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. FIT Hon Teng's annualizedNet Income for the quarter that ended in Dec. 2023 was HK$2,154 Mil. FIT Hon Teng's average total tangible assets for the quarter that ended in Dec. 2023 was HK$32,694 Mil. Therefore, FIT Hon Teng's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 6.59%.
The historical rank and industry rank for FIT Hon Teng's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:06088'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.13 Med: 5.21 Max: 7.05
Current: 3.15
During the past 8 years, FIT Hon Teng's highest Return-on-Tangible-Asset was 7.05%. The lowest was 1.13%. And the median was 5.21%.
HKSE:06088's Return-on-Tangible-Asset is ranked better than 55.34% of 2483
companies
in the Hardware industry
Industry Median: 2.39
vs HKSE:06088: 3.15
FIT Hon Teng Return-on-Tangible-Asset Historical Data
The historical data trend for FIT Hon Teng'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 FIT Hon Teng's Return-on-Tangible-Asset
For the Electronic Components subindustry, FIT Hon Teng'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.
FIT Hon Teng's Return-on-Tangible-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, FIT Hon Teng's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where FIT Hon Teng's Return-on-Tangible-Asset falls into.
FIT Hon Teng Return-on-Tangible-Asset Calculation
FIT Hon Teng'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.
FIT Hon Teng (HKSE:06088) 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.
FIT Hon Teng Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of FIT Hon Teng's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
FIT Hon Teng Ltd is a manufacturer of electronic components. It focuses on the development, manufacturing, and marketing of electronic and optoelectronic connectors, antennas, acoustic components, cables, and modules for applications in computers, communication equipment, consumer electronics, automobiles, and industrial and green energy field products. Geographically, the group has a business presence in the U.S., the PRC, Taiwan, Hong Kong, the United Kingdom, Singapore, Malaysia, and other countries, of which a majority of revenue is derived from the U.S. Its operating segments are Intermediate products and Consumer products.
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