What is Kato (Hong Kong) Holdings 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. Kato (Hong Kong) Holdings's annualizedNet Income for the quarter that ended in Sep. 2024 was HK$51.3 Mil. Kato (Hong Kong) Holdings's average total tangible assets for the quarter that ended in Sep. 2024 was HK$851.1 Mil. Therefore, Kato (Hong Kong) Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 6.03%.
The historical rank and industry rank for Kato (Hong Kong) Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:02189'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.22 Med: 22.62 Max: 60.88
Current: 8.74
During the past 9 years, Kato (Hong Kong) Holdings's highest Return-on-Tangible-Asset was 60.88%. The lowest was 8.22%. And the median was 22.62%.
HKSE:02189's Return-on-Tangible-Asset is ranked better than 79.07% of 688
companies
in the Healthcare Providers & Services industry
Industry Median: 1.67
vs HKSE:02189: 8.74
Kato (Hong Kong) Holdings Return-on-Tangible-Asset Historical Data
The historical data trend for Kato (Hong Kong) Holdings'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.
Competitive Comparison of Kato (Hong Kong) Holdings's Return-on-Tangible-Asset
For the Medical Care Facilities subindustry, Kato (Hong Kong) 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.
Kato (Hong Kong) Holdings's Return-on-Tangible-Asset Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Kato (Hong Kong) Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kato (Hong Kong) 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 (Sep. 2024) net income data.
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.
Kato (Hong Kong) Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Kato (Hong Kong) Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Kato (Hong Kong) Holdings Ltd is an established operator of residential care homes and daycare services for the elderly in Hong Kong. The company offers a wide range of residential care services for the elderly including; the provision of accommodation, professional nursing and care-taking services, nutritional management, medical services, physiotherapy and occupational therapy services, individual care plans and recreational services; and the sale of healthcare and medical goods and the provision of add-on healthcare services to residents.
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