What is Robosense Technology 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. Robosense Technology Co's annualizedNet Income for the quarter that ended in Dec. 2024 was HK$-557 Mil. Robosense Technology Co's average total tangible assets for the quarter that ended in Dec. 2024 was HK$4,299 Mil. Therefore, Robosense Technology Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -12.96%.
The historical rank and industry rank for Robosense Technology Co's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:02498'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -161.98 Med: -79.65 Max: -12.85
Current: -12.85
During the past 5 years, Robosense Technology Co's highest Return-on-Tangible-Asset was -12.85%. The lowest was -161.98%. And the median was -79.65%.
HKSE:02498's Return-on-Tangible-Asset is ranked worse than 86.71% of 2453
companies
in the Hardware industry
Industry Median: 2.5
vs HKSE:02498: -12.85
Robosense Technology Co Return-on-Tangible-Asset Historical Data
The historical data trend for Robosense Technology 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.
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Robosense Technology Co Return-on-Tangible-Asset Chart
Competitive Comparison of Robosense Technology Co's Return-on-Tangible-Asset
For the Computer Hardware subindustry, Robosense Technology 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.
Robosense Technology Co's Return-on-Tangible-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Robosense Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Robosense Technology 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 four times the quarterly (Dec. 2024) net income data.
Robosense Technology Co (HKSE:02498) 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.
Robosense Technology Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Robosense Technology Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Robosense Technology Co Ltd is a company whose business is focused on full-stack systems incorporate LiDAR sensors, proprietary system on a chip and cutting-edge perception software. By integrating hardware and software, companies have differentiated themselves from LiDAR companies in the market who only focus on hardware. Combined with visual or other sensors, LiDAR forms perception solutions that endow automobiles and robots with perception capabilities. Comapny develop its solutions based on chipdriven LiDAR hardware and AI perception software, expanding application scenarios and realizing large-scale commercialization in the industry.
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