GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Rayzher Industrial Co Ltd (ROCO:7703) » Definitions » Return-on-Tangible-Asset

Rayzher Industrial Co (ROCO:7703) Return-on-Tangible-Asset : 10.46% (As of Mar. 2025)


View and export this data going back to 2023. Start your Free Trial

What is Rayzher Industrial 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. Rayzher Industrial Co's annualized Net Income for the quarter that ended in Mar. 2025 was NT$272 Mil. Rayzher Industrial Co's average total tangible assets for the quarter that ended in Mar. 2025 was NT$2,605 Mil. Therefore, Rayzher Industrial Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 10.46%.

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

ROCO:7703' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.13   Med: 12.11   Max: 23.77
Current: 10.68

During the past 6 years, Rayzher Industrial Co's highest Return-on-Tangible-Asset was 23.77%. The lowest was 10.13%. And the median was 12.11%.

ROCO:7703's Return-on-Tangible-Asset is ranked better than
88% of 1742 companies
in the Construction industry
Industry Median: 2.68 vs ROCO:7703: 10.68

Rayzher Industrial Co Return-on-Tangible-Asset Historical Data

The historical data trend for Rayzher Industrial 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.

Rayzher Industrial Co Return-on-Tangible-Asset Chart

Rayzher Industrial Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial 12.11 11.38 23.77 12.78 10.13

Rayzher Industrial Co Quarterly Data
Dec19 Dec20 Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 12.27 7.78 9.52 14.76 10.46

Competitive Comparison of Rayzher Industrial Co's Return-on-Tangible-Asset

For the Engineering & Construction subindustry, Rayzher Industrial 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.


Rayzher Industrial Co's Return-on-Tangible-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Rayzher Industrial Co's Return-on-Tangible-Asset distribution charts can be found below:

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


;
;

Rayzher Industrial Co Return-on-Tangible-Asset Calculation

Rayzher Industrial 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 )
=237.289/( (2046.173+2637.226)/ 2 )
=237.289/2341.6995
=10.13 %

Rayzher Industrial Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=272.424/( (2637.226+2572.761)/ 2 )
=272.424/2604.9935
=10.46 %

* 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.


Rayzher Industrial Co  (ROCO:7703) 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.


Rayzher Industrial Co Return-on-Tangible-Asset Related Terms

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


Rayzher Industrial Co Business Description

Traded in Other Exchanges
N/A
Address
9th Floor, No. 76, Section 2, Jiafeng South Road, Hsinchu County, Zhubei, TWN, 302054
Rayzher Industrial Co Ltd is a company who has main business projects which are high-tech factories, design, planning and project management of piping related to equipment and plant systems; agency, manufacturing and installation of special gas supply systems. It provides owners with high-quality, high-reliability and quick-response engineering services.

Rayzher Industrial Co Headlines

No Headlines