What is Precision Tsugami (China) 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. Precision Tsugami (China)'s annualizedNet Income for the quarter that ended in Sep. 2023 was HK$475 Mil. Precision Tsugami (China)'s average total tangible assets for the quarter that ended in Sep. 2023 was HK$3,808 Mil. Therefore, Precision Tsugami (China)'s annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was 12.47%.
The historical rank and industry rank for Precision Tsugami (China)'s Return-on-Tangible-Asset or its related term are showing as below:
HKSE:01651'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.3 Med: 12.79 Max: 21.8
Current: 14.47
During the past 9 years, Precision Tsugami (China)'s highest Return-on-Tangible-Asset was 21.80%. The lowest was 4.30%. And the median was 12.79%.
HKSE:01651's Return-on-Tangible-Asset is ranked better than 92.98% of 3022
companies
in the Industrial Products industry
Industry Median: 3.77
vs HKSE:01651: 14.47
Precision Tsugami (China) Return-on-Tangible-Asset Historical Data
The historical data trend for Precision Tsugami (China)'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 Precision Tsugami (China)'s Return-on-Tangible-Asset
For the Tools & Accessories subindustry, Precision Tsugami (China)'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.
Precision Tsugami (China)'s Return-on-Tangible-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Precision Tsugami (China)'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Precision Tsugami (China)'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. 2023) net income data.
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.
Precision Tsugami (China) Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Precision Tsugami (China)'s Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Precision Tsugami (China) (HKSE:01651) Business Description
Precision Tsugami (China) Corp Ltd is engaged in the manufacturing and distribution of computer numerical control (CNC) high precision machine tools; and the provision of commercial consultation services. It manufactures and sells CNC machine tools including Precision lathes, Precision machining centres, Precision thread and form rolling machines and Precision grinding machines under the TSUGAMI brand. The company only has one reportable operating segment which is the manufacture and sale of high precision CNC machine tools. Its products are mainly for the Chinese market and are also sold to Japan, Europe, the US, Southeast Asia and other countries.
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