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Cleanaway Co (TPE:8422) Return-on-Tangible-Asset : 8.66% (As of Mar. 2025)


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What is Cleanaway 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. Cleanaway Co's annualized Net Income for the quarter that ended in Mar. 2025 was NT$1,779 Mil. Cleanaway Co's average total tangible assets for the quarter that ended in Mar. 2025 was NT$20,543 Mil. Therefore, Cleanaway Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 8.66%.

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

TPE:8422' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.63   Med: 16.75   Max: 24.46
Current: 7.19

During the past 13 years, Cleanaway Co's highest Return-on-Tangible-Asset was 24.46%. The lowest was 6.63%. And the median was 16.75%.

TPE:8422's Return-on-Tangible-Asset is ranked better than
76.38% of 254 companies
in the Waste Management industry
Industry Median: 1.74 vs TPE:8422: 7.19

Cleanaway Co Return-on-Tangible-Asset Historical Data

The historical data trend for Cleanaway 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.

Cleanaway Co Return-on-Tangible-Asset Chart

Cleanaway 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 16.54 15.49 13.22 7.13 6.63

Cleanaway 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 6.15 6.16 6.07 7.60 8.66

Competitive Comparison of Cleanaway Co's Return-on-Tangible-Asset

For the Waste Management subindustry, Cleanaway 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.


Cleanaway Co's Return-on-Tangible-Asset Distribution in the Waste Management Industry

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

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


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Cleanaway Co Return-on-Tangible-Asset Calculation

Cleanaway 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 )
=1172.133/( (15305.58+20041.133)/ 2 )
=1172.133/17673.3565
=6.63 %

Cleanaway 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 )
=1778.896/( (20041.133+21045.737)/ 2 )
=1778.896/20543.435
=8.66 %

* 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.


Cleanaway Co  (TPE:8422) 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.


Cleanaway Co Return-on-Tangible-Asset Related Terms

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Cleanaway Co Business Description

Traded in Other Exchanges
N/A
Address
No. 308, Zhongshan South Road, 1st Floor, Houhong Village, Gangshan District, Kaohsiung, TWN, 820
Cleanaway Co Ltd offers one-stop-shop services for treating forms of waste. It treats various industrial and hazardous waste materials and owns private landfills for final disposal in Taiwan. The company provides systems for daily activities and solutions for cleaning up contaminated sites. Cleaning an entire location can require on-site sampling and experimental studies to return the location to its natural form. Cleanway provides technologies, contracts, clearance, and transportation to the designated landfill, and it enforces strict compliance with all regulations. Part of the process focuses on quality control and random testing to prevent non-treated or unapproved wastes from entering the company's landfills.

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