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Tiong Woon Holding (SGX:BQM) Return-on-Tangible-Asset : 4.56% (As of Dec. 2024)


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What is Tiong Woon Holding 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. Tiong Woon Holding's annualized Net Income for the quarter that ended in Dec. 2024 was S$24.1 Mil. Tiong Woon Holding's average total tangible assets for the quarter that ended in Dec. 2024 was S$529.0 Mil. Therefore, Tiong Woon Holding's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 4.56%.

The historical rank and industry rank for Tiong Woon Holding's Return-on-Tangible-Asset or its related term are showing as below:

SGX:BQM' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.1   Med: 1.9   Max: 3.7
Current: 3.7

During the past 13 years, Tiong Woon Holding's highest Return-on-Tangible-Asset was 3.70%. The lowest was -2.10%. And the median was 1.90%.

SGX:BQM's Return-on-Tangible-Asset is ranked worse than
50.6% of 1079 companies
in the Business Services industry
Industry Median: 3.81 vs SGX:BQM: 3.70

Tiong Woon Holding Return-on-Tangible-Asset Historical Data

The historical data trend for Tiong Woon Holding'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.

Tiong Woon Holding Return-on-Tangible-Asset Chart

Tiong Woon Holding Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.66 2.14 2.44 3.25 3.61

Tiong Woon Holding Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 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 3.04 3.51 4.25 2.86 4.56

Competitive Comparison of Tiong Woon Holding's Return-on-Tangible-Asset

For the Rental & Leasing Services subindustry, Tiong Woon Holding'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.


Tiong Woon Holding's Return-on-Tangible-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Tiong Woon Holding's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Tiong Woon Holding's Return-on-Tangible-Asset falls into.


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Tiong Woon Holding Return-on-Tangible-Asset Calculation

Tiong Woon Holding's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=18.207/( (490.407+517.986)/ 2 )
=18.207/504.1965
=3.61 %

Tiong Woon Holding'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 )
=24.114/( (517.986+539.995)/ 2 )
=24.114/528.9905
=4.56 %

* 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.


Tiong Woon Holding  (SGX:BQM) 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.


Tiong Woon Holding Return-on-Tangible-Asset Related Terms

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Tiong Woon Holding Business Description

Traded in Other Exchanges
N/A
Address
No. 15 Pandan Crescent, Singapore, SGP, 128470
Tiong Woon Corp Holding Ltd is a company engaged in providing integrated specialist services. It also manages turnkey projects from planning to the execution stage. The company operates in three segments. The heavy Lift and Haulage segment, which is the key revenue driver, comprises a wide range of reliable services in Marine Transportation; Marine Transportation comprises the provision of tug and barge services for a wide range of sea transportation projects; The Trading segment comprises trading of new and used equipment. Its revenue comes from the Singapore market, while it has a presence in the Middle East, India, Malaysia, and other countries.

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