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CSSC Offshore & Marine Engineering (Group) Co (STU:GSZ) Return-on-Tangible-Asset : 0.12% (As of Mar. 2024)


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What is CSSC Offshore & Marine Engineering (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. CSSC Offshore & Marine Engineering (Group) Co's annualized Net Income for the quarter that ended in Mar. 2024 was €8 Mil. CSSC Offshore & Marine Engineering (Group) Co's average total tangible assets for the quarter that ended in Mar. 2024 was €6,396 Mil. Therefore, CSSC Offshore & Marine Engineering (Group) Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 0.12%.

The historical rank and industry rank for CSSC Offshore & Marine Engineering (Group) Co's Return-on-Tangible-Asset or its related term are showing as below:

STU:GSZ' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.13   Med: 0.21   Max: 8.31
Current: 0.19

During the past 13 years, CSSC Offshore & Marine Engineering (Group) Co's highest Return-on-Tangible-Asset was 8.31%. The lowest was -4.13%. And the median was 0.21%.

STU:GSZ's Return-on-Tangible-Asset is ranked worse than
65.92% of 311 companies
in the Aerospace & Defense industry
Industry Median: 2.61 vs STU:GSZ: 0.19

CSSC Offshore & Marine Engineering (Group) Co Return-on-Tangible-Asset Historical Data

The historical data trend for CSSC Offshore & Marine Engineering (Group) Co'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.

* Premium members only.

CSSC Offshore & Marine Engineering (Group) Co Return-on-Tangible-Asset Chart

CSSC Offshore & Marine Engineering (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.15 8.22 0.20 1.53 0.10

CSSC Offshore & Marine Engineering (Group) Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.23 0.34 0.10 0.19 0.12

Competitive Comparison of CSSC Offshore & Marine Engineering (Group) Co's Return-on-Tangible-Asset

For the Aerospace & Defense subindustry, CSSC Offshore & Marine Engineering (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.


CSSC Offshore & Marine Engineering (Group) Co's Return-on-Tangible-Asset Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CSSC Offshore & Marine Engineering (Group) Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where CSSC Offshore & Marine Engineering (Group) Co's Return-on-Tangible-Asset falls into.



CSSC Offshore & Marine Engineering (Group) Co Return-on-Tangible-Asset Calculation

CSSC Offshore & Marine Engineering (Group) Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=6.173/( (6174.168+6418.313)/ 2 )
=6.173/6296.2405
=0.10 %

CSSC Offshore & Marine Engineering (Group) Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=7.856/( (6418.313+6373.511)/ 2 )
=7.856/6395.912
=0.12 %

* 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.


CSSC Offshore & Marine Engineering (Group) Co  (STU:GSZ) 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 company’s 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 company’s 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.


CSSC Offshore & Marine Engineering (Group) Co Return-on-Tangible-Asset Related Terms

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CSSC Offshore & Marine Engineering (Group) Co (STU:GSZ) Business Description

Traded in Other Exchanges
Address
No. 137 Gexin Road, 15th Floor, Marine Tower, Shipping Building, Haizhu District, Guangdong Province, Guangzhou, CHN, 510250
CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through three business segments: Shipbuilding and related business, Steel Structure engineering, Ship maintenance and modification, and others.

CSSC Offshore & Marine Engineering (Group) Co (STU:GSZ) Headlines

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