The historical rank and industry rank for Tsit Wing International Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:02119'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.55 Med: 8.92 Max: 11.09
Current: 8.47
During the past 13 years, Tsit Wing International Holdings's highest Return-on-Tangible-Asset was 11.09%. The lowest was 2.55%. And the median was 8.92%.
HKSE:02119's Return-on-Tangible-Asset is ranked better than 54.87% of 113
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 7.29
vs HKSE:02119: 8.47
Tsit Wing International Holdings 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.
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Tsit Wing International Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of Tsit Wing International Holdings's Return-on-Tangible-Asset
For the Beverages - Non-Alcoholic subindustry, Tsit Wing International 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.
Tsit Wing International Holdings's Return-on-Tangible-Asset Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Tsit Wing International Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tsit Wing International Holdings'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.
Tsit Wing International Holdings (HKSE:02119) 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.
Tsit Wing International Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Tsit Wing International Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Tsit Wing International Holdings Business Description
Tsit Wing International Holdings Ltd is an investment holding company engaged in the business of coffee, tea, frozen foods, and coffee & tea machines through its subsidiaries. The group generates the majority of its revenue from Sales of coffee, tea, and other related complementary products and processing services. The group also generates revenue from the provision of coffee and tea machine solutions, and Sales of frozen food. Geographically, the group generates the majority of its revenue from Hong Kong, followed by Mainland China.
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