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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. China Specialty Glass AG's annualizedNet Income for the quarter that ended in Jun. 2014 was €32.1 Mil. China Specialty Glass AG's average total tangible assets for the quarter that ended in Jun. 2014 was €211.0 Mil. Therefore, China Specialty Glass AG's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2014 was 15.20%.
The historical rank and industry rank for China Specialty Glass AG's Return-on-Tangible-Asset or its related term are showing as below:
FRA:8GS's Return-on-Tangible-Asset is not ranked *
in the Business Services industry.
Industry Median: 3.955 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
China Specialty Glass AG (FRA:8GS) 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 Specialty Glass AG Return-on-Tangible-Asset Related Terms
China Specialty Glass AG Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for China Specialty Glass AG'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.
China Specialty Glass AG Return-on-Tangible-Asset Chart
FRA:8GS vs DTII, VCON, UUU: Return-on-Tangible-Asset Comparison
For the Security & Protection Services subindustry, China Specialty Glass AG'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 Specialty Glass AG Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, China Specialty Glass AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Specialty Glass AG'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 (Jun. 2014) net income data.
What does a Return-on-Tangible-Asset of 15.20% mean?
China Specialty Glass AG (FRA:8GS) has a Return-on-Tangible-Asset of 15.20% as of Jun. 2014. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on China Specialty Glass AG and its competitors.
Is China Specialty Glass AG's Return-on-Tangible-Asset too high?
China Specialty Glass AG's current Return-on-Tangible-Asset is 15.20%. The Business Services industry median Return-on-Tangible-Asset is 3.96. China Specialty Glass AG's value of 15.20% is 284.3% above this industry median.
How does China Specialty Glass AG's Return-on-Tangible-Asset compare to DTII and VCON?
China Specialty Glass AG's Return-on-Tangible-Asset of 15.20% can be compared against companies in the Business Services industry. The industry median Return-on-Tangible-Asset is 3.96. China Specialty Glass AG's value of 15.20% is 284.3% above this benchmark. 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.96, based on 1,096 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. China Specialty Glass AG's current Return-on-Tangible-Asset of 15.20% is 284.3% above the industry median. 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 China Specialty Glass AG and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Specialty Glass AG's current Return-on-Tangible-Asset is 15.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Specialty Glass AG stock overvalued right now?
China Specialty Glass AG (FRA:8GS) has a current Return-on-Tangible-Asset of 15.20%. The current Return-on-Tangible-Asset is 15.20% and 284.3% above the Business Services industry median of 3.96. 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 China Specialty Glass AG (FRA:8GS), the current Return-on-Tangible-Asset is 15.20% as of Jun. 2014. 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.
China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.
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