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TIPS's Return-on-Tangible-Asset is not ranked *
in the Industrial Products industry.
Industry Median: 3.26 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Tianrong Internet Products And Services (OTCPK:TIPS) 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 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.
Tianrong Internet Products And Services Return-on-Tangible-Asset Related Terms
Tianrong Internet Products And Services 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.
Tianrong Internet Products And Services Return-on-Tangible-Asset Chart
Tianrong Internet Products And Services Annual Data
Trend
Return-on-Tangible-Asset
Tianrong Internet Products And Services Semi-Annual Data
Sep22
Sep23
Return-on-Tangible-Asset
0.00
0.00
TIPS vs TPIC, BW, HNOI: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Tianrong Internet Products And Services'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.
Tianrong Internet Products And Services Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tianrong Internet Products And Services's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tianrong Internet Products And Services'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 one times the annual (Sep. 2023) net income data.
What does a Return-on-Tangible-Asset of 0.00% mean?
Tianrong Internet Products And Services (TIPS) has a Return-on-Tangible-Asset of 0.00% as of Sep. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Tianrong Internet Products And Services and its competitors.
Is Tianrong Internet Products And Services' Return-on-Tangible-Asset too high?
Tianrong Internet Products And Services' current Return-on-Tangible-Asset is 0.00%.
How does Tianrong Internet Products And Services' Return-on-Tangible-Asset compare to TPIC and BW?
Tianrong Internet Products And Services' Return-on-Tangible-Asset of 0.00% can be compared against companies in the Industrial Products industry. The industry median Return-on-Tangible-Asset is 3.26. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,073 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Tianrong Internet Products And Services and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tianrong Internet Products And Services's current Return-on-Tangible-Asset is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianrong Internet Products And Services stock overvalued right now?
Tianrong Internet Products And Services (TIPS) has a current Return-on-Tangible-Asset of 0.00%. The current Return-on-Tangible-Asset is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Tianrong Internet Products And Services (TIPS), the current Return-on-Tangible-Asset is 0.00% as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Tianrong Internet Products And Services Business Description
Address2374 Route 390, Mountainhome, PA, USA, 18342
Tianrong Internet Products And Services Inc is a United States-based holding company whose planning is the acquisition and management of assets in the heavy equipment industry.
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