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AVIC Electromechanical Systems Co (SZSE:002013) Return-on-Tangible-Asset : 4.34% (As of Sep. 2022)


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What is AVIC Electromechanical Systems Co 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. AVIC Electromechanical Systems Co's annualized Net Income for the quarter that ended in Sep. 2022 was ¥1,475 Mil. AVIC Electromechanical Systems Co's average total tangible assets for the quarter that ended in Sep. 2022 was ¥33,984 Mil. Therefore, AVIC Electromechanical Systems Co's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2022 was 4.34%.

The historical rank and industry rank for AVIC Electromechanical Systems Co's Return-on-Tangible-Asset or its related term are showing as below:

SZSE:002013's Return-on-Tangible-Asset is not ranked *
in the Aerospace & Defense industry.
Industry Median: 2.97
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

AVIC Electromechanical Systems Co Return-on-Tangible-Asset Historical Data

The historical data trend for AVIC Electromechanical Systems Co'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.

AVIC Electromechanical Systems Co Return-on-Tangible-Asset Chart

AVIC Electromechanical Systems Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.31 3.45 3.68 3.86 4.10

AVIC Electromechanical Systems Co Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.27 4.58 3.22 4.87 4.34

Competitive Comparison of AVIC Electromechanical Systems Co's Return-on-Tangible-Asset

For the Aerospace & Defense subindustry, AVIC Electromechanical Systems 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.


AVIC Electromechanical Systems Co's Return-on-Tangible-Asset Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AVIC Electromechanical Systems Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where AVIC Electromechanical Systems Co's Return-on-Tangible-Asset falls into.


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AVIC Electromechanical Systems Co Return-on-Tangible-Asset Calculation

AVIC Electromechanical Systems Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=1271.008/( (28755.237+33317.333)/ 2 )
=1271.008/31036.285
=4.10 %

AVIC Electromechanical Systems Co's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=1474.624/( (33513.643+34454.678)/ 2 )
=1474.624/33984.1605
=4.34 %

* 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 (Sep. 2022) net income data.


AVIC Electromechanical Systems Co  (SZSE:002013) 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 company’s 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 company’s 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.


AVIC Electromechanical Systems Co Return-on-Tangible-Asset Related Terms

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AVIC Electromechanical Systems Co Business Description

Traded in Other Exchanges
N/A
Address
No. 5A, Chaoguang Xi Li, Room 610, Block E, Building 20, Chaoyang District, Beijing, CHN
AVIC Electromechanical Systems Co Ltd provides aerospace electromechanical systems to the aviation industry. It offers aero-electromechanical systems, including on-board flight control subsystems, suspension and emission control systems, onboard power supply subsystems, aircraft airborne fuel measurement systems, and onboard hydraulic actuation. It is also engaged in the research and development, manufacturing and sales of devices, engine ignition systems and devices, and drone launch systems. The company's military aviation electromechanical business provides ancillary products and services for military aircraft under development in China. In addition, it is also engaged in the business areas of Car carrier industry, Refrigeration and medical device industry and Electric power equipment.
Executives
Zhou Yong Executives
Li Bing Directors, executives
Mao Zun Ping Executives
Xia Bao Qi Secretary Dong
Wang Jian Director
Liu Jun Min Independent director
Guo Ting Ren Supervisors
Wang Wei Executives
Zhou Chun Hua Executives
Yang You Chang Director
Meng Jun Directors, executives
Zhang Yuan Yuan Supervisors
Wang Zhi Biao Supervisors
Jin Wu Qiang Supervisors
Chen Chang Fu Director

AVIC Electromechanical Systems Co Headlines

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