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Sunwave Communications Co (SZSE:002115) Return-on-Tangible-Asset : -2.76% (As of Sep. 2024)


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What is Sunwave Communications 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. Sunwave Communications Co's annualized Net Income for the quarter that ended in Sep. 2024 was ¥-112 Mil. Sunwave Communications Co's average total tangible assets for the quarter that ended in Sep. 2024 was ¥4,070 Mil. Therefore, Sunwave Communications Co's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was -2.76%.

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

SZSE:002115' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -19.09   Med: 1.3   Max: 6.78
Current: 0.09

During the past 13 years, Sunwave Communications Co's highest Return-on-Tangible-Asset was 6.78%. The lowest was -19.09%. And the median was 1.30%.

SZSE:002115's Return-on-Tangible-Asset is ranked worse than
64.13% of 2462 companies
in the Hardware industry
Industry Median: 2.56 vs SZSE:002115: 0.09

Sunwave Communications Co Return-on-Tangible-Asset Historical Data

The historical data trend for Sunwave Communications 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.

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Sunwave Communications Co Return-on-Tangible-Asset Chart

Sunwave Communications Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.73 0.52 -19.09 3.37 1.36

Sunwave Communications Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.77 -3.83 1.58 -1.23 -2.76

Competitive Comparison of Sunwave Communications Co's Return-on-Tangible-Asset

For the Communication Equipment subindustry, Sunwave Communications 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.


Sunwave Communications Co's Return-on-Tangible-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sunwave Communications Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Sunwave Communications Co's Return-on-Tangible-Asset falls into.



Sunwave Communications Co Return-on-Tangible-Asset Calculation

Sunwave Communications Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=55.391/( (4157.436+3990.007)/ 2 )
=55.391/4073.7215
=1.36 %

Sunwave Communications Co's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=-112.304/( (4078.388+4062.203)/ 2 )
=-112.304/4070.2955
=-2.76 %

* 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. 2024) net income data.


Sunwave Communications Co  (SZSE:002115) 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.


Sunwave Communications Co Return-on-Tangible-Asset Related Terms

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


Sunwave Communications Co Business Description

Traded in Other Exchanges
N/A
Address
No. 581 Torch Avenue, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310053
Sunwave Communications Co Ltd is principally engaged in the manufacturing and sale of communication equipment in China. The company also provide system integration services and development, and are involved in the sale of wireless electronic devices.
Executives
Li Yue Lun Directors, executives
Zheng Jian Bo Director
Li Wei Yi Supervisors
Zhang Jian Zhou Executives
Li Guan Xiong Securities Affairs Representative
Li Jun Director
Wu Zhi Jian Executives
Li Gang Directors, executives
Hong Ge Executives
Lu Yuan Ji Director
Wang Ping Directors, executives
Zhou Yin Executives
Cao Yong Fu Supervisors
Zhou Mei Fei Director
Jin Li Executives

Sunwave Communications Co Headlines

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