The historical rank and industry rank for Sunny Optical Technology (Group) Co's Return-on-Tangible-Asset or its related term are showing as below:
SOTGY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.35 Med: 13.05 Max: 22.3
Current: 3.59
During the past 13 years, Sunny Optical Technology (Group) Co's highest Return-on-Tangible-Asset was 22.30%. The lowest was 2.35%. And the median was 13.05%.
SOTGY's Return-on-Tangible-Asset is ranked better than 58.25% of 2462
companies
in the Hardware industry
Industry Median: 2.36
vs SOTGY: 3.59
Sunny Optical Technology (Group) Co Return-on-Tangible-Asset Historical Data
* 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.
Sunny Optical Technology (Group) Co Return-on-Tangible-Asset Chart
Competitive Comparison of Sunny Optical Technology (Group) Co's Return-on-Tangible-Asset
For the Electronic Components subindustry, Sunny Optical Technology (Group) 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.
Sunny Optical Technology (Group) Co's Return-on-Tangible-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Sunny Optical Technology (Group) Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Sunny Optical Technology (Group) Co's Return-on-Tangible-Asset falls into.
Sunny Optical Technology (Group) Co Return-on-Tangible-Asset Calculation
* 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 (Jun. 2024) net income data.
Sunny Optical Technology (Group) Co (OTCPK:SOTGY) 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.
Sunny Optical Technology (Group) Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Sunny Optical Technology (Group) Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Sunny Optical Technology (Group) Co Business Description
Headquartered in Yuyao, China, Sunny Optical is one of China's biggest handset camera modules maker and the world's largest handset lens sets manufacturer. Higher-margin lens sets are used on smartphones, vehicles, and augmented/virtual reality. Sunny Optical is a key beneficiary of the secular growth of extended-reality devices and vehicle camera demand, as advanced driver-assistance systems witness rising adoption among automakers. The firm also manufactures optical instruments, such as high-end microscopes and optical measuring instruments. The company employed over 29,524 people as of December 2023.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SOTGY has been successfully added to your 