacturers subindustry, Geely Automobile Holdings'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.
Geely Automobile Holdings's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Geely Automobile Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Geely Automobile Holdings's Return-on-Tangible-Asset falls into.
* 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.
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.
Geely Automobile Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Geely Automobile Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Geely Automobile Holdings (LTS:0YZ2) Business Description
Based in Hangzhou, Zhejiang province, Geely Automobile Holdings manufactures and sells passenger vehicles and automotive parts. Geely is the largest local brand manufacturer and the third largest passenger vehicle brand in terms of sales volume in China. The firm formed a joint venture with Volvo in 2016 to build cars under the Lynk & Co brand. The new brand targets a young audience with sales and marketing approaches closely resembling those of modern lifestyle brands. Including Lynk & Co, Geely sold about 1.4 million cars in 2022. The domestic market accounts for more than 90% of Geely's revenue, with the rest coming from other parts of the world.
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