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Beijing Gas Blue Sky HoldingsFRA:KO32 +50.00%12 Return-on-Tangible-Asset is 2.08% as of Dec. 2025, which is 53% above its 10-year median of 1.36. GuruFocus rates FRA:KO32 with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 508 Utilities - Regulated companies, Beijing Gas Blue Sky Holdings ranks worse than 63.19% on this metric.
The historical rank and industry rank for Beijing Gas Blue Sky Holdings's Return-on-Tangible-Asset or its related term are showing as below:
FRA:KO32'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -69.23 Med: 1.36 Max: 5.69
Current: 2.58
During the past 13 years, Beijing Gas Blue Sky Holdings's highest Return-on-Tangible-Asset was 5.69%. The lowest was -69.23%. And the median was 1.36%.
FRA:KO32's Return-on-Tangible-Asset is ranked worse than 63.19% of 508
companies
in the Utilities - Regulated industry
Industry Median: 3.38
vs FRA:KO32: 2.58
Beijing Gas Blue Sky Holdings (FRA:KO32) 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.
Beijing Gas Blue Sky Holdings Return-on-Tangible-Asset Related Terms
Beijing Gas Blue Sky Holdings Return-on-Tangible-Asset Historical Data
* 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.
Beijing Gas Blue Sky Holdings Return-on-Tangible-Asset Chart
FRA:KO32 vs ATO, NI: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Gas subindustry, Beijing Gas Blue Sky 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.
Beijing Gas Blue Sky Holdings Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Beijing Gas Blue Sky Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Beijing Gas Blue Sky Holdings'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 2.08% mean?
Beijing Gas Blue Sky Holdings (FRA:KO32) has a Return-on-Tangible-Asset of 2.08% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Beijing Gas Blue Sky Holdings and its competitors. This is 53% above median its historical median of 1.36. According to the industry distribution chart, Beijing Gas Blue Sky Holdings ranks #321 out of 508 companies in the Utilities - Regulated industry, placing it in the top 63.2%.
Is Beijing Gas Blue Sky Holdings' Return-on-Tangible-Asset too high?
Beijing Gas Blue Sky Holdings' current Return-on-Tangible-Asset of 2.08% is 53% above median its 10-year median of 1.36. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.38. Beijing Gas Blue Sky Holdings' value of 2.08% is 38.5% below this industry median. Based on the distribution chart, Beijing Gas Blue Sky Holdings ranks #321 out of 508 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Beijing Gas Blue Sky Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Beijing Gas Blue Sky Holdings' Return-on-Tangible-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Beijing Gas Blue Sky Holdings ranks #321 out of 508 companies for Return-on-Tangible-Asset. This places Beijing Gas Blue Sky Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.38. Beijing Gas Blue Sky Holdings' value of 2.08% is 38.5% below this benchmark. While the company's 10-year median is 1.36 vs. the industry median of 3.38, Beijing Gas Blue Sky Holdings has consistently been below the industry average. 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 an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.38, based on 508 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. Beijing Gas Blue Sky Holdings's current Return-on-Tangible-Asset of 2.08% is 38.5% below 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 Beijing Gas Blue Sky Holdings and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijing Gas Blue Sky Holdings's current Return-on-Tangible-Asset is 2.08%, which is 53% above median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing Gas Blue Sky Holdings stock overvalued right now?
Beijing Gas Blue Sky Holdings (FRA:KO32) has a current Return-on-Tangible-Asset of 2.08%. The current Return-on-Tangible-Asset is 2.08%, which is 53% above median its 10-year median of 1.36 and 38.5% below the Utilities - Regulated industry median of 3.38. Beijing Gas Blue Sky Holdings' overall GF Score™ is 12/100 with 3 warning signs to review. 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 Beijing Gas Blue Sky Holdings (FRA:KO32), the current Return-on-Tangible-Asset is 2.08% as of Dec. 2025. 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.
Beijing Gas Blue Sky Holdings Ltd is engaged in distribution and sales of natural gas to residential, industrial and commercial users through pipelines, the sale of gas-related equipment and the provision of pipeline construction services, operation of compressed natural gas and liquefied natural gas, refueling stations for vehicles and related value-added service such as repair and maintenance services; trading and distribution of CNG, LNG, fuel oil and other related oil by-products as a wholesaler to industrial and commercial users, and direct LNG supply to industrial users through direct supply facilities; development and operation of integrated clean energy and new energy business. The group's operations are based in the PRC, including Hong Kong.
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