What is China Ting Group 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. China Ting Group Holdings's annualizedNet Income for the quarter that ended in Dec. 2023 was HK$-540 Mil. China Ting Group Holdings's average total tangible assets for the quarter that ended in Dec. 2023 was HK$3,438 Mil. Therefore, China Ting Group Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -15.69%.
The historical rank and industry rank for China Ting Group Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:03398'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.3 Med: -1.33 Max: 4.58
Current: -10.3
During the past 13 years, China Ting Group Holdings's highest Return-on-Tangible-Asset was 4.58%. The lowest was -10.30%. And the median was -1.33%.
HKSE:03398's Return-on-Tangible-Asset is ranked worse than 89.75% of 1083
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.98
vs HKSE:03398: -10.30
China Ting Group Holdings Return-on-Tangible-Asset Historical Data
The historical data trend for China Ting Group 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.
* Premium members only.
China Ting Group Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of China Ting Group Holdings's Return-on-Tangible-Asset
For the Apparel Manufacturing subindustry, China Ting Group 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.
China Ting Group Holdings's Return-on-Tangible-Asset Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Ting Group Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Ting Group Holdings's Return-on-Tangible-Asset falls into.
China Ting Group Holdings Return-on-Tangible-Asset Calculation
China Ting Group Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* 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. 2023) net income data.
China Ting Group Holdings (HKSE:03398) 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.
China Ting Group Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China Ting Group Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Ting Group Holdings (HKSE:03398) Business Description
China Ting Group Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm is engaged in garment manufacturing for export and retailing branded fashion apparel in Mainland China. It operates in three reportable segments including manufacturing and sale of garments on an original equipment manufacturer (OEM), manufacturing and retailing of branded fashion apparel (Retail), and property investment. It derives the majority of its revenue from the OEM segment. Geographically, it derives a majority of its revenue from the PRC and also has an operation in North America, European Union, Hong Kong, and Other countries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:03398 has been successfully added to your 