What is Zhonghua Gas 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. Zhonghua Gas Holdings's annualizedNet Income for the quarter that ended in Dec. 2024 was HK$0.00 Mil. Zhonghua Gas Holdings's average total tangible assets for the quarter that ended in Dec. 2024 was HK$413.49 Mil. Therefore, Zhonghua Gas Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 0.00%.
The historical rank and industry rank for Zhonghua Gas Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:08246'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -40.92 Med: 2.66 Max: 33.37
Current: -11.18
During the past 13 years, Zhonghua Gas Holdings's highest Return-on-Tangible-Asset was 33.37%. The lowest was -40.92%. And the median was 2.66%.
HKSE:08246's Return-on-Tangible-Asset is ranked worse than 95.02% of 502
companies
in the Utilities - Regulated industry
Industry Median: 3.2
vs HKSE:08246: -11.18
Zhonghua Gas Holdings Return-on-Tangible-Asset Historical Data
The historical data trend for Zhonghua Gas 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.
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Zhonghua Gas Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of Zhonghua Gas Holdings's Return-on-Tangible-Asset
For the Utilities - Regulated Gas subindustry, Zhonghua Gas 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.
Zhonghua Gas Holdings's Return-on-Tangible-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Zhonghua Gas Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zhonghua Gas 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 four times the quarterly (Dec. 2024) net income data.
Zhonghua Gas Holdings (HKSE:08246) 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.
Zhonghua Gas Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Zhonghua Gas Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhonghua Gas Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the provision of diverse integrated new energy services including technological development, construction and consultancy services in relation to heat supply and coal-to-natural gas conversion, operation of liquefied natural gas stations, coupled with the trading of new energy-related industrial products (New Energy Business); the operation of restaurants and trading of non-staple food (Catering Business) and the leasing of investment properties. The Group has two reportable operating segments, which are Energy Business; and Property Investments. It derives a majority of its revenue from the energy business.
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