What is China Aoyuan Group 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 Aoyuan Group's annualizedNet Income for the quarter that ended in Dec. 2024 was HK$-47,569 Mil. China Aoyuan Group's average total tangible assets for the quarter that ended in Dec. 2024 was HK$186,078 Mil. Therefore, China Aoyuan Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -25.56%.
The historical rank and industry rank for China Aoyuan Group's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:03883'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.51 Med: 1.5 Max: 1.98
Current: 0.12
During the past 13 years, China Aoyuan Group's highest Return-on-Tangible-Asset was 1.98%. The lowest was -11.51%. And the median was 1.50%.
HKSE:03883's Return-on-Tangible-Asset is ranked worse than 64.8% of 1807
companies
in the Real Estate industry
Industry Median: 1.42
vs HKSE:03883: 0.12
China Aoyuan Group Return-on-Tangible-Asset Historical Data
The historical data trend for China Aoyuan Group'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 China Aoyuan Group's Return-on-Tangible-Asset
For the Real Estate - Development subindustry, China Aoyuan Group'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 Aoyuan Group's Return-on-Tangible-Asset Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, China Aoyuan Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Aoyuan Group'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 (Dec. 2024) net income data.
China Aoyuan Group (HKSE:03883) 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 Aoyuan Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China Aoyuan Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Aoyuan Group Ltd is principally engaged in the sales of properties. Along with its subsidiaries, it operates in the following reportable segments: Property development, which is engaged in the development and sale of properties; Property investment, which is engaged in the leasing of investment properties; and the Others segment, involved in hotel operations, provision of property management services, sales of goods and provision of services. A majority of its revenue is generated from the Property development segment. Geographically, the group derives maximum revenue from Mainland China, and the rest from Canada.
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