Sao Vang Rubber JSC (STC:SRC) Return-on-Tangible-Asset : 0.00% (As of . 20)

View and export this data going back to 2009. Start your Free Trial

What is Sao Vang Rubber JSC 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. Sao Vang Rubber JSC's annualized Net Income for the quarter that ended in . 20 was ₫ Mil. Sao Vang Rubber JSC's average total tangible assets for the quarter that ended in . 20 was ₫ Mil. Therefore, Sao Vang Rubber JSC's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 was 0.00%.

The historical rank and industry rank for Sao Vang Rubber JSC's Return-on-Tangible-Asset or its related term are showing as below:

STC:SRC's Return-on-Tangible-Asset is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 3.575
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Sao Vang Rubber JSC Return-on-Tangible-Asset Historical Data

The historical data trend for Sao Vang Rubber JSC'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.

Sao Vang Rubber JSC Return-on-Tangible-Asset Chart

Sao Vang Rubber JSC Annual Data

Trend

Return-on-Tangible-Asset

Sao Vang Rubber JSC Quarterly Data

Return-on-Tangible-Asset

Competitive Comparison of Sao Vang Rubber JSC's Return-on-Tangible-Asset

For the Auto Parts subindustry, Sao Vang Rubber JSC'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.

Sao Vang Rubber JSC's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sao Vang Rubber JSC's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Sao Vang Rubber JSC's Return-on-Tangible-Asset falls into.

Sao Vang Rubber JSC Return-on-Tangible-Asset Calculation

Sao Vang Rubber JSC's annualized Return-on-Tangible-Asset for the fiscal year that ended in . 20 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

Sao Vang Rubber JSC's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

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 (. 20) net income data.

Sao Vang Rubber JSC (STC:SRC) 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.

Sao Vang Rubber JSC Return-on-Tangible-Asset Related Terms

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