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. New Media Lab's annualizedNet Income for the quarter that ended in Jun. 2024 was HK$14.0 Mil. New Media Lab's average total tangible assets for the quarter that ended in Jun. 2024 was HK$287.7 Mil. Therefore, New Media Lab's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 4.88%.
The historical rank and industry rank for New Media Lab's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:01284'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.07 Med: 19.53 Max: 33.91
Current: 7.42
During the past 4 years, New Media Lab's highest Return-on-Tangible-Asset was 33.91%. The lowest was 6.07%. And the median was 19.53%.
HKSE:01284's Return-on-Tangible-Asset is ranked better than 80.06% of 1048
companies
in the Media - Diversified industry
Industry Median: 0.58
vs HKSE:01284: 7.42
New Media Lab Return-on-Tangible-Asset Historical Data
The historical data trend for New Media Lab'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 New Media Lab's Return-on-Tangible-Asset
For the Advertising Agencies subindustry, New Media Lab'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 Media Lab's Return-on-Tangible-Asset Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, New Media Lab's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where New Media Lab's Return-on-Tangible-Asset falls into.
New Media Lab Return-on-Tangible-Asset Calculation
New Media Lab'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 (Jun. 2024) net income data.
New Media Lab (HKSE:01284) 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 Media Lab Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of New Media Lab's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
New Media Lab Ltd is a digital media company, providing integrated advertising solutions to advertisers ranging from multi-national brand owners, and advertising agencies to SMEs through its Digital Media Platforms. The company produces and distributes content on diverse areas of interest under its different and popular media brands.
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