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The historical rank and industry rank for Zhidao International (Holdings)'s Return-on-Tangible-Asset or its related term are showing as below:
ZDAOF's Return-on-Tangible-Asset is not ranked *
in the Metals & Mining industry.
Industry Median: -17.365 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Zhidao International (Holdings) (OTCPK:ZDAOF) 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.
Zhidao International (Holdings) Return-on-Tangible-Asset Related Terms
Zhidao International (Holdings) 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.
Zhidao International (Holdings) Return-on-Tangible-Asset Chart
For the Aluminum subindustry, Zhidao International (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.
Zhidao International (Holdings) Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Zhidao International (Holdings)'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zhidao International (Holdings)'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 two times the semi-annual (Sep. 2024) net income data.
What does a Return-on-Tangible-Asset of -2.87% mean?
Zhidao International (Holdings) (ZDAOF) has a Return-on-Tangible-Asset of -2.87% as of Sep. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Zhidao International (Holdings) and its competitors.
Is Zhidao International (Holdings)'s Return-on-Tangible-Asset too high?
Zhidao International (Holdings)'s current Return-on-Tangible-Asset is -2.87%. Overall, Zhidao International (Holdings) has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Zhidao International (Holdings)'s Return-on-Tangible-Asset compare to AA?
Zhidao International (Holdings)'s Return-on-Tangible-Asset of -2.87% can be compared against companies in the Metals & Mining industry. 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 a Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. 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 Zhidao International (Holdings) and its competitors. Zhidao International (Holdings)'s current Return-on-Tangible-Asset is -2.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhidao International (Holdings) stock overvalued right now?
Zhidao International (Holdings) (ZDAOF) has a current Return-on-Tangible-Asset of -2.87%. The current Return-on-Tangible-Asset is -2.87%. Zhidao International (Holdings)'s overall GF Score™ is 9/100. 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 Zhidao International (Holdings) (ZDAOF), the current Return-on-Tangible-Asset is -2.87% as of Sep. 2024. 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.
Zhidao International (Holdings) Business Description
Zhidao International (Holdings) Ltd trades and supplies aluminum products. Its segments include trading of aluminum products, construction projects, and money lending. The company generates maximum revenue from the construction projects segment. The construction projects segment includes a supply of aluminum products in construction projects and an extension to the provision of construction and engineering services. Geographically, it derives a majority of its revenue from Macau.
9GF Score
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