HKSE:06893'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.65 Med: -0.82 Max: 5.79
Current: -7.65
During the past 11 years, Hinng Group (International) Holding Co's highest Return-on-Tangible-Asset was 5.79%. The lowest was -7.65%. And the median was -0.82%.
HKSE:06893's Return-on-Tangible-Asset is ranked worse than 86.4% of 1934
companies
in the Consumer Packaged Goods industry
Industry Median: 3.64
vs HKSE:06893: -7.65
Hinng Group (International) Holding Co 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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Hinng Group (International) Holding Co Return-on-Tangible-Asset Chart
Hinng Group (International) Holding Co Annual Data
Competitive Comparison of Hinng Group (International) Holding Co's Return-on-Tangible-Asset
For the Household & Personal Products subindustry, Hinng Group (International) Holding Co'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.
Hinng Group (International) Holding Co's Return-on-Tangible-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Hinng Group (International) Holding Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hinng Group (International) Holding Co'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.
Hinng Group (International) Holding Co (HKSE:06893) 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.
Hinng Group (International) Holding Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Hinng Group (International) Holding Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Hinng Group (International) Holding Co Business Description
Hin Sang Group (International) Holding Co Ltd is engaged in the marketing, selling, and manufacturing of children's healthcare products. It is also involved in developing its business in mother-infant Chinese medical healthcare as well as diagnosis and treatment services projects. Its business segments include Product Development, Brand Development and Management, Trading of Goods, and Healthcare segment. The group generates a majority of its revenue from the Product Development segment which develops and sells healthcare products, personal care products, and household products under its brand names. The company's operations are located in Hong Kong and the PRC, of which key revenue is derived from Hong Kong.
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