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 Lilang's annualizedNet Income for the quarter that ended in Dec. 2023 was HK$569 Mil. China Lilang's average total tangible assets for the quarter that ended in Dec. 2023 was HK$6,844 Mil. Therefore, China Lilang's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 8.31%.
The historical rank and industry rank for China Lilang's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:01234'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.37 Med: 13.2 Max: 18.44
Current: 8.85
During the past 13 years, China Lilang's highest Return-on-Tangible-Asset was 18.44%. The lowest was 8.37%. And the median was 13.20%.
HKSE:01234's Return-on-Tangible-Asset is ranked better than 84.77% of 1077
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.93
vs HKSE:01234: 8.85
China Lilang Return-on-Tangible-Asset Historical Data
The historical data trend for China Lilang'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 China Lilang's Return-on-Tangible-Asset
For the Apparel Manufacturing subindustry, China Lilang'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 Lilang's Return-on-Tangible-Asset Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Lilang's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Lilang's Return-on-Tangible-Asset falls into.
China Lilang Return-on-Tangible-Asset Calculation
China Lilang'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.
China Lilang (HKSE:01234) 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 Lilang Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China Lilang's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Lilang Ltd manufactures business and casual menswear apparel, with roughly two thirds of revenue coming from tops. China Lilang sells its products under the Lilanz brand, which generates the vast majority of the company's revenue, and the L2 brand. All the company's sales are made in China. China Lilang wholesales its products to distributors who operate thousands of Lilanz-branded and L2-branded retail stores. China Lilang also has two self-operated flagship retail stores and sells its products through its own and third-party e-commerce platforms.
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