What is Cho Thavee Dollasien 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. Cho Thavee Dollasien's annualizedNet Income for the quarter that ended in Dec. 2023 was $-27.80 Mil. Cho Thavee Dollasien's average total tangible assets for the quarter that ended in Dec. 2023 was $90.24 Mil. Therefore, Cho Thavee Dollasien's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -30.81%.
The historical rank and industry rank for Cho Thavee Dollasien's Return-on-Tangible-Asset or its related term are showing as below:
CHOTF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.71 Med: -3.28 Max: 9.58
Current: -18.27
During the past 13 years, Cho Thavee Dollasien's highest Return-on-Tangible-Asset was 9.58%. The lowest was -20.71%. And the median was -3.28%.
CHOTF's Return-on-Tangible-Asset is ranked worse than 90.91% of 209
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 4.17
vs CHOTF: -18.27
Cho Thavee Dollasien Return-on-Tangible-Asset Historical Data
The historical data trend for Cho Thavee Dollasien'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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Cho Thavee Dollasien Return-on-Tangible-Asset Chart
Competitive Comparison of Cho Thavee Dollasien's Return-on-Tangible-Asset
For the Farm & Heavy Construction Machinery subindustry, Cho Thavee Dollasien'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.
Cho Thavee Dollasien's Return-on-Tangible-Asset Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Cho Thavee Dollasien's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Cho Thavee Dollasien's Return-on-Tangible-Asset falls into.
Cho Thavee Dollasien Return-on-Tangible-Asset Calculation
Cho Thavee Dollasien's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* 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 (Dec. 2023) net income data.
Cho Thavee Dollasien (OTCPK:CHOTF) 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.
Cho Thavee Dollasien Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Cho Thavee Dollasien's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Cho Thavee Dollasien (Cho Thavee Dollasien) Business Description
Cho Thavee PCL along with its subsidiaries engages in the manufacturing, selling and providing service of trailer assembly, vehicles, and special equipment. The company's products comprise standard products, which include trucks, semi-trailer, full-trailer; and other related products. Its segments include deriving revenue from contracts such as standard products, special products and project contract; revenue from sales such as the sale of spare parts and vehicle prototype; and revenue from service such as maintenance service centre. The group has a business presence in Thailand and other countries, of which a majority of revenue is derived from Thailand.
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