The historical rank and industry rank for New Universe Environmental Group's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:00436'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.41 Med: 4.96 Max: 7.11
Current: -2.41
During the past 13 years, New Universe Environmental Group's highest Return-on-Tangible-Asset was 7.11%. The lowest was -2.41%. And the median was 4.96%.
HKSE:00436's Return-on-Tangible-Asset is ranked worse than 72.02% of 243
companies
in the Waste Management industry
Industry Median: 2.67
vs HKSE:00436: -2.41
New Universe Environmental Group 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.
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New Universe Environmental Group Return-on-Tangible-Asset Chart
Competitive Comparison of New Universe Environmental Group's Return-on-Tangible-Asset
For the Waste Management subindustry, New Universe Environmental 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.
New Universe Environmental Group's Return-on-Tangible-Asset Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, New Universe Environmental Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where New Universe Environmental Group's Return-on-Tangible-Asset falls into.
New Universe Environmental Group Return-on-Tangible-Asset Calculation
New Universe Environmental Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* 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. 2023) net income data.
New Universe Environmental Group (HKSE:00436) 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.
New Universe Environmental Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of New Universe Environmental Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
New Universe Environmental Group (HKSE:00436) Business Description
New Universe Environmental Group Ltd is engaged in providing hazardous waste treatment services. It operates in four segments: Provision of industrial and medical waste treatment and disposal services; provision of environmental plating sewage treatment services and provision of related facilities and utilities in an eco-plating specialized zone (including industrial sewage treatment services, providing related utilities and management services, and providing factory facilities); provision of environmental equipment construction and installation services, investments in plastic materials dyeing operations. It mainly functions in China and earns the majority of its revenue from the Environmental waste treatment services segment.
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