The historical rank and industry rank for Luxshare Precision Industry Co's Return-on-Tangible-Asset or its related term are showing as below:
SZSE:002475'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.02 Med: 8.28 Max: 12.44
Current: 7.34
During the past 13 years, Luxshare Precision Industry Co's highest Return-on-Tangible-Asset was 12.44%. The lowest was 7.02%. And the median was 8.28%.
SZSE:002475's Return-on-Tangible-Asset is ranked better than 79.73% of 2482
companies
in the Hardware industry
Industry Median: 2.35
vs SZSE:002475: 7.34
Luxshare Precision Industry 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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Luxshare Precision Industry Co Return-on-Tangible-Asset Chart
Competitive Comparison of Luxshare Precision Industry Co's Return-on-Tangible-Asset
For the Electronic Components subindustry, Luxshare Precision Industry 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.
Luxshare Precision Industry Co's Return-on-Tangible-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Luxshare Precision Industry Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Luxshare Precision Industry Co's Return-on-Tangible-Asset falls into.
Luxshare Precision Industry Co Return-on-Tangible-Asset Calculation
Luxshare Precision Industry 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.
Luxshare Precision Industry Co (SZSE:002475) 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.
Luxshare Precision Industry Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Luxshare Precision Industry Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Luxshare Precision Industry Co (SZSE:002475) Business Description
Founded in 2004, Luxshare Precision is one of the world's largest manufacturers of cables and connectors and is a major supplier to Apple, which accounts for over 70% of sales. The company has since expanded production into other faster-growing consumer electronic components, such as speakers, haptic, cameras, PC docks, and wireless charging modules, as well as electronic manufacturing services for Apple's Watch and AirPods. Of Luxshare's 2022 sales, 84% is derived from the consumer electronics end market, while the remaining 16% is spread across the computer, communication and automobile verticals. Luxshare employs over 230,000 people and has manufacturing bases in China, India, and Vietnam.
Luxshare Precision Industry Co (SZSE:002475) Headlines
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