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China Datang Renewable Power Co (HKSE:01798) Return-on-Tangible-Asset : 3.42% (As of Jun. 2024)


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What is China Datang Renewable Power Co 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 Datang Renewable Power Co's annualized Net Income for the quarter that ended in Jun. 2024 was HK$3,801 Mil. China Datang Renewable Power Co's average total tangible assets for the quarter that ended in Jun. 2024 was HK$111,252 Mil. Therefore, China Datang Renewable Power Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 3.42%.

The historical rank and industry rank for China Datang Renewable Power Co's Return-on-Tangible-Asset or its related term are showing as below:

HKSE:01798' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.26   Med: 1.34   Max: 3.42
Current: 2.38

During the past 13 years, China Datang Renewable Power Co's highest Return-on-Tangible-Asset was 3.42%. The lowest was -0.26%. And the median was 1.34%.

HKSE:01798's Return-on-Tangible-Asset is ranked better than
52.04% of 442 companies
in the Utilities - Independent Power Producers industry
Industry Median: 2.06 vs HKSE:01798: 2.38

China Datang Renewable Power Co Return-on-Tangible-Asset Historical Data

The historical data trend for China Datang Renewable Power Co'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.

* Premium members only.

China Datang Renewable Power Co Return-on-Tangible-Asset Chart

China Datang Renewable Power Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.22 1.46 2.21 3.42 2.78

China Datang Renewable Power Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.13 2.96 4.27 1.33 3.42

Competitive Comparison of China Datang Renewable Power Co's Return-on-Tangible-Asset

For the Utilities - Renewable subindustry, China Datang Renewable Power Co'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 Datang Renewable Power Co's Return-on-Tangible-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Datang Renewable Power Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where China Datang Renewable Power Co's Return-on-Tangible-Asset falls into.



China Datang Renewable Power Co Return-on-Tangible-Asset Calculation

China Datang Renewable Power Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=3011.422/( (107339.196+109359.046)/ 2 )
=3011.422/108349.121
=2.78 %

China Datang Renewable Power Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=3801.17/( (109359.046+113145.894)/ 2 )
=3801.17/111252.47
=3.42 %

* 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.


China Datang Renewable Power Co  (HKSE:01798) 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 company’s 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 company’s 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 Datang Renewable Power Co Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of China Datang Renewable Power Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


China Datang Renewable Power Co Business Description

Traded in Other Exchanges
Address
No. 1 Caishikou Street, 8/F, Building 1, Xicheng District, Beijing, CHN, 100053
Datang Renewable is one of China's leading wind power operators, with installed wind capacity of 13.0 gigawatts as of the end of 2023, representing 2.9% of the nationwide wind capacity. About 84.2% of the total installed capacity is wind power. The company also operates solar power plants on a smaller scale. China Datang Group is the major shareholder with a controlling stake of more than 60%.
Executives
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si 2102 Investment manager
Blackrock, Inc. 2201 Interest of corporation controlled by you
Alliancebernstein L.p. 2201 Interest of corporation controlled by you
Bao-trans Enterprises Limited 2101 Beneficial owner
Bao Shan Gang Tie Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you

China Datang Renewable Power Co Headlines

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