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. HE Group Bhd's annualizedNet Income for the quarter that ended in Dec. 2024 was RM13.4 Mil. HE Group Bhd's average total tangible assets for the quarter that ended in Dec. 2024 was RM120.7 Mil. Therefore, HE Group Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 11.13%.
The historical rank and industry rank for HE Group Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:0296'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.17 Med: 10.06 Max: 12.31
Current: 11.59
During the past 5 years, HE Group Bhd's highest Return-on-Tangible-Asset was 12.31%. The lowest was 8.17%. And the median was 10.06%.
XKLS:0296's Return-on-Tangible-Asset is ranked better than 89.23% of 1737
companies
in the Construction industry
Industry Median: 2.78
vs XKLS:0296: 11.59
HE Group Bhd Return-on-Tangible-Asset Historical Data
The historical data trend for HE Group Bhd'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.
Competitive Comparison of HE Group Bhd's Return-on-Tangible-Asset
For the Engineering & Construction subindustry, HE Group Bhd'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.
HE Group Bhd's Return-on-Tangible-Asset Distribution in the Construction Industry
For the Construction industry and Industrials sector, HE Group Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where HE Group Bhd'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 (Dec. 2024) net income data.
HE Group Bhd (XKLS:0296) 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.
HE Group Bhd Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of HE Group Bhd's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
HE Group Bhd is an electrical engineering service provider focusing on power distribution systems for end user premises such as industrial plants, and industrial and commercial substations. It is involved in the design, supply, installation, testing, and commissioning of HV, MV, LV, and ELV power distribution systems, as well as hook-up and retrofitting of electrical equipment. It also provides other building systems and works including mechanical systems, control, and instrumentation systems, as well as civil, structural, and architectural works. Its segment includes, namely the provision of power distribution systems, other building systems and works, electrical equipment hook-up and retrofitting, and trading sectors in Malaysia. Maximum revenue is generated from power distribution.
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