GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eastern Cables Ltd (DHA:ECABLES) » Definitions » Return-on-Tangible-Asset

Eastern Cables (DHA:ECABLES) Return-on-Tangible-Asset : 0.00% (As of . 20)


View and export this data going back to . Start your Free Trial

What is Eastern Cables 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. Eastern Cables's annualized Net Income for the quarter that ended in . 20 was BDT Mil. Eastern Cables's average total tangible assets for the quarter that ended in . 20 was BDT Mil. Therefore, Eastern Cables's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 was 0.00%.

The historical rank and industry rank for Eastern Cables's Return-on-Tangible-Asset or its related term are showing as below:

DHA:ECABLES's Return-on-Tangible-Asset is not ranked *
in the Industrial Products industry.
Industry Median: 3.29
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Eastern Cables Return-on-Tangible-Asset Historical Data

The historical data trend for Eastern Cables'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.

* Premium members only.

Eastern Cables Return-on-Tangible-Asset Chart

Eastern Cables Annual Data
Trend
Return-on-Tangible-Asset

Eastern Cables Semi-Annual Data
Return-on-Tangible-Asset

Competitive Comparison of Eastern Cables's Return-on-Tangible-Asset

For the Electrical Equipment & Parts subindustry, Eastern Cables'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.


Eastern Cables's Return-on-Tangible-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Eastern Cables's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Eastern Cables's Return-on-Tangible-Asset falls into.


;
;

Eastern Cables Return-on-Tangible-Asset Calculation

Eastern Cables's annualized Return-on-Tangible-Asset for the fiscal year that ended in . 20 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=/( (+)/ )
=/
= %

Eastern Cables's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: . 20 )  (Q: . 20 )(Q: . 20 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: . 20 )  (Q: . 20 )(Q: . 20 )
=/( (+)/ )
=/
= %

* 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 one times the annual (. 20) net income data.


Eastern Cables  (DHA:ECABLES) 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 company’s 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 company’s 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.


Eastern Cables Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Eastern Cables's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Eastern Cables Business Description

Traded in Other Exchanges
N/A
Address
North Patenga, Chattagong, BGD
Eastern Cables Ltd manufactures cables and conductors. The Company's products include PVC insulated and PVC sheathed single-core and multi-core low tension domestic cable, control, flexible, and power cables with copper conductors.

Eastern Cables Headlines

No Headlines