The historical rank and industry rank for Teco Electric & Machinery Co's Return-on-Tangible-Asset or its related term are showing as below:
LSE:TECD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.72 Med: 3.8 Max: 5.11
Current: 4.29
During the past 13 years, Teco Electric & Machinery Co's highest Return-on-Tangible-Asset was 5.11%. The lowest was 2.72%. And the median was 3.80%.
LSE:TECD's Return-on-Tangible-Asset is ranked better than 54.87% of 3011
companies
in the Industrial Products industry
Industry Median: 3.78
vs LSE:TECD: 4.29
Teco Electric & Machinery 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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Teco Electric & Machinery Co Return-on-Tangible-Asset Chart
Competitive Comparison of Teco Electric & Machinery Co's Return-on-Tangible-Asset
For the Specialty Industrial Machinery subindustry, Teco Electric & Machinery 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.
Teco Electric & Machinery Co's Return-on-Tangible-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Teco Electric & Machinery Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Teco Electric & Machinery Co's Return-on-Tangible-Asset falls into.
Teco Electric & Machinery Co Return-on-Tangible-Asset Calculation
Teco Electric & Machinery Co'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 four times the quarterly (Mar. 2024) net income data.
Teco Electric & Machinery Co (LSE:TECD) 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.
Teco Electric & Machinery Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Teco Electric & Machinery Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Teco Electric & Machinery Co (LSE:TECD) Business Description
Teco Electric & Machinery Co Ltd is a Taiwan-based company that manufactures and sells various types of mechanical equipment, air-conditioning units and electronic equipment products. The company's Heavy industrial products, the largest product line by revenue contribution, are used in fluid machinery, elevators, cranes, petrochemical machinery, rolling mills, pumps, and various other machinery. The company's home appliance offerings comprise air conditioners, refrigerators, washing machines, televisions, air purifiers, and others. The company also provides automation products such as converters, servo controllers, and circuit breakers. The company generates the majority of its sales from Taiwan.
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