The historical rank and industry rank for Grand Talents Group Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:08516'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -46.68 Med: -14.75 Max: 46.91
Current: -7.68
During the past 9 years, Grand Talents Group Holdings's highest Return-on-Tangible-Asset was 46.91%. The lowest was -46.68%. And the median was -14.75%.
HKSE:08516's Return-on-Tangible-Asset is ranked worse than 89.3% of 1720
companies
in the Construction industry
Industry Median: 2.75
vs HKSE:08516: -7.68
Grand Talents Group Holdings 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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Grand Talents Group Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of Grand Talents Group Holdings's Return-on-Tangible-Asset
For the Engineering & Construction subindustry, Grand Talents 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.
Grand Talents Group Holdings's Return-on-Tangible-Asset Distribution in the Construction Industry
For the Construction industry and Industrials sector, Grand Talents Group Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Grand Talents Group Holdings's Return-on-Tangible-Asset falls into.
Grand Talents Group Holdings Return-on-Tangible-Asset Calculation
Grand Talents Group Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2024 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 (Mar. 2024) net income data.
Grand Talents Group Holdings (HKSE:08516) 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.
Grand Talents Group Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Grand Talents Group Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Grand Talents Group Holdings Ltd is an investment holding company engaged in civil engineering construction works. The group principally repairs and maintains structures of roads and highways in Hong Kong. The business activities of the group function through Civil engineering construction work and Repair & maintenance work segments. Under the works Civil engineering segment, the group focuses on road and highway-related infrastructures, whereas the Repair and maintenance works include repair and maintenance work of structures of roads and highways. The company derives a majority of revenue from the Repair and maintenance works segment. All the operations generally function in Hong Kong.
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