The historical rank and industry rank for Wenzhou Kangning Hospital Co's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:02120'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.08 Med: 3.27 Max: 7.54
Current: 2.54
During the past 11 years, Wenzhou Kangning Hospital Co's highest Return-on-Tangible-Asset was 7.54%. The lowest was -1.08%. And the median was 3.27%.
HKSE:02120's Return-on-Tangible-Asset is ranked better than 55.51% of 690
companies
in the Healthcare Providers & Services industry
Industry Median: 1.64
vs HKSE:02120: 2.54
Wenzhou Kangning Hospital Co 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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Wenzhou Kangning Hospital Co Return-on-Tangible-Asset Chart
Competitive Comparison of Wenzhou Kangning Hospital Co's Return-on-Tangible-Asset
For the Medical Care Facilities subindustry, Wenzhou Kangning Hospital 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.
Wenzhou Kangning Hospital Co's Return-on-Tangible-Asset Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Wenzhou Kangning Hospital Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Wenzhou Kangning Hospital Co'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.
Wenzhou Kangning Hospital Co (HKSE:02120) 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.
Wenzhou Kangning Hospital Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Wenzhou Kangning Hospital Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Wenzhou Kangning Hospital Co Ltd is engaged in operating and managing a network of healthcare facilities that focus on providing psychiatric specialty care and elderly rehabilitation services across various regions in China. The company operates only in one reporting segment. The Group generates revenue mainly through the following three ways: revenue from operating its owned hospitals; revenue from other healthcare-related business, and other revenue not related to healthcare business. Under operating owned hospitals, the company generates the majority of its revenue from the psychiatric healthcare business.
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