The historical rank and industry rank for Gemdale Properties and Investment's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:00535'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.37 Med: 4.63 Max: 7.04
Current: 0.37
During the past 13 years, Gemdale Properties and Investment's highest Return-on-Tangible-Asset was 7.04%. The lowest was 0.37%. And the median was 4.63%.
HKSE:00535's Return-on-Tangible-Asset is ranked worse than 57.79% of 1824
companies
in the Real Estate industry
Industry Median: 1.05
vs HKSE:00535: 0.37
Gemdale Properties and Investment 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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Gemdale Properties and Investment Return-on-Tangible-Asset Chart
Competitive Comparison of Gemdale Properties and Investment's Return-on-Tangible-Asset
For the Real Estate - Development subindustry, Gemdale Properties and Investment'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.
Gemdale Properties and Investment's Return-on-Tangible-Asset Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Gemdale Properties and Investment's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Gemdale Properties and Investment's Return-on-Tangible-Asset falls into.
Gemdale Properties and Investment Return-on-Tangible-Asset Calculation
Gemdale Properties and Investment'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.
Gemdale Properties and Investment (HKSE:00535) 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.
Gemdale Properties and Investment Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Gemdale Properties and Investment's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Gemdale Properties and Investment (HKSE:00535) Business Description
Gemdale Properties and Investment Corp Ltd is an investment holding company that operates through four segments. The property development segment, which produces the company's revenue, develops and sells residential and commercial properties. The property investment and management segment invests and manages business parks and commercial properties. In the microfinance segment, Gemdale provides financial services to potential property buyers and small businesses. The corporate segment provides corporate management services to residential, commercial, and business park projects. The company generates almost all of its revenue from Mainland China.
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