What is IWS 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. IWS Group Holdings's annualizedNet Income for the quarter that ended in Sep. 2024 was HK$10.7 Mil. IWS Group Holdings's average total tangible assets for the quarter that ended in Sep. 2024 was HK$257.4 Mil. Therefore, IWS Group Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 4.16%.
The historical rank and industry rank for IWS Group Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:06663'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.34 Med: 20.24 Max: 28.67
Current: 3.34
During the past 8 years, IWS Group Holdings's highest Return-on-Tangible-Asset was 28.67%. The lowest was 3.34%. And the median was 20.24%.
HKSE:06663's Return-on-Tangible-Asset is ranked worse than 52.73% of 1081
companies
in the Business Services industry
Industry Median: 3.65
vs HKSE:06663: 3.34
IWS Group Holdings Return-on-Tangible-Asset Historical Data
The historical data trend for IWS 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.
Competitive Comparison of IWS Group Holdings's Return-on-Tangible-Asset
For the Security & Protection Services subindustry, IWS 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.
IWS Group Holdings's Return-on-Tangible-Asset Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, IWS Group Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where IWS Group Holdings'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 (Sep. 2024) net income data.
IWS Group Holdings (HKSE:06663) 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.
IWS Group Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of IWS Group Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
IWS Group Holdings Ltd is engaged in the provision of security services and facility management services in Hong Kong. It operates through two segments. The Security Services segment that derives the majority of revenue provides security service personnel mainly for general manned guarding, manpower support to the event and crisis security at railway stations and facilities, sea, land and railway immigration control points, public amenities, private commercial, residential and other properties. The Facility Management Services segment engages in the provision of property management services, car park management services, cleaning services, hotel management services, rental of car parks, and sub-leasing of car parks.
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