What is China Dongxiang (Group) Co 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 Dongxiang (Group) Co's annualizedNet Income for the quarter that ended in Sep. 2023 was HK$-879 Mil. China Dongxiang (Group) Co's average total tangible assets for the quarter that ended in Sep. 2023 was HK$11,313 Mil. Therefore, China Dongxiang (Group) Co's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was -7.77%.
The historical rank and industry rank for China Dongxiang (Group) Co's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:03818'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.98 Med: 7.35 Max: 15.68
Current: 0.76
During the past 13 years, China Dongxiang (Group) Co's highest Return-on-Tangible-Asset was 15.68%. The lowest was -15.98%. And the median was 7.35%.
HKSE:03818's Return-on-Tangible-Asset is ranked worse than 60.63% of 1077
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.93
vs HKSE:03818: 0.76
China Dongxiang (Group) 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.
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China Dongxiang (Group) Co Return-on-Tangible-Asset Chart
Competitive Comparison of China Dongxiang (Group) Co's Return-on-Tangible-Asset
For the Apparel Manufacturing subindustry, China Dongxiang (Group) 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 Dongxiang (Group) Co's Return-on-Tangible-Asset Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Dongxiang (Group) Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Dongxiang (Group) Co's Return-on-Tangible-Asset falls into.
China Dongxiang (Group) Co Return-on-Tangible-Asset Calculation
China Dongxiang (Group) Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 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 (Sep. 2023) net income data.
China Dongxiang (Group) Co (HKSE:03818) 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 Dongxiang (Group) Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of China Dongxiang (Group) Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Dongxiang (Group) Co (HKSE:03818) Business Description
China Dongxiang (Group) Co Ltd manufactures sports apparel and footwear. Its main brand is Kappa, which it sells in China. The company's primary sales channel is wholesale to distributors. The company also sells directly to consumers through more than 1,000 company-operated retail stores and outlets in China and through its e-commerce channel. It has two segments China Apparel and Investment. Sales in China account for most of the total company's revenue.
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