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Zhejiang Jingsheng Mechanical and Electrical Co (SZSE:300316) Return-on-Tangible-Asset : 10.27% (As of Sep. 2024)


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What is Zhejiang Jingsheng Mechanical and Electrical 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. Zhejiang Jingsheng Mechanical and Electrical Co's annualized Net Income for the quarter that ended in Sep. 2024 was ¥3,454 Mil. Zhejiang Jingsheng Mechanical and Electrical Co's average total tangible assets for the quarter that ended in Sep. 2024 was ¥33,632 Mil. Therefore, Zhejiang Jingsheng Mechanical and Electrical Co's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 10.27%.

The historical rank and industry rank for Zhejiang Jingsheng Mechanical and Electrical Co's Return-on-Tangible-Asset or its related term are showing as below:

SZSE:300316' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.74   Med: 9.51   Max: 14.1
Current: 11.46

During the past 13 years, Zhejiang Jingsheng Mechanical and Electrical Co's highest Return-on-Tangible-Asset was 14.10%. The lowest was 3.74%. And the median was 9.51%.

SZSE:300316's Return-on-Tangible-Asset is ranked better than
86.14% of 1010 companies
in the Semiconductors industry
Industry Median: 2.3 vs SZSE:300316: 11.46

Zhejiang Jingsheng Mechanical and Electrical Co Return-on-Tangible-Asset Historical Data

The historical data trend for Zhejiang Jingsheng Mechanical and Electrical 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.

Zhejiang Jingsheng Mechanical and Electrical Co Return-on-Tangible-Asset Chart

Zhejiang Jingsheng Mechanical and Electrical 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 9.36 9.66 12.72 12.97 14.10

Zhejiang Jingsheng Mechanical and Electrical 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 15.33 11.71 11.84 11.74 10.27

Competitive Comparison of Zhejiang Jingsheng Mechanical and Electrical Co's Return-on-Tangible-Asset

For the Semiconductor Equipment & Materials subindustry, Zhejiang Jingsheng Mechanical and Electrical 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.


Zhejiang Jingsheng Mechanical and Electrical Co's Return-on-Tangible-Asset Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zhejiang Jingsheng Mechanical and Electrical Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Zhejiang Jingsheng Mechanical and Electrical Co's Return-on-Tangible-Asset falls into.



Zhejiang Jingsheng Mechanical and Electrical Co Return-on-Tangible-Asset Calculation

Zhejiang Jingsheng Mechanical and Electrical 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 )
=4557.514/( (28460.618+36170.444)/ 2 )
=4557.514/32315.531
=14.10 %

Zhejiang Jingsheng Mechanical and Electrical 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 )
=3454.316/( (33889.608+33375.13)/ 2 )
=3454.316/33632.369
=10.27 %

* 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.


Zhejiang Jingsheng Mechanical and Electrical Co  (SZSE:300316) 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.


Zhejiang Jingsheng Mechanical and Electrical Co Return-on-Tangible-Asset Related Terms

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Zhejiang Jingsheng Mechanical and Electrical Co Business Description

Traded in Other Exchanges
N/A
Address
No. 500, Shunda Road, Linping District, Zhejiang Province, Shangyu District, Hangzhou, CHN, 311199
Zhejiang Jingsheng Mechanical and Electrical Co Ltd is engaged in Research & Development, manufacturing and sales of crystalline silicon growth equipment and its control systems.
Executives
Lu Xiao Wen Directors, executives
Tao Huan Jun Securities Affairs Representative
Zhang Jun Executives
Fu Lin Jian Executives
Zhu Liang Directors, executives
Shi Gang Executives
Cao Jian Wei Directors, executives
Wang Qiu Chao Independent director
Qiu Min Xiu Director
Shen Bo Wei Supervisors
Li Shi Lun Director
Mao Quan Lin Directors, executives

Zhejiang Jingsheng Mechanical and Electrical Co Headlines

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