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. Lion Rock Group's annualizedNet Income for the quarter that ended in Dec. 2023 was HK$228 Mil. Lion Rock Group's average total tangible assets for the quarter that ended in Dec. 2023 was HK$2,316 Mil. Therefore, Lion Rock Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 9.85%.
The historical rank and industry rank for Lion Rock Group's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:01127'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.43 Med: 11.38 Max: 15.32
Current: 8.04
During the past 13 years, Lion Rock Group's highest Return-on-Tangible-Asset was 15.32%. The lowest was 6.43%. And the median was 11.38%.
HKSE:01127's Return-on-Tangible-Asset is ranked better than 71.92% of 1079
companies
in the Business Services industry
Industry Median: 4.08
vs HKSE:01127: 8.04
Lion Rock Group Return-on-Tangible-Asset Historical Data
The historical data trend for Lion Rock Group'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 Lion Rock Group's Return-on-Tangible-Asset
For the Specialty Business Services subindustry, Lion Rock Group'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.
Lion Rock Group's Return-on-Tangible-Asset Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Lion Rock Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Lion Rock Group's Return-on-Tangible-Asset falls into.
Lion Rock Group Return-on-Tangible-Asset Calculation
Lion Rock Group'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 two times the semi-annual (Dec. 2023) net income data.
Lion Rock Group (HKSE:01127) 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.
Lion Rock Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Lion Rock Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Lion Rock Group Ltd is engaged in providing quality printing services to international book publishers, trade, professional and educational conglomerates, print media companies, and government departments. Geographically business presence of the firm can be seen across the countries of Australia, the USA, Spain, Mexico, Germany, Canada, and other regions. The company mainly offers services concerning hardback books, paperback books, wire-o binding, saddle stitching, children's book, board books, and book plus. It generates a majority of its revenue from printing services.
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