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China ITS (Holdings) Co (HKSE:01900) Return-on-Tangible-Asset : 5.97% (As of Dec. 2023)


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What is China ITS (Holdings) 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 ITS (Holdings) Co's annualized Net Income for the quarter that ended in Dec. 2023 was HK$179.6 Mil. China ITS (Holdings) Co's average total tangible assets for the quarter that ended in Dec. 2023 was HK$3,008.9 Mil. Therefore, China ITS (Holdings) Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 5.97%.

The historical rank and industry rank for China ITS (Holdings) Co's Return-on-Tangible-Asset or its related term are showing as below:

HKSE:01900' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.22   Med: -0.4   Max: 5.04
Current: 5.04

During the past 13 years, China ITS (Holdings) Co's highest Return-on-Tangible-Asset was 5.04%. The lowest was -5.22%. And the median was -0.40%.

HKSE:01900's Return-on-Tangible-Asset is ranked better than
62.78% of 2824 companies
in the Software industry
Industry Median: 1.295 vs HKSE:01900: 5.04

China ITS (Holdings) Co Return-on-Tangible-Asset Historical Data

The historical data trend for China ITS (Holdings) 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 ITS (Holdings) Co Return-on-Tangible-Asset Chart

China ITS (Holdings) 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 -1.34 -5.22 2.43 1.67 4.96

China ITS (Holdings) Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 3.10 -0.40 3.89 4.16 5.97

Competitive Comparison of China ITS (Holdings) Co's Return-on-Tangible-Asset

For the Information Technology Services subindustry, China ITS (Holdings) 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 ITS (Holdings) Co's Return-on-Tangible-Asset Distribution in the Software Industry

For the Software industry and Technology sector, China ITS (Holdings) Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where China ITS (Holdings) Co's Return-on-Tangible-Asset falls into.



China ITS (Holdings) Co Return-on-Tangible-Asset Calculation

China ITS (Holdings) 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 )
=150.063/( (2915.919+3132.696)/ 2 )
=150.063/3024.3075
=4.96 %

China ITS (Holdings) Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=179.578/( (2885.061+3132.696)/ 2 )
=179.578/3008.8785
=5.97 %

* 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. 2023) net income data.


China ITS (Holdings) Co  (HKSE:01900) 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 ITS (Holdings) Co Return-on-Tangible-Asset Related Terms

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


China ITS (Holdings) Co (HKSE:01900) Business Description

Traded in Other Exchanges
N/A
Address
Jiuxianqiao North Road, Building 204, No. A10, Chaoyang District, Beijing, CHN, 100015
China ITS (Holdings) Co Ltd and its subsidiaries are mainly a provider of products, specialized solutions, and services related to infrastructure technology in the railway and electric power sectors. The operating business segments are Railway business which is engaged in the provision of products and specialized solutions mainly including railway communication products and energy-base products. The Electric power business segment is engaged in the provision of products and specialized solutions related to electric power equipment for customers in the electric power infrastructure construction area. Geographically, the company operates in China and Myanmar.
Executives
Jiang Hailin 2201 Interest of corporation controlled by you
Liao Jie 2101 Beneficial owner
China Its Co., Ltd. 2101 Beneficial owner
Central Huijin Investment Ltd. 2106 Person having a security interest in shares
China Construction Bank Corporation 2106 Person having a security interest in shares
Joyful Business Holdings Limited 2101 Beneficial owner
Best Partners Development Limited 2501 Other
Credit Suisse Trust Limited 2301 Trustee
Fino Investments Limited 2201 Interest of corporation controlled by you
Tesco Investments Limited 2201 Interest of corporation controlled by you

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