The historical rank and industry rank for Asia-Pac Financial Investment Co's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:08193'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -82.5 Med: -22.86 Max: 21.12
Current: -46.31
During the past 13 years, Asia-Pac Financial Investment Co's highest Return-on-Tangible-Asset was 21.12%. The lowest was -82.50%. And the median was -22.86%.
HKSE:08193's Return-on-Tangible-Asset is ranked worse than 93.71% of 811
companies
in the Capital Markets industry
Industry Median: 1.48
vs HKSE:08193: -46.31
Asia-Pac Financial Investment 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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Asia-Pac Financial Investment Co Return-on-Tangible-Asset Chart
Competitive Comparison of Asia-Pac Financial Investment Co's Return-on-Tangible-Asset
For the Capital Markets subindustry, Asia-Pac Financial Investment 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.
Asia-Pac Financial Investment Co's Return-on-Tangible-Asset Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Asia-Pac Financial Investment Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Asia-Pac Financial Investment Co's Return-on-Tangible-Asset falls into.
Asia-Pac Financial Investment Co Return-on-Tangible-Asset Calculation
Asia-Pac Financial Investment Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 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 four times the quarterly (Sep. 2023) net income data.
Asia-Pac Financial Investment Co (HKSE:08193) 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.
Asia-Pac Financial Investment Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Asia-Pac Financial Investment Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Asia-Pac Financial Investment Co (HKSE:08193) Business Description
Asia-Pac Financial Investment Co Ltd is a Hong Kong-based company with four reporting segments. The asset advisory services and asset appraisal segment offers asset appraisal and advisory services for a wide range of asset classes, and it contributes the majority of revenue. The corporate services and consultancy segment offers advice to corporations in a wide range of areas, such as corporate governance and enterprise risk management. The media advertising segment offers media advertising business services. The financial services segment comprises financial credit services, trading and exchanging services, and consultancy or agency services.
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