GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Erayak Power Solution Group Inc (NAS:RAYA) » Definitions » Return-on-Tangible-Asset

RAYA (Erayak Power Solution Group) Return-on-Tangible-Asset : -0.26% (As of Dec. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Erayak Power Solution Group 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. Erayak Power Solution Group's annualized Net Income for the quarter that ended in Dec. 2024 was $-0.11 Mil. Erayak Power Solution Group's average total tangible assets for the quarter that ended in Dec. 2024 was $44.17 Mil. Therefore, Erayak Power Solution Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -0.26%.

The historical rank and industry rank for Erayak Power Solution Group's Return-on-Tangible-Asset or its related term are showing as below:

RAYA' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.75   Med: 9.24   Max: 14.9
Current: -2.71

During the past 6 years, Erayak Power Solution Group's highest Return-on-Tangible-Asset was 14.90%. The lowest was -2.75%. And the median was 9.24%.

RAYA's Return-on-Tangible-Asset is ranked worse than
80.08% of 3027 companies
in the Industrial Products industry
Industry Median: 3.3 vs RAYA: -2.71

Erayak Power Solution Group Return-on-Tangible-Asset Historical Data

The historical data trend for Erayak Power Solution Group'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.

* Premium members only.

Erayak Power Solution Group Return-on-Tangible-Asset Chart

Erayak Power Solution Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial 12.46 14.90 11.39 3.35 -2.75

Erayak Power Solution Group Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 8.14 2.63 4.25 -5.46 -0.26

Competitive Comparison of Erayak Power Solution Group's Return-on-Tangible-Asset

For the Electrical Equipment & Parts subindustry, Erayak Power Solution Group'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.


Erayak Power Solution Group's Return-on-Tangible-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Erayak Power Solution Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Erayak Power Solution Group's Return-on-Tangible-Asset falls into.


;
;

Erayak Power Solution Group Return-on-Tangible-Asset Calculation

Erayak Power Solution Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=-1.116/( (35.253+45.971)/ 2 )
=-1.116/40.612
=-2.75 %

Erayak Power Solution Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=-0.114/( (42.367+45.971)/ 2 )
=-0.114/44.169
=-0.26 %

* 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 two times the semi-annual (Dec. 2024) net income data.


Erayak Power Solution Group  (NAS:RAYA) 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.


Erayak Power Solution Group Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Erayak Power Solution Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Erayak Power Solution Group Business Description

Traded in Other Exchanges
N/A
Address
No. 528, 4th Avenue, Binhai Industrial Park, Zhejiang Province, Wenzhou, CHN, 325025
Erayak Power Solution Group Inc engages in manufacturing, research and development, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery, and smart chargers, and custom-designed products. It derives the majority revenue from four products namely inverters, chargers, power bank, and gasoline generators. The company generates the majority of its revenue from Inverters. The company geographically operates in China, Australia, Poland, U.K., and Germany. It derives maximum revenue from China.