Goldfine ManufacturersBKK:GFM-R Return-on-Tangible-Asset is 5.25% as of Sep. 2014, which is 72% below its 10-year median of 18.68. The stock has 3 warning signs investors should review.
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. Goldfine Manufacturers's annualizedNet Income for the quarter that ended in Sep. 2014 was ฿78.59 Mil. Goldfine Manufacturers's average total tangible assets for the quarter that ended in Sep. 2014 was ฿1,497.78 Mil. Therefore, Goldfine Manufacturers's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2014 was 5.25%.
The historical rank and industry rank for Goldfine Manufacturers's Return-on-Tangible-Asset or its related term are showing as below:
BKK:GFM-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.69 Med: 18.68 Max: 33.27
Current: 10.05
During the past 9 years, Goldfine Manufacturers's highest Return-on-Tangible-Asset was 33.27%. The lowest was 8.69%. And the median was 18.68%.
BKK:GFM-R's Return-on-Tangible-Asset is not ranked
in the Retail - Cyclical industry.
Industry Median: 2.94
vs BKK:GFM-R: 10.05
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.
Goldfine Manufacturers Return-on-Tangible-Asset Related Terms
Goldfine Manufacturers Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Goldfine Manufacturers'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.
For the Luxury Goods subindustry, Goldfine Manufacturers'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.
Goldfine Manufacturers Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Goldfine Manufacturers's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Goldfine Manufacturers'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 (Sep. 2014) net income data.
What does a Return-on-Tangible-Asset of 5.25% mean?
Goldfine Manufacturers (BKK:GFM-R) has a Return-on-Tangible-Asset of 5.25% as of Sep. 2014. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Goldfine Manufacturers and its competitors. This is 72% below median its historical median of 18.68. Over the past decade, Goldfine Manufacturers' Return-on-Tangible-Asset has ranged from 8.69 to 33.27.
Is Goldfine Manufacturers' Return-on-Tangible-Asset too high?
Goldfine Manufacturers' current Return-on-Tangible-Asset of 5.25% is 72% below median its 10-year median of 18.68. Over the past 10 years, this metric has ranged from a low of 8.69 to a high of 33.27. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.94. Goldfine Manufacturers' value of 5.25% is 78.6% above this industry median.
How does Goldfine Manufacturers' Return-on-Tangible-Asset compare to competitors?
Goldfine Manufacturers' Return-on-Tangible-Asset of 5.25% can be compared against companies in the Retail - Cyclical industry. The industry median Return-on-Tangible-Asset is 2.94. Goldfine Manufacturers' value of 5.25% is 78.6% above this benchmark. Historically, Goldfine Manufacturers' own Return-on-Tangible-Asset has ranged from 8.69 to 33.27 over the past decade. While the company's 10-year median is 18.68 vs. the industry median of 2.94, Goldfine Manufacturers has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.94, based on 1,129 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Goldfine Manufacturers's current Return-on-Tangible-Asset of 5.25% is 78.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Goldfine Manufacturers and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goldfine Manufacturers's current Return-on-Tangible-Asset is 5.25%, which is 72% below median its own 10-year median of 18.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldfine Manufacturers stock overvalued right now?
Goldfine Manufacturers (BKK:GFM-R) has a current Return-on-Tangible-Asset of 5.25%. The current Return-on-Tangible-Asset is 5.25%, which is 72% below median its 10-year median of 18.68 and 78.6% above the Retail - Cyclical industry median of 2.94. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Goldfine Manufacturers (BKK:GFM-R), the current Return-on-Tangible-Asset is 5.25% as of Sep. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Goldfine Manufacturers Public Company Limited was incorporated on 26 September 1989 in Thailand. The Company is a manufacturer, importer and exporter of ornaments and jewelries. It manufactures and exports gold, silver, platinum jewelry sets with diamonds, precious stones, semi-precious stones and others.
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