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China Oceanwide Holdings (FRA:HRH) Return-on-Tangible-Asset : -8.27% (As of Jun. 2023)


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What is China Oceanwide Holdings 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 Oceanwide Holdings's annualized Net Income for the quarter that ended in Jun. 2023 was €-165.89 Mil. China Oceanwide Holdings's average total tangible assets for the quarter that ended in Jun. 2023 was €2,005.50 Mil. Therefore, China Oceanwide Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 was -8.27%.

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

FRA:HRH' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -23.11   Med: 0.08   Max: 2.65
Current: -12.8

During the past 13 years, China Oceanwide Holdings's highest Return-on-Tangible-Asset was 2.65%. The lowest was -23.11%. And the median was 0.08%.

FRA:HRH's Return-on-Tangible-Asset is not ranked
in the Real Estate industry.
Industry Median: 1.05 vs FRA:HRH: -12.80

China Oceanwide Holdings Return-on-Tangible-Asset Historical Data

The historical data trend for China Oceanwide Holdings'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 Oceanwide Holdings Return-on-Tangible-Asset Chart

China Oceanwide Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.22 -0.24 -3.55 -23.96 -13.28

China Oceanwide Holdings Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 -4.53 -42.60 -7.61 -19.47 -8.27

Competitive Comparison of China Oceanwide Holdings's Return-on-Tangible-Asset

For the Real Estate Services subindustry, China Oceanwide Holdings'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 Oceanwide Holdings's Return-on-Tangible-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Oceanwide Holdings's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where China Oceanwide Holdings's Return-on-Tangible-Asset falls into.



China Oceanwide Holdings Return-on-Tangible-Asset Calculation

China Oceanwide Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=-293.437/( (2412.842+2005.497)/ 2 )
=-293.437/2209.1695
=-13.28 %

China Oceanwide Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=-165.892/( (2005.497+0)/ 1 )
=-165.892/2005.497
=-8.27 %

* 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 (Jun. 2023) net income data.


China Oceanwide Holdings  (FRA:HRH) 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 Oceanwide Holdings Return-on-Tangible-Asset Related Terms

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China Oceanwide Holdings (FRA:HRH) Business Description

Traded in Other Exchanges
N/A
Address
1 Garden Road, 64th Floor, Bank of China Tower, Hong Kong, HKG
China Oceanwide Holdings Ltd is an investment holding company engaged in real estate development in the U.S. and the development in the energy sector in Indonesia as well as financial investment and others. The company has four business segments, namely Property Investment, Real Estate Development, Energy and Finance Investment, and Others. The Group operates in Hong Kong, the PRC, the United States, and Indonesia. It derives a majority of its revenue from the People's Republic of China.

China Oceanwide Holdings (FRA:HRH) Headlines

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