What is Techcential International 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. Techcential International's annualizedNet Income for the quarter that ended in Mar. 2025 was NT$39 Mil. Techcential International's average total tangible assets for the quarter that ended in Mar. 2025 was NT$762 Mil. Therefore, Techcential International's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 5.13%.
The historical rank and industry rank for Techcential International's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:6616'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.31 Med: 5.3 Max: 23.18
Current: -6.31
During the past 11 years, Techcential International's highest Return-on-Tangible-Asset was 23.18%. The lowest was -6.31%. And the median was 5.30%.
ROCO:6616's Return-on-Tangible-Asset is ranked worse than 86.04% of 437
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.95
vs ROCO:6616: -6.31
Techcential International Return-on-Tangible-Asset Historical Data
The historical data trend for Techcential International'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.
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Techcential International Return-on-Tangible-Asset Chart
Competitive Comparison of Techcential International's Return-on-Tangible-Asset
For the Furnishings, Fixtures & Appliances subindustry, Techcential International'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.
Techcential International's Return-on-Tangible-Asset Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Techcential International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Techcential International'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 (Mar. 2025) net income data.
Techcential International (ROCO:6616) 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.
Techcential International Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Techcential International's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Techcential International Ltd is a company that engages in the manufacturing and sales of furniture and wood pellets, rubber wood trading, as well as leasing machinery and equipment. The products of the company include Bunk beds, dinettes, and coffee tables. The Group's reportable segments are A, B, C, and D. Segment A is involved in the manufacturing and sale of bedroom furniture, Segment B in the manufacturing and sale of kitchen cabinets, Segment C in the manufacturing and sale of rubber wood, and Segment D in Leasing. The company sells products in the United States, Malaysia, and other countries. It generates the majority of its revenue from the United States.
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