SZSE:300435'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.78 Med: 6.99 Max: 11.88
Current: -1.15
During the past 13 years, Hangzhou Zhongtai Cryogenic Technology's highest Return-on-Tangible-Asset was 11.88%. The lowest was -1.78%. And the median was 6.99%.
SZSE:300435's Return-on-Tangible-Asset is ranked worse than 76.65% of 3028
companies
in the Industrial Products industry
Industry Median: 3.295
vs SZSE:300435: -1.15
Hangzhou Zhongtai Cryogenic Technology 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.
Competitive Comparison of Hangzhou Zhongtai Cryogenic Technology's Return-on-Tangible-Asset
For the Specialty Industrial Machinery subindustry, Hangzhou Zhongtai Cryogenic Technology'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.
Hangzhou Zhongtai Cryogenic Technology's Return-on-Tangible-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hangzhou Zhongtai Cryogenic Technology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hangzhou Zhongtai Cryogenic Technology'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.
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.
Hangzhou Zhongtai Cryogenic Technology Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Hangzhou Zhongtai Cryogenic Technology's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Hangzhou Zhongtai Cryogenic Technology Business Description
Hangzhou Zhongtai Cryogenic Technology Corp is a technology equipment and solution supplier. Its a provider of cryogenic technology processes and equipment. Its main business is process development, equipment design, manufacturing and sales of cryogenic technology. Its products are plate-fin heat exchangers, cold boxes and complete sets of equipment, including natural gas liquefaction equipment, air separation complete sets, carbon monoxide/hydrogen separation equipment.
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