The historical rank and industry rank for Tongda Smart Tech (Xiamen) Co's Return-on-Tangible-Asset or its related term are showing as below:
SZSE:001368'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.44 Med: 15.14 Max: 19.31
Current: 6.44
During the past 6 years, Tongda Smart Tech (Xiamen) Co's highest Return-on-Tangible-Asset was 19.31%. The lowest was 6.44%. And the median was 15.14%.
SZSE:001368's Return-on-Tangible-Asset is ranked better than 68.25% of 422
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 3.31
vs SZSE:001368: 6.44
Tongda Smart Tech (Xiamen) 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.
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Tongda Smart Tech (Xiamen) Co Return-on-Tangible-Asset Chart
Competitive Comparison of Tongda Smart Tech (Xiamen) Co's Return-on-Tangible-Asset
For the Furnishings, Fixtures & Appliances subindustry, Tongda Smart Tech (Xiamen) 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.
Tongda Smart Tech (Xiamen) Co's Return-on-Tangible-Asset Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Tongda Smart Tech (Xiamen) Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tongda Smart Tech (Xiamen) Co's Return-on-Tangible-Asset falls into.
Tongda Smart Tech (Xiamen) Co Return-on-Tangible-Asset Calculation
Tongda Smart Tech (Xiamen) Co'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 four times the quarterly (Mar. 2024) net income data.
Tongda Smart Tech (Xiamen) Co (SZSE:001368) 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.
Tongda Smart Tech (Xiamen) Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Tongda Smart Tech (Xiamen) Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Tongda Smart Tech (Xiamen) Co (SZSE:001368) Business Description
Tongda Smart Tech (Xiamen) Co Ltd is engaged in the research and development, production and sales of consumer products such as sports outdoor, home life, health care and others.
Tongda Smart Tech (Xiamen) Co (SZSE:001368) Headlines
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