The historical rank and industry rank for Global Bio-chem Technology Group Co's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:00809'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -30.7 Med: -14.27 Max: 76.44
Current: 76.08
During the past 13 years, Global Bio-chem Technology Group Co's highest Return-on-Tangible-Asset was 76.44%. The lowest was -30.70%. And the median was -14.27%.
HKSE:00809's Return-on-Tangible-Asset is ranked better than 99.58% of 1909
companies
in the Consumer Packaged Goods industry
Industry Median: 3.3
vs HKSE:00809: 76.08
Global Bio-chem Technology Group Co 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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Global Bio-chem Technology Group Co Return-on-Tangible-Asset Chart
Competitive Comparison of Global Bio-chem Technology Group Co's Return-on-Tangible-Asset
For the Packaged Foods subindustry, Global Bio-chem Technology Group 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.
Global Bio-chem Technology Group Co's Return-on-Tangible-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Global Bio-chem Technology Group Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Global Bio-chem Technology Group Co's Return-on-Tangible-Asset falls into.
Global Bio-chem Technology Group Co Return-on-Tangible-Asset Calculation
* 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.
Global Bio-chem Technology Group Co (HKSE:00809) 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.
Global Bio-chem Technology Group Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Global Bio-chem Technology Group Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Bio-chem Technology Group Co (HKSE:00809) Business Description
Global Bio-chem Technology Group Co Ltd manufactures and sells corn-refined products and corn-based biochemical products. Its segments are the Upstream Products segment engages in the manufacture and sale of corn starch, gluten meal, corn oil, and other corn refined products; the Amino Acids segment engages in the manufacture and sale of corn-based biochemical products, including lysine and threonine; the Corn Sweeteners segment engages in the manufacture and sale of corn-based sweetener products, including glucose, maltose, high fructose corn syrup, crystallized glucose, and maltodextrin; the Polyol Chemicals segment engages in the manufacture and sale of corn-based biochemical products, including polyol chemicals, anti-freeze products, hydrogen, and ammonia.
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