The historical rank and industry rank for China Resources Beer (Holdings) Co's Return-on-Tangible-Asset or its related term are showing as below:
CRHKF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.02 Med: 3.9 Max: 12.3
Current: 10.63
During the past 13 years, China Resources Beer (Holdings) Co's highest Return-on-Tangible-Asset was 12.30%. The lowest was -5.02%. And the median was 3.90%.
CRHKF's Return-on-Tangible-Asset is ranked better than 76.17% of 214
companies
in the Beverages - Alcoholic industry
Industry Median: 4.215
vs CRHKF: 10.63
China Resources Beer (Holdings) Co 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.
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China Resources Beer (Holdings) Co Return-on-Tangible-Asset Chart
Competitive Comparison of China Resources Beer (Holdings) Co's Return-on-Tangible-Asset
For the Beverages - Brewers subindustry, China Resources Beer (Holdings) Co'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.
China Resources Beer (Holdings) Co's Return-on-Tangible-Asset Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, China Resources Beer (Holdings) Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Resources Beer (Holdings) Co's Return-on-Tangible-Asset falls into.
China Resources Beer (Holdings) Co Return-on-Tangible-Asset Calculation
* 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. 2023) net income data.
China Resources Beer (Holdings) Co (OTCPK:CRHKF) 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.
China Resources Beer (Holdings) Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China Resources Beer (Holdings) Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Business Description
China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company retains its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 24%, versus 18% of Tsingtao and 16% of Budweiser APAC, based on Euromonitor data.
China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Headlines
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