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EIT Environmental Development Group Co (SZSE:300815) Return-on-Tangible-Asset : 7.54% (As of Mar. 2025)


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What is EIT Environmental Development Group 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. EIT Environmental Development Group Co's annualized Net Income for the quarter that ended in Mar. 2025 was ¥645 Mil. EIT Environmental Development Group Co's average total tangible assets for the quarter that ended in Mar. 2025 was ¥8,555 Mil. Therefore, EIT Environmental Development Group Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 7.54%.

The historical rank and industry rank for EIT Environmental Development Group Co's Return-on-Tangible-Asset or its related term are showing as below:

SZSE:300815' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.48   Med: 14.28   Max: 19.22
Current: 7.48

During the past 11 years, EIT Environmental Development Group Co's highest Return-on-Tangible-Asset was 19.22%. The lowest was 7.48%. And the median was 14.28%.

SZSE:300815's Return-on-Tangible-Asset is ranked better than
77.56% of 254 companies
in the Waste Management industry
Industry Median: 1.775 vs SZSE:300815: 7.48

EIT Environmental Development Group Co Return-on-Tangible-Asset Historical Data

The historical data trend for EIT Environmental Development Group 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.

EIT Environmental Development Group Co Return-on-Tangible-Asset Chart

EIT Environmental Development Group Co 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 18.92 10.24 9.32 8.26 7.52

EIT Environmental Development Group Co 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 8.50 9.99 8.88 3.90 7.54

Competitive Comparison of EIT Environmental Development Group Co's Return-on-Tangible-Asset

For the Waste Management subindustry, EIT Environmental Development Group 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.


EIT Environmental Development Group Co's Return-on-Tangible-Asset Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, EIT Environmental Development Group Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where EIT Environmental Development Group Co's Return-on-Tangible-Asset falls into.


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EIT Environmental Development Group Co Return-on-Tangible-Asset Calculation

EIT Environmental Development Group Co'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 )
=575.35/( (6896.971+8398.782)/ 2 )
=575.35/7647.8765
=7.52 %

EIT Environmental Development Group Co'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 )
=645.092/( (8398.782+8711.834)/ 2 )
=645.092/8555.308
=7.54 %

* 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.


EIT Environmental Development Group Co  (SZSE:300815) 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.


EIT Environmental Development Group Co Return-on-Tangible-Asset Related Terms

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EIT Environmental Development Group Co Business Description

Traded in Other Exchanges
N/A
Address
Tianxin Avenue, Building 5, E-commerce Industrial Park, Zhumeng Town, Yuexi County, Anhui Province, Anqing, CHN, 246600
EIT Environmental Development Group Co Ltd is engaged in provision of sanitation management services such as property cleaning and municipal sanitation. The company's services include building cleaning services; road cleaning and cleaning; garbage removal and transportation; environmental protection engineering; biodiesel processing and manufacturing; garbage classification project operation management, design and technical development of garbage transfer stations; construction and operation management of environmental protection industries such as RDF technology, anaerobic biogas production technology incineration; domestic waste classification and recycling, kitchen waste recycling and processing, and related environmental protection equipment manufacturing.
Executives
Wang Dong Yan Director
Zhou Ming Director
Zhou Cong Director
Chen Qiang Supervisors

EIT Environmental Development Group Co Headlines

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