What is Irico Group New Energy 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. Irico Group New Energy Co's annualizedNet Income for the quarter that ended in Dec. 2023 was HK$-183 Mil. Irico Group New Energy Co's average total tangible assets for the quarter that ended in Dec. 2023 was HK$8,530 Mil. Therefore, Irico Group New Energy Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -2.14%.
The historical rank and industry rank for Irico Group New Energy Co's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:00438'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.36 Med: 2.14 Max: 10.78
Current: -3.16
During the past 13 years, Irico Group New Energy Co's highest Return-on-Tangible-Asset was 10.78%. The lowest was -8.36%. And the median was 2.14%.
HKSE:00438's Return-on-Tangible-Asset is ranked worse than 73.3% of 1000
companies
in the Semiconductors industry
Industry Median: 2.545
vs HKSE:00438: -3.16
Irico Group New Energy Co Return-on-Tangible-Asset Historical Data
The historical data trend for Irico Group New Energy 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.
Irico Group New Energy Co Return-on-Tangible-Asset Chart
Competitive Comparison of Irico Group New Energy Co's Return-on-Tangible-Asset
For the Solar subindustry, Irico Group New Energy 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.
Irico Group New Energy Co's Return-on-Tangible-Asset Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Irico Group New Energy Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Irico Group New Energy Co's Return-on-Tangible-Asset falls into.
Irico Group New Energy Co Return-on-Tangible-Asset Calculation
Irico Group New Energy Co'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.
Irico Group New Energy Co (HKSE:00438) 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.
Irico Group New Energy Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Irico Group New Energy Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Irico Group New Energy Co (HKSE:00438) Business Description
Irico Group New Energy Co Ltd is mainly engaged in the solar photovoltaic business. It operates through the following segments: Solar photovoltaic & module business segment, and Others. The majority of its revenue is derived from Solar Photovoltaic, which includes Solar photovoltaic glass, Solar photovoltaic modules, Solar photovoltaic power stations, and Quartz sand business. Its geographical segments are China (excluding Hong Kong), Hong Kong, and Other countries, of which the majority of its revenue comes from China.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:00438 has been successfully added to your 