What is China New Energy 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. China New Energy's annualizedNet Income for the quarter that ended in Dec. 2024 was HK$-121.15 Mil. China New Energy's average total tangible assets for the quarter that ended in Dec. 2024 was HK$291.62 Mil. Therefore, China New Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -41.54%.
The historical rank and industry rank for China New Energy's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:01156'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -32.42 Med: 2.33 Max: 29.38
Current: -20.7
During the past 13 years, China New Energy's highest Return-on-Tangible-Asset was 29.38%. The lowest was -32.42%. And the median was 2.33%.
HKSE:01156's Return-on-Tangible-Asset is ranked worse than 85.61% of 1063
companies
in the Oil & Gas industry
Industry Median: 2.1
vs HKSE:01156: -20.70
China New Energy Return-on-Tangible-Asset Historical Data
The historical data trend for China New Energy'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.
Competitive Comparison of China New Energy's Return-on-Tangible-Asset
For the Oil & Gas Equipment & Services subindustry, China New Energy'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.
China New Energy's Return-on-Tangible-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, China New Energy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China New Energy'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 (Dec. 2024) net income data.
China New Energy (HKSE:01156) 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.
China New Energy Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China New Energy's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China New Energy Ltd is a provider of bioenergy technology solutions. The Group is engaged in the provision of ethanol production system technology integrated services in the ethanol fuel and alcoholic beverage industries The company offers technology services to two industries: Ethanol fuel construction services and Alcoholic beverage construction services. It generates maximum revenue from the Ethanol fuel construction services streams. Geographically, it derives a majority of its revenue from the PRC and also has a presence in Indonesia, Russia, Myanmar and Other Countries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01156 has been successfully added to your 