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. Quality Industrial's annualizedNet Income for the quarter that ended in Jun. 2023 was $11.41 Mil. Quality Industrial's average total tangible assets for the quarter that ended in Jun. 2023 was $146.22 Mil. Therefore, Quality Industrial's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 was 7.80%.
The historical rank and industry rank for Quality Industrial's Return-on-Tangible-Asset or its related term are showing as below:
QIND's Return-on-Tangible-Asset is not ranked *
in the Industrial Products industry.
Industry Median: 3.24 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
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.
Quality Industrial Return-on-Tangible-Asset Related Terms
Quality Industrial Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Quality Industrial'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.
QIND vs OPTT, AUSI, NSGP: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Quality Industrial'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.
Quality Industrial Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Quality Industrial's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Quality Industrial'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 (Jun. 2023) net income data.
What does a Return-on-Tangible-Asset of 7.80% mean?
Quality Industrial (QIND) has a Return-on-Tangible-Asset of 7.80% as of Jun. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Quality Industrial and its competitors.
Is Quality Industrial's Return-on-Tangible-Asset too high?
Quality Industrial's current Return-on-Tangible-Asset is 7.80%. The Industrial Products industry median Return-on-Tangible-Asset is 3.24. Quality Industrial's value of 7.80% is 140.7% above this industry median.
How does Quality Industrial's Return-on-Tangible-Asset compare to OPTT and AUSI?
Quality Industrial's Return-on-Tangible-Asset of 7.80% can be compared against companies in the Industrial Products industry. The industry median Return-on-Tangible-Asset is 3.24. Quality Industrial's value of 7.80% is 140.7% above this benchmark. 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.24, based on 3,076 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. Quality Industrial's current Return-on-Tangible-Asset of 7.80% is 140.7% above the industry median. 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 Quality Industrial and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quality Industrial's current Return-on-Tangible-Asset is 7.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quality Industrial stock overvalued right now?
Quality Industrial (QIND) has a current Return-on-Tangible-Asset of 7.80%. The current Return-on-Tangible-Asset is 7.80% and 140.7% above the Industrial Products industry median of 3.24. 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 Quality Industrial (QIND), the current Return-on-Tangible-Asset is 7.80% as of Jun. 2023. 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.
Quality Industrial Corp is engaged in the manufacture and assembly of industrial equipment and precision-engineered technology for the Industrial, Oil & Gas, and Utility sectors. Its services include consulting, designing, supplying, installing, and maintaining LPG systems, as well as the transportation and supply of LPG in both bulk and cylinder formats. The firm cater to a diverse range of clients, including commercial buildings, mixed-use apartment complexes, shopping centers, food courts, heavy industries, labor accommodations, catering units, commercial kitchens, and dining establishments.
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