GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Loctek Ergonomic Technology Corp (SZSE:300729) » Definitions » Return-on-Tangible-Asset

Loctek Ergonomic Technology (SZSE:300729) Return-on-Tangible-Asset : 2.09% (As of Mar. 2025)


View and export this data going back to 2017. Start your Free Trial

What is Loctek Ergonomic Technology 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. Loctek Ergonomic Technology's annualized Net Income for the quarter that ended in Mar. 2025 was ¥207 Mil. Loctek Ergonomic Technology's average total tangible assets for the quarter that ended in Mar. 2025 was ¥9,912 Mil. Therefore, Loctek Ergonomic Technology's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 2.09%.

The historical rank and industry rank for Loctek Ergonomic Technology's Return-on-Tangible-Asset or its related term are showing as below:

SZSE:300729' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.56   Med: 6.52   Max: 12.19
Current: 3.56

During the past 13 years, Loctek Ergonomic Technology's highest Return-on-Tangible-Asset was 12.19%. The lowest was 3.56%. And the median was 6.52%.

SZSE:300729's Return-on-Tangible-Asset is ranked better than
52.01% of 3028 companies
in the Industrial Products industry
Industry Median: 3.295 vs SZSE:300729: 3.56

Loctek Ergonomic Technology Return-on-Tangible-Asset Historical Data

The historical data trend for Loctek Ergonomic Technology'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.

Loctek Ergonomic Technology Return-on-Tangible-Asset Chart

Loctek Ergonomic Technology Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.02 5.51 4.58 10.33 4.10

Loctek Ergonomic Technology Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 4.67 4.35 5.17 3.04 2.09

Competitive Comparison of Loctek Ergonomic Technology's Return-on-Tangible-Asset

For the Business Equipment & Supplies subindustry, Loctek Ergonomic 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.


Loctek Ergonomic Technology's Return-on-Tangible-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Loctek Ergonomic Technology's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Loctek Ergonomic Technology's Return-on-Tangible-Asset falls into.


;
;

Loctek Ergonomic Technology Return-on-Tangible-Asset Calculation

Loctek Ergonomic Technology's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=335.894/( (6523.305+9878.528)/ 2 )
=335.894/8200.9165
=4.10 %

Loctek Ergonomic Technology's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=207.064/( (9878.528+9945.786)/ 2 )
=207.064/9912.157
=2.09 %

* 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.


Loctek Ergonomic Technology  (SZSE:300729) 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.


Loctek Ergonomic Technology Return-on-Tangible-Asset Related Terms

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


Loctek Ergonomic Technology Business Description

Traded in Other Exchanges
N/A
Address
No.757 Rili Middle Road, Floor 20 Aux Building, Yinzhou District, Ningbo, CHN, 315199
Loctek Ergonomic Technology Corp is a China-based company. The company manufactures office systems and equipment including height adjustable desk, sit-stand workstation, monitor arm, TV wall mount specifically designed for plasma, LCD, and LED TVs and exercise bike in China. It also offers table mounts, wall furniture, carts, projector screen, speaker stands.
Executives
Jiang Yi Director
Gu Chao Feng Executives
Xiang Le Hong Directors, executives
Zhu Wei Directors, Directors, and Executives
Pan Yun Ping Directors, executives
Bai Mi Securities Affairs Representative
Zhang Xin Directors, executives
Wu Ya Jun Independent director

Loctek Ergonomic Technology Headlines

No Headlines