The historical rank and industry rank for Chonburi Concrete Product PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:CCP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.39 Med: 1.46 Max: 6.4
Current: 3.6
During the past 13 years, Chonburi Concrete Product PCL's highest Return-on-Tangible-Asset was 6.40%. The lowest was -2.39%. And the median was 1.46%.
BKK:CCP's Return-on-Tangible-Asset is ranked better than 52.3% of 392
companies
in the Building Materials industry
Industry Median: 3.34
vs BKK:CCP: 3.60
Chonburi Concrete Product PCL Return-on-Tangible-Asset Historical Data
* 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 Chonburi Concrete Product PCL's Return-on-Tangible-Asset
For the Building Materials subindustry, Chonburi Concrete Product PCL'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.
Chonburi Concrete Product PCL's Return-on-Tangible-Asset Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Chonburi Concrete Product PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chonburi Concrete Product PCL'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 four times the quarterly (Mar. 2024) 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.
Chonburi Concrete Product PCL Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Chonburi Concrete Product PCL's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Chonburi Concrete Product PCL (BKK:CCP) Business Description
Chonburi Concrete Product PCL is mainly engaged in the manufacturing and distribution of concrete products and ready mixed concrete in Thailand. Its products include Ready-Mixed Concrete, Precast concrete for structure system works and precast concrete for decorative works, among others. The operations of the company mainly in Thailand involve several industry segments, namely the production and sales of construction products, real estate rental and transportation services.
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