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Hainan Meilan International Airport Co (FRA:HAO) Return-on-Tangible-Asset : -2.74% (As of Dec. 2024)


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What is Hainan Meilan International Airport Co 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. Hainan Meilan International Airport Co's annualized Net Income for the quarter that ended in Dec. 2024 was €-35.0 Mil. Hainan Meilan International Airport Co's average total tangible assets for the quarter that ended in Dec. 2024 was €1,275.1 Mil. Therefore, Hainan Meilan International Airport Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -2.74%.

The historical rank and industry rank for Hainan Meilan International Airport Co's Return-on-Tangible-Asset or its related term are showing as below:

FRA:HAO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -13.62   Med: 5.8   Max: 7.76
Current: -3.79

During the past 13 years, Hainan Meilan International Airport Co's highest Return-on-Tangible-Asset was 7.76%. The lowest was -13.62%. And the median was 5.80%.

FRA:HAO's Return-on-Tangible-Asset is ranked worse than
88.94% of 1004 companies
in the Transportation industry
Industry Median: 4.025 vs FRA:HAO: -3.79

Hainan Meilan International Airport Co Return-on-Tangible-Asset Historical Data

The historical data trend for Hainan Meilan International Airport Co'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.

Hainan Meilan International Airport Co Return-on-Tangible-Asset Chart

Hainan Meilan International Airport Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.05 8.02 -1.56 -1.33 -3.80

Hainan Meilan International Airport Co Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 -2.90 -0.96 -1.60 -4.94 -2.74

Competitive Comparison of Hainan Meilan International Airport Co's Return-on-Tangible-Asset

For the Airports & Air Services subindustry, Hainan Meilan International Airport 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.


Hainan Meilan International Airport Co's Return-on-Tangible-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hainan Meilan International Airport Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Hainan Meilan International Airport Co's Return-on-Tangible-Asset falls into.


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Hainan Meilan International Airport Co Return-on-Tangible-Asset Calculation

Hainan Meilan International Airport Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=-50.034/( (1326.269+1306.986)/ 2 )
=-50.034/1316.6275
=-3.80 %

Hainan Meilan International Airport Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=-34.996/( (1243.259+1306.986)/ 2 )
=-34.996/1275.1225
=-2.74 %

* 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. 2024) net income data.


Hainan Meilan International Airport Co  (FRA:HAO) 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.


Hainan Meilan International Airport Co Return-on-Tangible-Asset Related Terms

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Hainan Meilan International Airport Co Business Description

Traded in Other Exchanges
Address
Office Building of Meilan Airport, Hainan Province, Haikou, CHN, 571126
Hainan Meilan International Airport Co Ltd is engaged in the operation of an airport and an ancillary hotel and the provision of related services in the PRC. The company engages and generates revenues from the operational activities at the Meilan Airport of the Hainan Province in the People's Republic of China (PRC). Under its aeronautical businesses, the firm provides terminal facilities, ground handling services, and passenger services. The non-aeronautical business includes the leasing of commercial and retail spaces at Meilan Airport, franchising of airport related business, advertising, car parking, cargo handling, and sales of consumable goods.