The historical rank and industry rank for China Success Finance Group Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:03623'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.86 Med: -2.2 Max: 3.59
Current: -4.85
During the past 12 years, China Success Finance Group Holdings's highest Return-on-Tangible-Asset was 3.59%. The lowest was -20.86%. And the median was -2.20%.
HKSE:03623's Return-on-Tangible-Asset is ranked worse than 58.9% of 601
companies
in the Diversified Financial Services industry
Industry Median: -0.84
vs HKSE:03623: -4.85
China Success Finance Group Holdings 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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China Success Finance Group Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of China Success Finance Group Holdings's Return-on-Tangible-Asset
For the Financial Conglomerates subindustry, China Success Finance 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 Success Finance Group Holdings's Return-on-Tangible-Asset Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, China Success Finance Group Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Success Finance Group Holdings's Return-on-Tangible-Asset falls into.
China Success Finance Group Holdings Return-on-Tangible-Asset Calculation
* 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 Success Finance Group Holdings (HKSE:03623) 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 Success Finance Group Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China Success Finance Group Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Success Finance Group Holdings (HKSE:03623) Business Description
China Success Finance Group Holdings Ltd is an investment holding company. It is a guaranteed service provider offering financial and non-financial guarantee services, financial leasing, and financial consultancy services in China. The company's diversified business lines include asset management, fund management, investment and mergers and acquisitions, financial leasing, financing guarantee, overseas investment Capital, real estate finance, and microfinance The group operates two business segments: Financial services and Yangmianshan. The main business of Yangmianshan is sales of market hogs in the PRC business. The business operations of the company are carried out principally in the PRC.
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