Me Lin Steel JSC (HSTC:MEL) Return-on-Tangible-Asset: 0.00% (As of . 20)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Me Lin Steel JSC Return-on-Tangible-Asset?

Me Lin Steel JSC HSTC:MEL Return-on-Tangible-Asset is 0.00% as of . 20. Among 634 Steel companies, Me Lin Steel JSC ranks worse than 157728.55% on this metric.

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. Me Lin Steel JSC's annualized Net Income for the quarter that ended in . 20 was ₫ Mil. Me Lin Steel JSC's average total tangible assets for the quarter that ended in . 20 was ₫ Mil. Therefore, Me Lin Steel JSC's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 was 0.00%.

The historical rank and industry rank for Me Lin Steel JSC's Return-on-Tangible-Asset or its related term are showing as below:

HSTC:MEL's Return-on-Tangible-Asset is not ranked *
in the Steel industry.
Industry Median: 2.055
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Me Lin Steel JSC  (HSTC:MEL) 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.

Me Lin Steel JSC Return-on-Tangible-Asset Related Terms

Me Lin Steel JSC Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Me Lin Steel JSC'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.

Me Lin Steel JSC Return-on-Tangible-Asset Chart

Me Lin Steel JSC Annual Data
Trend
Return-on-Tangible-Asset

Me Lin Steel JSC Semi-Annual Data
Return-on-Tangible-Asset

Me Lin Steel JSC Return-on-Tangible-Asset Competitor Comparison

For the Steel subindustry, Me Lin Steel JSC'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.

Me Lin Steel JSC Return-on-Tangible-Asset vs Steel Industry

For the Steel industry and Basic Materials sector, Me Lin Steel JSC's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Me Lin Steel JSC's Return-on-Tangible-Asset falls into.


Me Lin Steel JSC Return-on-Tangible-Asset Calculation

Me Lin Steel JSC's annualized Return-on-Tangible-Asset for the fiscal year that ended in . 20 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=/( (+)/ )
=/
= %

Me Lin Steel JSC's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: . 20 )  (Q: . 20 )(Q: . 20 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: . 20 )  (Q: . 20 )(Q: . 20 )
=/( (+)/ )
=/
= %

* 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 one times the annual (. 20) net income data.

What does a Return-on-Tangible-Asset of 0.00% mean?
Me Lin Steel JSC (HSTC:MEL) has a Return-on-Tangible-Asset of 0.00% as of . 20. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Me Lin Steel JSC and its competitors. According to the industry distribution chart, Me Lin Steel JSC ranks #999999 out of 634 companies in the Steel industry.
Is Me Lin Steel JSC's Return-on-Tangible-Asset too high?
Me Lin Steel JSC's current Return-on-Tangible-Asset is 0.00%. Based on the distribution chart, Me Lin Steel JSC ranks #999999 out of 634 companies in the Steel industry, which is in the bottom quartile relative to peers.
How does Me Lin Steel JSC's Return-on-Tangible-Asset compare to competitors?
According to the Steel industry distribution chart, Me Lin Steel JSC ranks #999999 out of 634 companies for Return-on-Tangible-Asset. This places Me Lin Steel JSC in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.06. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.06, based on 634 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Me Lin Steel JSC and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Me Lin Steel JSC's current Return-on-Tangible-Asset is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Me Lin Steel JSC stock overvalued right now?
Me Lin Steel JSC (HSTC:MEL) has a current Return-on-Tangible-Asset of 0.00%. The current Return-on-Tangible-Asset is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Me Lin Steel JSC (HSTC:MEL), the current Return-on-Tangible-Asset is 0.00% as of . 20. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Me Lin Steel JSC Business Description

Address No. 8 Administrative Zone, Dong Da Ward, Vinh Phuc Province, Vinh Yen City, VNM
Me Lin Steel JSC operates in the steel industry. The business activities of the company are processing, manufacturing, trading, importing, and exporting steel products, wholesale of machinery and spare parts, warehousing rental service, and investment in industrial parks, urban areas, and offices.