What is Xinhua News Media 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. Xinhua News Media Holdings's annualizedNet Income for the quarter that ended in Sep. 2024 was HK$-7.1 Mil. Xinhua News Media Holdings's average total tangible assets for the quarter that ended in Sep. 2024 was HK$162.7 Mil. Therefore, Xinhua News Media Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was -4.36%.
The historical rank and industry rank for Xinhua News Media Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:00309'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -32.95 Med: -9.13 Max: 11.64
Current: -5.29
During the past 13 years, Xinhua News Media Holdings's highest Return-on-Tangible-Asset was 11.64%. The lowest was -32.95%. And the median was -9.13%.
HKSE:00309's Return-on-Tangible-Asset is ranked worse than 80.94% of 1081
companies
in the Business Services industry
Industry Median: 3.65
vs HKSE:00309: -5.29
Xinhua News Media 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.
* Premium members only.
Xinhua News Media Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of Xinhua News Media Holdings's Return-on-Tangible-Asset
For the Specialty Business Services subindustry, Xinhua News Media 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.
Xinhua News Media Holdings's Return-on-Tangible-Asset Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Xinhua News Media Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Xinhua News Media 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 (Sep. 2024) net income data.
Xinhua News Media Holdings (HKSE:00309) 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.
Xinhua News Media Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Xinhua News Media Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Xinhua News Media Holdings Ltd is engaged in the business of the provision of cleaning and related services and the provision of medical waste treatment services. It has operating segments as follows: Cleaning and Related Services segment engages in the provision of cleaning and related services; Advertising media business segment engages in the provision of media strategy; Waste Treatment business segment engages in the provision of organic waste treatment. The group operates in Hong Kong and China, of which prime revenue is derived from Hong Kong.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:00309 has been successfully added to your 