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. Sinomax Group's annualizedNet Income for the quarter that ended in Dec. 2024 was HK$152 Mil. Sinomax Group's average total tangible assets for the quarter that ended in Dec. 2024 was HK$2,499 Mil. Therefore, Sinomax Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 6.08%.
The historical rank and industry rank for Sinomax Group's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:01418'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.58 Med: 2.01 Max: 10.07
Current: 5.61
During the past 12 years, Sinomax Group's highest Return-on-Tangible-Asset was 10.07%. The lowest was -8.58%. And the median was 2.01%.
HKSE:01418's Return-on-Tangible-Asset is ranked better than 66.59% of 437
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.95
vs HKSE:01418: 5.61
Sinomax Group Return-on-Tangible-Asset Historical Data
The historical data trend for Sinomax Group'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 Sinomax Group's Return-on-Tangible-Asset
For the Furnishings, Fixtures & Appliances subindustry, Sinomax Group'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.
Sinomax Group's Return-on-Tangible-Asset Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sinomax Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Sinomax Group'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.
Sinomax Group (HKSE:01418) 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.
Sinomax Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Sinomax Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Sinomax Group Ltd is an investment holding company and is engaged in the manufacturing and marketing of visco-elastic health and wellness products globally. It focuses on the business of manufacture and sale of health and household products including visco-elastic pillows, mattress toppers and mattresses, and polyurethane foam, of which a majority of the revenue is generated from health and household products. Its operating segment consists of the China market, the North American market, Europe and another overseas market, and the majority of the revenue comes from the China market. Its own brands are Sinomax, Dream Serenity, Zeopedic, Homedics and others.
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