The historical rank and industry rank for China Resources Medical Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:01515'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -66.46 Med: 7.87 Max: 14.62
Current: 1.98
During the past 12 years, China Resources Medical Holdings Co's highest Return-on-Tangible-Asset was 14.62%. The lowest was -66.46%. And the median was 7.87%.
HKSE:01515's Return-on-Tangible-Asset is ranked better than 52% of 675
companies
in the Healthcare Providers & Services industry
Industry Median: 1.55
vs HKSE:01515: 1.98
China Resources Medical Holdings Co 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.
* Premium members only.
China Resources Medical Holdings Co Return-on-Tangible-Asset Chart
Competitive Comparison of China Resources Medical Holdings Co's Return-on-Tangible-Asset
For the Medical Care Facilities subindustry, China Resources Medical Holdings Co'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 Resources Medical Holdings Co's Return-on-Tangible-Asset Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, China Resources Medical Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Resources Medical Holdings Co's Return-on-Tangible-Asset falls into.
China Resources Medical Holdings Co Return-on-Tangible-Asset Calculation
* 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 Resources Medical Holdings Co (HKSE:01515) 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 Resources Medical Holdings Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China Resources Medical Holdings Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Resources Medical Holdings Co (HKSE:01515) Business Description
China Resources Medical Holdings Co Ltd provides a full spectrum of general healthcare services, hospital management services, and also group purchasing organization business and other derived business from hospitals in Mainland China. The group has three operating segments: Self-owned hospitals, IOT/operate-transfer, and Others. The self-owned hospitals segment which generates the majority of revenue is engaged in the provision of out-patient and in-patient services by the consolidated hospitals. IOT/operate-transfer hospitals segment engages in the provision of services to IOT hospitals and OT hospitals. Others segment engages in the provision of services to other kinds of clients.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01515 has been successfully added to your 