What is China Everbright Water 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. China Everbright Water's annualizedNet Income for the quarter that ended in Dec. 2023 was S$189 Mil. China Everbright Water's average total tangible assets for the quarter that ended in Dec. 2023 was S$5,180 Mil. Therefore, China Everbright Water's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 3.66%.
The historical rank and industry rank for China Everbright Water's Return-on-Tangible-Asset or its related term are showing as below:
SGX:U9E'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.59 Med: 4.08 Max: 5.7
Current: 3.94
During the past 13 years, China Everbright Water's highest Return-on-Tangible-Asset was 5.70%. The lowest was -4.59%. And the median was 4.08%.
SGX:U9E's Return-on-Tangible-Asset is ranked better than 58% of 519
companies
in the Utilities - Regulated industry
Industry Median: 3.22
vs SGX:U9E: 3.94
China Everbright Water Return-on-Tangible-Asset Historical Data
The historical data trend for China Everbright Water'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.
China Everbright Water Return-on-Tangible-Asset Chart
Competitive Comparison of China Everbright Water's Return-on-Tangible-Asset
For the Utilities - Regulated Water subindustry, China Everbright Water'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.
China Everbright Water's Return-on-Tangible-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, China Everbright Water's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Everbright Water's Return-on-Tangible-Asset falls into.
China Everbright Water Return-on-Tangible-Asset Calculation
China Everbright Water's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* 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. 2023) net income data.
China Everbright Water (SGX:U9E) 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.
China Everbright Water Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China Everbright Water's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Everbright Water (SGX:U9E) Business Description
China Everbright Water Ltd provides water supply, waste water treatment, sludge treatment, and other environmental services. It designs, constructs, and operates water treatment plants, and extracts energy from water discharged by the plants to power air-conditioning for various buildings. Concession arrangements from various Chinese government authorities span multiple years, and allow the company to operate plants and charge users a fee for consumption. Under the arrangements, China Everbright is obligated to maintain the plants, and receives annual payments from the grantors. Raw materials and consumables are utilized by experienced technicians to repair and maintain facilities. Majority of sales and assets are generated and located in China.
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