What is China Fortune Holdings 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 Fortune Holdings's annualizedNet Income for the quarter that ended in Dec. 2024 was €-6.08 Mil. China Fortune Holdings's average total tangible assets for the quarter that ended in Dec. 2024 was €6.56 Mil. Therefore, China Fortune Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -92.72%.
The historical rank and industry rank for China Fortune Holdings's Return-on-Tangible-Asset or its related term are showing as below:
STU:FTQ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -77.13 Med: -31.85 Max: 12.15
Current: -64.49
During the past 13 years, China Fortune Holdings's highest Return-on-Tangible-Asset was 12.15%. The lowest was -77.13%. And the median was -31.85%.
STU:FTQ's Return-on-Tangible-Asset is ranked worse than 96.29% of 2455
companies
in the Hardware industry
Industry Median: 2.49
vs STU:FTQ: -64.49
China Fortune Holdings Return-on-Tangible-Asset Historical Data
The historical data trend for China Fortune Holdings'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 Fortune Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of China Fortune Holdings's Return-on-Tangible-Asset
For the Consumer Electronics subindustry, China Fortune Holdings'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 Fortune Holdings's Return-on-Tangible-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, China Fortune Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Fortune Holdings's Return-on-Tangible-Asset falls into.
* 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.
China Fortune Holdings (STU:FTQ) 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 Fortune Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China Fortune Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Fortune Holdings Ltd is an investment holding company. The company is engaged in the distribution and trading of mobile phones and electronic products and mining and processing of celestite, zinc, and lead minerals. The company operates in segments that include the Mobile Phone Business and Mining Business. Mobile Phones and Electronic Products Business: Sales and marketing of mobile phones and electronic products and components. Mining Business: Exploration, exploitation, refining and asset investment of mineral resources. The Mobile Phone Business generates maximum revenue for the company. Geographically the group caters its services in the PRC.
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