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. CTR Holdings's annualizedNet Income for the quarter that ended in Aug. 2023 was HK$32.4 Mil. CTR Holdings's average total tangible assets for the quarter that ended in Aug. 2023 was HK$469.1 Mil. Therefore, CTR Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Aug. 2023 was 6.90%.
The historical rank and industry rank for CTR Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:01416'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.12 Med: 15.72 Max: 18.06
Current: 9.77
During the past 7 years, CTR Holdings's highest Return-on-Tangible-Asset was 18.06%. The lowest was -6.12%. And the median was 15.72%.
HKSE:01416's Return-on-Tangible-Asset is ranked better than 85.1% of 1664
companies
in the Construction industry
Industry Median: 2.75
vs HKSE:01416: 9.77
CTR Holdings Return-on-Tangible-Asset Historical Data
The historical data trend for CTR Holdings'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 CTR Holdings's Return-on-Tangible-Asset
For the Engineering & Construction subindustry, CTR Holdings'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.
CTR Holdings's Return-on-Tangible-Asset Distribution in the Construction Industry
For the Construction industry and Industrials sector, CTR Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CTR Holdings's Return-on-Tangible-Asset falls into.
CTR Holdings Return-on-Tangible-Asset Calculation
CTR Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Feb. 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 (Aug. 2023) net income data.
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.
CTR Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of CTR Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
CTR Holdings Ltd is an investment holding company. The company focuses on the provision of structural engineering works and wet architectural works services. The company generates maximum revenue from Structural engineering works. Geographically, the company derives revenue from Singapore. The Structural engineering works services of the company include reinforced concrete works which include steel reinforcement works, formwork erection and concrete works, and Precast installation works while the Wet architectural works services include Masonry building works; Plastering and screeding works; Tiling works and Waterproofing works.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01416 has been successfully added to your 