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Zicom Group (ASX:ZGL) Return-on-Tangible-Asset : 3.57% (As of Dec. 2024)


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What is Zicom Group 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. Zicom Group's annualized Net Income for the quarter that ended in Dec. 2024 was A$6.1 Mil. Zicom Group's average total tangible assets for the quarter that ended in Dec. 2024 was A$170.5 Mil. Therefore, Zicom Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 3.57%.

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

ASX:ZGL' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.88   Med: -1.17   Max: 8.35
Current: 8.35

During the past 13 years, Zicom Group's highest Return-on-Tangible-Asset was 8.35%. The lowest was -9.88%. And the median was -1.17%.

ASX:ZGL's Return-on-Tangible-Asset is ranked better than
79.78% of 3027 companies
in the Industrial Products industry
Industry Median: 3.3 vs ASX:ZGL: 8.35

Zicom Group Return-on-Tangible-Asset Historical Data

The historical data trend for Zicom 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.

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Zicom Group Return-on-Tangible-Asset Chart

Zicom Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.46 -0.73 -6.13 -6.45 4.96

Zicom Group Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.98 -6.24 -4.30 14.25 3.57

Competitive Comparison of Zicom Group's Return-on-Tangible-Asset

For the Specialty Industrial Machinery subindustry, Zicom 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.


Zicom Group's Return-on-Tangible-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zicom Group's Return-on-Tangible-Asset distribution charts can be found below:

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


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Zicom Group Return-on-Tangible-Asset Calculation

Zicom Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=7.373/( (148.155+149.291)/ 2 )
=7.373/148.723
=4.96 %

Zicom Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=6.078/( (149.291+191.629)/ 2 )
=6.078/170.46
=3.57 %

* 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. 2024) net income data.


Zicom Group  (ASX:ZGL) 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 company’s 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 company’s 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.


Zicom Group Return-on-Tangible-Asset Related Terms

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


Zicom Group Business Description

Traded in Other Exchanges
N/A
Address
38 Goodman Place, Murarrie, Brisbane, QLD, AUS, 4172
Zicom Group Ltd is engaged in the manufacturing of deck machinery, gas metering stations, gas processing plants, foundation equipment, concrete mixers and precision engineered machinery, rental of foundation equipment, supply of automation products and solutions, supply of medtech equipment and products, medtech translation services and services to the offshore marine, oil and gas, construction, electronics, biomedical and agriculture industries. It operates through the following segments: Green Energy, Gas & Marine Equipment, Construction Equipment, Precision Engineering and Technologies, and Industrial and Mobile Hydraulics.

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