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Kwong Man Kee Group (HKSE:08023) Return-on-Tangible-Asset : 0.00% (As of Sep. 2024)


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What is Kwong Man Kee 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. Kwong Man Kee Group's annualized Net Income for the quarter that ended in Sep. 2024 was HK$0.00 Mil. Kwong Man Kee Group's average total tangible assets for the quarter that ended in Sep. 2024 was HK$189.29 Mil. Therefore, Kwong Man Kee Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 0.00%.

The historical rank and industry rank for Kwong Man Kee Group's Return-on-Tangible-Asset or its related term are showing as below:

HKSE:08023' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.5   Med: 8.05   Max: 46.06
Current: 4.75

During the past 10 years, Kwong Man Kee Group's highest Return-on-Tangible-Asset was 46.06%. The lowest was -4.50%. And the median was 8.05%.

HKSE:08023's Return-on-Tangible-Asset is ranked better than
63.9% of 1720 companies
in the Construction industry
Industry Median: 2.755 vs HKSE:08023: 4.75

Kwong Man Kee Group Return-on-Tangible-Asset Historical Data

The historical data trend for Kwong Man Kee 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.

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Kwong Man Kee Group Return-on-Tangible-Asset Chart

Kwong Man Kee Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.24 12.50 5.34 11.80 7.79

Kwong Man Kee Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Sep24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.48 13.34 6.75 - -

Competitive Comparison of Kwong Man Kee Group's Return-on-Tangible-Asset

For the Engineering & Construction subindustry, Kwong Man Kee 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.


Kwong Man Kee Group's Return-on-Tangible-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kwong Man Kee Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Kwong Man Kee Group's Return-on-Tangible-Asset falls into.



Kwong Man Kee Group Return-on-Tangible-Asset Calculation

Kwong Man Kee Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=13.858/( (174.298+181.264)/ 2 )
=13.858/177.781
=7.79 %

Kwong Man Kee Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=0/( (181.264+197.308)/ 2 )
=0/189.286
=0.00 %

* 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 four times the quarterly (Sep. 2024) net income data.


Kwong Man Kee Group  (HKSE:08023) 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 company’s 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 company’s 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.


Kwong Man Kee Group Return-on-Tangible-Asset Related Terms

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Kwong Man Kee Group Business Description

Traded in Other Exchanges
N/A
Address
91-93 Bedford Road, 21st Floor, The Bedford, Kowloon, Hong Kong, HKG
Kwong Man Kee Group Ltd provides engineering services to the car park flooring industry. Its services include flooring services, including the application of proprietary floor coating products for providing a colorful, slip-resistance, and a hard-wearing surface that is resistant against water and petrochemicals; and ancillary services which include specialised texture painting and waterproofing works; and sales of flooring and waterproofing materials. The company's reportable segment are Flooring, which generates maximum revenue, Ancillary services, and Sales of materials.
Executives
Sage City Investments Limited 2101 Beneficial owner
Kwong Chi Man 2201 Interest of corporation controlled by you

Kwong Man Kee Group Headlines

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