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Huaibei GreenGold Industry Investment Co (HKSE:02450) Return-on-Tangible-Asset : 0.00% (As of Jun. 2023)


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What is Huaibei GreenGold Industry Investment 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. Huaibei GreenGold Industry Investment Co's annualized Net Income for the quarter that ended in Jun. 2023 was HK$0.0 Mil. Huaibei GreenGold Industry Investment Co's average total tangible assets for the quarter that ended in Jun. 2023 was HK$2,475.1 Mil. Therefore, Huaibei GreenGold Industry Investment Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 was 0.00%.

The historical rank and industry rank for Huaibei GreenGold Industry Investment Co's Return-on-Tangible-Asset or its related term are showing as below:

HKSE:02450' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.69   Med: 9.3   Max: 17.13
Current: 1.69

During the past 5 years, Huaibei GreenGold Industry Investment Co's highest Return-on-Tangible-Asset was 17.13%. The lowest was 1.69%. And the median was 9.30%.

HKSE:02450's Return-on-Tangible-Asset is ranked worse than
62.72% of 389 companies
in the Building Materials industry
Industry Median: 3.37 vs HKSE:02450: 1.69

Huaibei GreenGold Industry Investment Co Return-on-Tangible-Asset Historical Data

The historical data trend for Huaibei GreenGold Industry Investment 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.

Huaibei GreenGold Industry Investment Co Return-on-Tangible-Asset Chart

Huaibei GreenGold Industry Investment Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
14.31 17.13 4.29 2.77 1.59

Huaibei GreenGold Industry Investment Co Quarterly Data
Dec19 Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Dec23
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only - 3.77 2.90 - -

Competitive Comparison of Huaibei GreenGold Industry Investment Co's Return-on-Tangible-Asset

For the Building Materials subindustry, Huaibei GreenGold Industry Investment 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.


Huaibei GreenGold Industry Investment Co's Return-on-Tangible-Asset Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Huaibei GreenGold Industry Investment Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Huaibei GreenGold Industry Investment Co's Return-on-Tangible-Asset falls into.



Huaibei GreenGold Industry Investment Co Return-on-Tangible-Asset Calculation

Huaibei GreenGold Industry Investment Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=75.278/( (2865.669+2560.238)/ 2 )
=75.278/2712.9535
=2.77 %

Huaibei GreenGold Industry Investment Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=0/( (2560.238+2390.056)/ 2 )
=0/2475.147
=0.00 %

* 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 four times the quarterly (Jun. 2023) net income data.


Huaibei GreenGold Industry Investment Co  (HKSE:02450) 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.


Huaibei GreenGold Industry Investment Co Return-on-Tangible-Asset Related Terms

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Huaibei GreenGold Industry Investment Co (HKSE:02450) Business Description

Traded in Other Exchanges
N/A
Address
No. 3 Taobo Road, 4th Floor, Shuangchuang Service Centre, Song Tuan Town, Lieshan District, Anhui Province, Huaibei, CHN
Huaibei GreenGold Industry Investment Co Ltd is a China-based company chiefly engaged in the production and sales of construction material products. The company's main products include aggregate products and concrete products. The aggregate products mainly include general materials, stone powder, 0.5-1 construction aggregate, 1-2 construction aggregate, and 1-3 construction aggregate. The concrete products mainly include ready-mixed concrete, cement-stabilized macadam, and asphalt concrete.
Executives
Huatai Securities Co., Ltd. 2201 Interest of corporation controlled by you
Chu David 2101 Beneficial owner

Huaibei GreenGold Industry Investment Co (HKSE:02450) Headlines

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