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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. Chesswood Group's annualizedNet Income for the quarter that ended in Mar. 2024 was $-18.3 Mil. Chesswood Group's average total tangible assets for the quarter that ended in Mar. 2024 was $1,482.1 Mil. Therefore, Chesswood Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -1.24%.
The historical rank and industry rank for Chesswood Group's Return-on-Tangible-Asset or its related term are showing as below:
CHWWQ's Return-on-Tangible-Asset is not ranked *
in the Credit Services industry.
Industry Median: 1.94 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Chesswood Group (OTCPK:CHWWQ) 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.
Chesswood Group Return-on-Tangible-Asset Related Terms
Chesswood Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Chesswood 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.
CHWWQ vs BWMY, V, MA: Return-on-Tangible-Asset Comparison
For the Credit Services subindustry, Chesswood 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.
Chesswood Group Return-on-Tangible-Asset vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Chesswood Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chesswood Group'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.
What does a Return-on-Tangible-Asset of -1.24% mean?
Chesswood Group (CHWWQ) has a Return-on-Tangible-Asset of -1.24% as of Mar. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Chesswood Group and its competitors.
Is Chesswood Group's Return-on-Tangible-Asset too high?
Chesswood Group's current Return-on-Tangible-Asset is -1.24%. Overall, Chesswood Group has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Chesswood Group's Return-on-Tangible-Asset compare to BWMY and V?
Chesswood Group's Return-on-Tangible-Asset of -1.24% can be compared against companies in the Credit Services industry. The industry median Return-on-Tangible-Asset is 1.94. 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 Credit Services company?
The median Return-on-Tangible-Asset among Credit Services companies is 1.94, based on 548 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. 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 Chesswood Group and its competitors. For the Credit Services industry, the median Return-on-Tangible-Asset is 1.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chesswood Group's current Return-on-Tangible-Asset is -1.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chesswood Group stock overvalued right now?
Chesswood Group (CHWWQ) has a current Return-on-Tangible-Asset of -1.24%. The current Return-on-Tangible-Asset is -1.24%. Chesswood Group's overall GF Score™ is 12/100. 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 Chesswood Group (CHWWQ), the current Return-on-Tangible-Asset is -1.24% as of Mar. 2024. 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.
Chesswood Group Ltd is a holding company whose subsidiaries engage in the business of specialty finance (including equipment finance throughout North America, and vehicle finance in Canada), as well as the origination and management of private credit alternatives for North American investors. The company's operations consist of U.S. Equipment Financing Segment, Canadian Equipment Financing Segment, Canadian Auto Financing Segment, and Asset Management Segment. The US Equipment Financing business, which is the key revenue driver, is located in the US and is involved in small-ticket equipment leasing and lending to small and medium-sized businesses.
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