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TIRX (Tian Ruixiang Holdings) Return-on-Tangible-Asset : -7.26% (As of Oct. 2024)


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What is Tian Ruixiang Holdings 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. Tian Ruixiang Holdings's annualized Net Income for the quarter that ended in Oct. 2024 was $-2.76 Mil. Tian Ruixiang Holdings's average total tangible assets for the quarter that ended in Oct. 2024 was $38.09 Mil. Therefore, Tian Ruixiang Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2024 was -7.26%.

The historical rank and industry rank for Tian Ruixiang Holdings's Return-on-Tangible-Asset or its related term are showing as below:

TIRX' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.45   Med: -2.45   Max: 101.48
Current: -10.71

During the past 8 years, Tian Ruixiang Holdings's highest Return-on-Tangible-Asset was 101.48%. The lowest was -12.45%. And the median was -2.45%.

TIRX's Return-on-Tangible-Asset is ranked worse than
97.8% of 500 companies
in the Insurance industry
Industry Median: 2.37 vs TIRX: -10.71

Tian Ruixiang Holdings Return-on-Tangible-Asset Historical Data

The historical data trend for Tian Ruixiang Holdings'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.

Tian Ruixiang Holdings Return-on-Tangible-Asset Chart

Tian Ruixiang Holdings Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Return-on-Tangible-Asset
Get a 7-Day Free Trial 6.99 -7.76 -12.45 -6.96 -10.57

Tian Ruixiang Holdings Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
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 -6.43 -8.25 -5.34 -14.54 -7.26

Competitive Comparison of Tian Ruixiang Holdings's Return-on-Tangible-Asset

For the Insurance Brokers subindustry, Tian Ruixiang Holdings'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.


Tian Ruixiang Holdings's Return-on-Tangible-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Tian Ruixiang Holdings's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Tian Ruixiang Holdings's Return-on-Tangible-Asset falls into.


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Tian Ruixiang Holdings Return-on-Tangible-Asset Calculation

Tian Ruixiang Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Oct. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Oct. 2024 )  (A: Oct. 2023 )(A: Oct. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Oct. 2024 )  (A: Oct. 2023 )(A: Oct. 2024 )
=-3.987/( (35.48+39.979)/ 2 )
=-3.987/37.7295
=-10.57 %

Tian Ruixiang Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Oct. 2024 )  (Q: Apr. 2024 )(Q: Oct. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Oct. 2024 )  (Q: Apr. 2024 )(Q: Oct. 2024 )
=-2.764/( (36.2+39.979)/ 2 )
=-2.764/38.0895
=-7.26 %

* 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 two times the semi-annual (Oct. 2024) net income data.


Tian Ruixiang Holdings  (NAS:TIRX) 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.


Tian Ruixiang Holdings Return-on-Tangible-Asset Related Terms

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Tian Ruixiang Holdings Business Description

Traded in Other Exchanges
N/A
Address
Room 918, Jingding Building, Xicheng District, Beijing, CHN, 100000
Tian Ruixiang Holdings Ltd is an Insurance Brokerage firm. It distributes a wide range of insurance products, which are categorized into two groups; property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and other insurances, such as health insurance, life insurance, and miscellaneous insurances. It also generates a small amount of revenue from risk management services. The firm act on behalf of its customers seeking insurance coverage from insurance companies. It generates revenue from the provision of insurance brokerage services.