What is China Unicom (Hong Kong) 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. China Unicom (Hong Kong)'s annualizedNet Income for the quarter that ended in Dec. 2023 was $829 Mil. China Unicom (Hong Kong)'s average total tangible assets for the quarter that ended in Dec. 2023 was $89,768 Mil. Therefore, China Unicom (Hong Kong)'s annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 0.92%.
The historical rank and industry rank for China Unicom (Hong Kong)'s Return-on-Tangible-Asset or its related term are showing as below:
CHU'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.1 Med: 2.22 Max: 2.97
Current: 1.85
During the past 13 years, China Unicom (Hong Kong)'s highest Return-on-Tangible-Asset was 2.97%. The lowest was 0.10%. And the median was 2.22%.
CHU's Return-on-Tangible-Asset is ranked worse than 56.74% of 386
companies
in the Telecommunication Services industry
Industry Median: 3.065
vs CHU: 1.85
China Unicom (Hong Kong) Return-on-Tangible-Asset Historical Data
The historical data trend for China Unicom (Hong Kong)'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.
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China Unicom (Hong Kong) Return-on-Tangible-Asset Chart
Competitive Comparison of China Unicom (Hong Kong)'s Return-on-Tangible-Asset
For the Telecom Services subindustry, China Unicom (Hong Kong)'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.
China Unicom (Hong Kong)'s Return-on-Tangible-Asset Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, China Unicom (Hong Kong)'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Unicom (Hong Kong)'s Return-on-Tangible-Asset falls into.
China Unicom (Hong Kong) Return-on-Tangible-Asset Calculation
China Unicom (Hong Kong)'s annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* 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. 2023) net income data.
China Unicom (Hong Kong) (NYSE:CHU) 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.
China Unicom (Hong Kong) Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China Unicom (Hong Kong)'s Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Unicom (Hong Kong) (China Unicom (Hong Kong)) Business Description
China Unicom is the incumbent fixed-line operator in 10 northern Chinese provinces, as well as the third-largest wireless operator nationwide. As at June 2023, it had 328 million billing wireless customers and around 108 million broadband subscribers. China Unicom also has a growing ICT business. We estimate it has the third largest internet data center business in China and its Cloud Service revenue is also showing very strong growth. It has its own 4G network and shares the radio access function with China Telecom for its 5G network.
China Unicom (Hong Kong) (China Unicom (Hong Kong)) Headlines
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