The historical rank and industry rank for Grandshores Technology Group's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:01647'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.16 Med: 6.7 Max: 18.77
Current: 1.13
During the past 11 years, Grandshores Technology Group's highest Return-on-Tangible-Asset was 18.77%. The lowest was -9.16%. And the median was 6.70%.
HKSE:01647's Return-on-Tangible-Asset is ranked worse than 64.9% of 1732
companies
in the Construction industry
Industry Median: 2.78
vs HKSE:01647: 1.13
Grandshores Technology Group 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.
* Premium members only.
Grandshores Technology Group Return-on-Tangible-Asset Chart
Competitive Comparison of Grandshores Technology Group's Return-on-Tangible-Asset
For the Engineering & Construction subindustry, Grandshores Technology 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.
Grandshores Technology Group's Return-on-Tangible-Asset Distribution in the Construction Industry
For the Construction industry and Industrials sector, Grandshores Technology Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Grandshores Technology Group's Return-on-Tangible-Asset falls into.
Grandshores Technology Group Return-on-Tangible-Asset Calculation
Grandshores Technology Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2024 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 (Sep. 2024) net income data.
Grandshores Technology Group (HKSE:01647) 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.
Grandshores Technology Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Grandshores Technology Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Grandshores Technology Group Ltd is an investment holding company. Along with its subsidiaries, the company provides integrated building services, with a focus on maintenance and/or installations of mechanical and electrical systems including minor repairs and improvement works, and undertaking building and construction works in Singapore. The group's operating segments are Integrated Building Services; Building Construction Works and Information Technology Development and Application, of which the majority of its revenue source is from the Integrated Building Services segment. It has a business presence in Singapore and China.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01647 has been successfully added to your 