GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sanhe Tongfei Refrigeration Co Ltd (SZSE:300990) » Definitions » Return-on-Tangible-Asset

Sanhe Tongfei Refrigeration Co (SZSE:300990) Return-on-Tangible-Asset : 10.80% (As of Mar. 2025)


View and export this data going back to 2021. Start your Free Trial

What is Sanhe Tongfei Refrigeration 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. Sanhe Tongfei Refrigeration Co's annualized Net Income for the quarter that ended in Mar. 2025 was ¥248 Mil. Sanhe Tongfei Refrigeration Co's average total tangible assets for the quarter that ended in Mar. 2025 was ¥2,293 Mil. Therefore, Sanhe Tongfei Refrigeration Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 10.80%.

The historical rank and industry rank for Sanhe Tongfei Refrigeration Co's Return-on-Tangible-Asset or its related term are showing as below:

SZSE:300990' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.02   Med: 16.36   Max: 29.61
Current: 9.89

During the past 8 years, Sanhe Tongfei Refrigeration Co's highest Return-on-Tangible-Asset was 29.61%. The lowest was 7.02%. And the median was 16.36%.

SZSE:300990's Return-on-Tangible-Asset is ranked better than
84.94% of 3028 companies
in the Industrial Products industry
Industry Median: 3.29 vs SZSE:300990: 9.89

Sanhe Tongfei Refrigeration Co Return-on-Tangible-Asset Historical Data

The historical data trend for Sanhe Tongfei Refrigeration 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.

Sanhe Tongfei Refrigeration Co Return-on-Tangible-Asset Chart

Sanhe Tongfei Refrigeration Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial 29.61 11.40 7.73 9.79 7.02

Sanhe Tongfei Refrigeration 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 1.03 3.41 9.43 15.11 10.80

Competitive Comparison of Sanhe Tongfei Refrigeration Co's Return-on-Tangible-Asset

For the Specialty Industrial Machinery subindustry, Sanhe Tongfei Refrigeration 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.


Sanhe Tongfei Refrigeration Co's Return-on-Tangible-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sanhe Tongfei Refrigeration Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Sanhe Tongfei Refrigeration Co's Return-on-Tangible-Asset falls into.


;
;

Sanhe Tongfei Refrigeration Co Return-on-Tangible-Asset Calculation

Sanhe Tongfei Refrigeration 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 )
=153.428/( (2023.172+2350.703)/ 2 )
=153.428/2186.9375
=7.02 %

Sanhe Tongfei Refrigeration 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 )
=247.628/( (2350.703+2235.178)/ 2 )
=247.628/2292.9405
=10.80 %

* 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.


Sanhe Tongfei Refrigeration Co  (SZSE:300990) 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.


Sanhe Tongfei Refrigeration Co Return-on-Tangible-Asset Related Terms

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


Sanhe Tongfei Refrigeration Co Business Description

Traded in Other Exchanges
N/A
Address
No. 3 Jinzhan Road, Railway Station, Hebei Province, Sanhe, CHN, 065200
Sanhe Tongfei Refrigeration Co Ltd is a high-tech enterprise integrating R&D, manufacturing, marketing and services. The company has refrigeration performance testing center. The company deals in various products such as series oil chiller, series water chiller, hydraulic oil heat exchanger, industrial heat exchangers, pure water cooling unit and others. The products have been widely used to various industries, such as machine tool, electronics, military, aerospace, automobile, shipping, rail haulage, communication, and industrial cleaning.

Sanhe Tongfei Refrigeration Co Headlines

No Headlines