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China Gerui Advanced Materials Group (FRA:G60A) Return-on-Tangible-Asset : -27.22% (As of Sep. 2014)


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What is China Gerui Advanced Materials Group 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. China Gerui Advanced Materials Group's annualized Net Income for the quarter that ended in Sep. 2014 was €-102.55 Mil. China Gerui Advanced Materials Group's average total tangible assets for the quarter that ended in Sep. 2014 was €376.70 Mil. Therefore, China Gerui Advanced Materials Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2014 was -27.22%.

The historical rank and industry rank for China Gerui Advanced Materials Group's Return-on-Tangible-Asset or its related term are showing as below:

FRA:G60A' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.62   Med: 8.5   Max: 29.27
Current: -6.62

During the past 8 years, China Gerui Advanced Materials Group's highest Return-on-Tangible-Asset was 29.27%. The lowest was -6.62%. And the median was 8.50%.

FRA:G60A's Return-on-Tangible-Asset is not ranked
in the Steel industry.
Industry Median: 2.96 vs FRA:G60A: -6.62

China Gerui Advanced Materials Group Return-on-Tangible-Asset Historical Data

The historical data trend for China Gerui Advanced Materials 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.

* Premium members only.

China Gerui Advanced Materials Group Return-on-Tangible-Asset Chart

China Gerui Advanced Materials Group Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Return-on-Tangible-Asset
Get a 7-Day Free Trial 28.41 19.64 12.62 4.11 -2.13

China Gerui Advanced Materials Group Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.27 -5.63 -2.77 -1.00 -27.22

Competitive Comparison of China Gerui Advanced Materials Group's Return-on-Tangible-Asset

For the Steel subindustry, China Gerui Advanced Materials 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.


China Gerui Advanced Materials Group's Return-on-Tangible-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, China Gerui Advanced Materials Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where China Gerui Advanced Materials Group's Return-on-Tangible-Asset falls into.



China Gerui Advanced Materials Group Return-on-Tangible-Asset Calculation

China Gerui Advanced Materials Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2013 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=-10.32/( (513.108+457.387)/ 2 )
=-10.32/485.2475
=-2.13 %

China Gerui Advanced Materials Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2014 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2014 )  (Q: Jun. 2014 )(Q: Sep. 2014 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2014 )  (Q: Jun. 2014 )(Q: Sep. 2014 )
=-102.552/( (389.456+363.947)/ 2 )
=-102.552/376.7015
=-27.22 %

* 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 (Sep. 2014) net income data.


China Gerui Advanced Materials Group  (FRA:G60A) 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.


China Gerui Advanced Materials Group Return-on-Tangible-Asset Related Terms

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China Gerui Advanced Materials Group (FRA:G60A) Business Description

Traded in Other Exchanges
N/A
Address
1 Shuanghu Development Zone, Zhengzhou, Xinzheng City, Henan, CHN, 451191
China Gerui Advanced Materials Group Ltd is a China-based steel processor company. It manufactures high precision cold-rolled narrow strip steel products and converts steel manufactured into thin steel sheets and strips. It mainly produces ultra-thin, high-strength cold-rolled steel products and chromium plates. The company sells its products to domestic Chinese customers who primarily operate in the food and industrial packaging, construction and household decorations materials, electrical appliances, and telecommunications wires and cables industries.

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