SZSE:300237'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.95 Med: 0.45 Max: 7.1
Current: -7.73
During the past 13 years, Shandong Meichen Science & Technology Co's highest Return-on-Tangible-Asset was 7.10%. The lowest was -15.95%. And the median was 0.45%.
SZSE:300237's Return-on-Tangible-Asset is ranked worse than 89.32% of 1329
companies
in the Vehicles & Parts industry
Industry Median: 3.12
vs SZSE:300237: -7.73
Shandong Meichen Science & Technology 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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Shandong Meichen Science & Technology Co Return-on-Tangible-Asset Chart
Shandong Meichen Science & Technology Co Annual Data
Competitive Comparison of Shandong Meichen Science & Technology Co's Return-on-Tangible-Asset
For the Auto Parts subindustry, Shandong Meichen Science & Technology 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.
Shandong Meichen Science & Technology Co's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Shandong Meichen Science & Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shandong Meichen Science & Technology Co'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 four times the quarterly (Mar. 2025) net income data.
Shandong Meichen Science & Technology Co (SZSE:300237) 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.
Shandong Meichen Science & Technology Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Shandong Meichen Science & Technology Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Shandong Meichen Science & Technology Co Business Description
Shandong Meichen Science & Technology Co Ltd, formerly Shandong Meichen Ecology & Environment Co Ltd is engaged in the research, development, manufacturing, and distribution of rubber hose, damping rubber, engineering plastics products and related raw materials in China. It operates in the business areas of Sophisticated high molecular material and Ecological environment protection. The sophisticated high molecular material area offers suspension products, system integration modified engineering plastics products, elastic products damping noise reduction, and fluid pipe products. Ecological environment protection includes services like an ecological garden, soil repair, city minerals, water ecological management and air detection management.
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