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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. Cheetah Net Supply Chain Service's annualized Net Income for the quarter that ended in Mar. 2024 was $-2.44 Mil. Cheetah Net Supply Chain Service's average total tangible assets for the quarter that ended in Mar. 2024 was $9.52 Mil. Therefore, Cheetah Net Supply Chain Service's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -25.59%.
The historical rank and industry rank for Cheetah Net Supply Chain Service's Return-on-Tangible-Asset or its related term are showing as below:
During the past 3 years, Cheetah Net Supply Chain Service's highest Return-on-Tangible-Asset was 6.41%. The lowest was -3.33%. And the median was 4.96%.
The historical data trend for Cheetah Net Supply Chain Service'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.
Cheetah Net Supply Chain Service Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Return-on-Tangible-Asset | 6.41 | 4.96 | 1.08 |
Cheetah Net Supply Chain Service Quarterly Data | ||||||||||
Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -3.23 | 5.38 | 4.09 | -1.29 | -25.59 |
For the Auto & Truck Dealerships subindustry, Cheetah Net Supply Chain Service'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.
For the Vehicles & Parts industry and Consumer Cyclical sector, Cheetah Net Supply Chain Service's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Cheetah Net Supply Chain Service's Return-on-Tangible-Asset falls into.
Cheetah Net Supply Chain Service's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 0.134 | / | ( (14.719 | + | 10.059) | / 2 ) | |
= | 0.134 | / | 12.389 | ||||
= | 1.08 % |
Cheetah Net Supply Chain Service's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | -2.436 | / | ( (10.059 | + | 8.978) | / 2 ) | |
= | -2.436 | / | 9.5185 | ||||
= | -25.59 % |
* 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.
Cheetah Net Supply Chain Service (NAS:CTNT) 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.
Thank you for viewing the detailed overview of Cheetah Net Supply Chain Service's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Catherine Chen | director | ONE MILE WEST OF GUANRI, HULI DISTRICT, XIAMEN F4 361000 |
Huoyuan Chen | 10 percent owner | QUNZHONGXINCUN VILLAGE, TAIJIANG DIST., 207 BLOCK 5, FUZHOU F4 350000 |
Adam Eilenberg | director | 335 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10017 |
Walter Penn Folker | officer: Vice President of Procurement | 7353 BEDFORDSHIRE DRIVE, CHARLOTTE NC 28226 |
Xianggeng Huang | director, 10 percent owner | 12-8, A2#BLDG, WANDA PLAZA II, NO.8 AOJIANG RD., AOFENG ST., TAIJIANG, FUZHOU F4 350000 |
Xiaolin Tang | 10 percent owner | RM 401, BLDG 25, MOON BAY GARDEN, DONGSHAN ST., JIANGNING DIST., NANJING F4 211100 |
Yan Xiao | 10 percent owner | LANGYUAN 2-3001, XINGHEWAN COMM., SIJI XINGHE MID ST., CHAOYANG N. RD., BEIJING F4 100000 |
Ying-chang Yuan | 10 percent owner | 4752 MOUNT ROYAL LN, CHARLOTTE NC 28210 |
Vladimir Gavrilovic | director | 70 ELM STREET, APT 1, NORTH ARLINGTON NJ 07031 |
Huan Liu | director, 10 percent owner, officer: See Remarks | 6201 FAIRVIEW RD, STE 225, CHARLOTTE NC 28210 |
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