Telestone Technologies (Telestone Technologies) Return-on-Tangible-Asset : -15.35% (As of Dec. 2012)

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What is Telestone Technologies 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. Telestone Technologies's annualized Net Income for the quarter that ended in Dec. 2012 was $-42.20 Mil. Telestone Technologies's average total tangible assets for the quarter that ended in Dec. 2012 was $274.93 Mil. Therefore, Telestone Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2012 was -15.35%.

The historical rank and industry rank for Telestone Technologies's Return-on-Tangible-Asset or its related term are showing as below:

TSTC's Return-on-Tangible-Asset is not ranked ^*
in the Hardware industry.
Industry Median: 2.525
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Telestone Technologies Return-on-Tangible-Asset Historical Data

The historical data trend for Telestone Technologies'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.

Telestone Technologies Return-on-Tangible-Asset Chart

Telestone Technologies Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Return-on-Tangible-Asset

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9.50

12.66

14.27

5.61

-8.73

Telestone Technologies Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Return-on-Tangible-Asset	Get a 7-Day Free Trial															5.12	0.64	-1.76	-17.89	-15.35

Competitive Comparison of Telestone Technologies's Return-on-Tangible-Asset

For the Communication Equipment subindustry, Telestone Technologies'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.

Telestone Technologies's Return-on-Tangible-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Telestone Technologies's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Telestone Technologies's Return-on-Tangible-Asset falls into.

Telestone Technologies Return-on-Tangible-Asset Calculation

Telestone Technologies's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2012 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	-24.445	/	( (295.582	+	264.657)	/ 2 )
	=	-24.445	/	280.1195
	=	-8.73 %

Telestone Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2012 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Dec. 2012 )		(Q: Sep. 2012 )		(Q: Dec. 2012 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Dec. 2012 )		(Q: Sep. 2012 )		(Q: Dec. 2012 )
	=	-42.204	/	( (285.194	+	264.657)	/ 2 )
	=	-42.204	/	274.9255
	=	-15.35 %

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. 2012) net income data.

Telestone Technologies (OTCPK:TSTC) 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.

Telestone Technologies Return-on-Tangible-Asset Related Terms

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Telestone Technologies (Telestone Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Telestone Technologies Corp (OTCPK:TSTC) » Definitions » Return-on-Tangible-Asset

Traded in Other Exchanges

N/A

Address

Website

http://www.telestone.com

Telestone Technologies Corp was organized under the laws of the State of Colorado in February 1987 under the name Shield Enterprises, Inc. In August 2004, TSTC reincorporated in the State of Delaware under the name Telestone Technologies Corporation. It provides access network solutions in China. The company's access network solutions include the research and development and application of access-network technology. In addition to its homegrown access-network equipment, which includes repeaters, antennas, and radio-frequency peripherals, the company offers project design, project management, installation, maintenance, and other after sales services to its customers. The company offers WFDS, a next generation wireless distribution system. WFDS is an all-optical network that combines the technologies of both wireless and optical telecommunications. As of December 31, 2011, it completed 499 WFDS installations. The company designs and sells electronic equipment used to provide access-network solutions to its customers. Many of these types of equipment, including WFDS products, RFPA products, passive components and base station antennas for 2G, 3G, Broadband access and CATV networks, are specialized active microwave components designed to meet the needs of its customers.The company provides systems integration services to its customers. The primary systems integration services provided to the company's customers are project design and engineering, specifically, the development and design of indoor and outdoor wireless signal complementary coverage solutions and their applied products. The company also markets its products to 29 countries, including the United States, Vietnam, Mexico, Brazil, Russia, India, the Philippines, Thailand, Ireland, Ecuador, Mongolia, South Africa, Turkey, Indonesia, Colombia, Costa Rica, Argentina, Ukraine, Kazakhstan, Singapore, South Korea, Hong Kong, Saudi Arabia, New Zealand, Bangladesh, the United Arab Emirates, Canada, and Iceland.

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