What is Long Bon Development 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. Long Bon Development Co's annualizedNet Income for the quarter that ended in Mar. 2025 was NT$767 Mil. Long Bon Development Co's average total tangible assets for the quarter that ended in Mar. 2025 was NT$39,521 Mil. Therefore, Long Bon Development Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 1.94%.
The historical rank and industry rank for Long Bon Development Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:2514'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.09 Med: 2.76 Max: 8.9
Current: 1.91
During the past 13 years, Long Bon Development Co's highest Return-on-Tangible-Asset was 8.90%. The lowest was 0.09%. And the median was 2.76%.
TPE:2514's Return-on-Tangible-Asset is ranked worse than 56.89% of 1742
companies
in the Construction industry
Industry Median: 2.685
vs TPE:2514: 1.91
Long Bon Development Co Return-on-Tangible-Asset Historical Data
The historical data trend for Long Bon Development 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.
Long Bon Development Co Return-on-Tangible-Asset Chart
Competitive Comparison of Long Bon Development Co's Return-on-Tangible-Asset
For the Engineering & Construction subindustry, Long Bon Development 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.
Long Bon Development Co's Return-on-Tangible-Asset Distribution in the Construction Industry
For the Construction industry and Industrials sector, Long Bon Development Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Long Bon Development Co'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 four times the quarterly (Mar. 2025) net income data.
Long Bon Development Co (TPE:2514) 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.
Long Bon Development Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Long Bon Development Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Long Bon Development Co Ltd is a Taiwan-based company with operations in commercial property and car-park leasing, property developments, hotel management, and online shopping services. The company is also engaged in the management of the Qiaoyuan clubhouse, including guest rooms, conference rooms, and education and training rooms. Investment, Funeral, and Recreation were the group's four segments. Construction projects are the focus of the construction segment. The investment segment invests in financial instruments, while the funeral division provides funeral services and other services. Sports facilities are provided by the recreation segment. The majority of the revenue of the group is from the construction segment.
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