GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shihlin Development Co Ltd (ROCO:5324) » Definitions » Return-on-Tangible-Asset

Shihlin Development Co (ROCO:5324) Return-on-Tangible-Asset : 5.24% (As of Dec. 2024)


View and export this data going back to 1997. Start your Free Trial

What is Shihlin Development Co 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. Shihlin Development Co's annualized Net Income for the quarter that ended in Dec. 2024 was NT$523 Mil. Shihlin Development Co's average total tangible assets for the quarter that ended in Dec. 2024 was NT$9,995 Mil. Therefore, Shihlin Development Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 5.24%.

The historical rank and industry rank for Shihlin Development Co's Return-on-Tangible-Asset or its related term are showing as below:

ROCO:5324' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.06   Med: -1.24   Max: 2.5
Current: 1.57

During the past 13 years, Shihlin Development Co's highest Return-on-Tangible-Asset was 2.50%. The lowest was -9.06%. And the median was -1.24%.

ROCO:5324's Return-on-Tangible-Asset is ranked worse than
54.18% of 838 companies
in the Travel & Leisure industry
Industry Median: 2.29 vs ROCO:5324: 1.57

Shihlin Development Co Return-on-Tangible-Asset Historical Data

The historical data trend for Shihlin Development Co'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.

Shihlin Development Co Return-on-Tangible-Asset Chart

Shihlin Development Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 -1.53 -2.47 -1.30 1.61

Shihlin Development Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.25 -1.53 -1.93 4.41 5.24

Competitive Comparison of Shihlin Development Co's Return-on-Tangible-Asset

For the Lodging subindustry, Shihlin Development Co'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.


Shihlin Development Co's Return-on-Tangible-Asset Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shihlin Development Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Shihlin Development Co's Return-on-Tangible-Asset falls into.


;
;

Shihlin Development Co Return-on-Tangible-Asset Calculation

Shihlin Development Co'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 )
=157.377/( (9781.81+9726.126)/ 2 )
=157.377/9753.968
=1.61 %

Shihlin Development Co'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: Sep. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=523.348/( (10263.019+9726.126)/ 2 )
=523.348/9994.5725
=5.24 %

* 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.


Shihlin Development Co  (ROCO:5324) 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.


Shihlin Development Co Return-on-Tangible-Asset Related Terms

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


Shihlin Development Co Business Description

Traded in Other Exchanges
N/A
Address
8th floor, Number 90, Section 6, Zhongshan North Road, Taipei, TWN, 111
Shihlin Development Co Ltd manufactures and markets small signal transistors, power transistors, and integrated circuits. The company is also engaged in real estate development. The Company has three reportable segments: The construction and development, the leisure and recreation, and the catering and hotel segments. The construction and development segment engages in the construction of commercial buildings, sales and leasing of residences, and real estate development. The leisure and recreation segment engages in the development of clubs and specific areas. The catering and hotel segment engages in the catering and hotel room business. It generates the majority of the revenue from the construction and development segment.

Shihlin Development Co Headlines

No Headlines