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Tongda Group Holdings Stock

Tongda Group Holdings ROA 2024

Tongda Group Holdings ROA

-0.09

Ticker

698.HK

ISIN

KYG8917X1218

WKN

787139

In 2024, Tongda Group Holdings's return on assets (ROA) was -0.09, a -1,058.04% increase from the 0.01 ROA in the previous year.

Tongda Group Holdings Aktienanalyse

What does Tongda Group Holdings do?

Tongda Group Holdings Ltd is a Hong Kong-based company that was founded in 1997. The company operates in various industries, including automotive electronics, household appliances, smart home systems, automation technology, and medical equipment. It has subsidiaries in China, Europe, North America, and Asia. The company originally started in the production of household appliances such as kettles, toasters, and blenders. However, it quickly realized the importance of diversifying and expanding into different sectors. Tongda has since invested heavily in expanding its technological and electronic capabilities. In recent years, it has also invested in the automotive sector and now manufactures automotive electronics used in various cars. Tongda's business model is based on the manufacturing of electronic components and devices. It has become an important supplier to other companies due to its expertise in electronics and automation. The company also sells a variety of products directly to customers. Tongda is constantly striving to improve its manufacturing techniques and product development in order to offer the latest and best products to its customers. It places particular emphasis on advanced technologies such as artificial intelligence and the Internet of Things. Tongda is divided into different divisions, including household appliances, automotive electronics, smart home systems, and medical equipment. Each division faces its own challenges and offers specific products. The company has an experienced team of engineers, designers, and manufacturing experts who collaborate to develop new products and improve existing ones. In the household appliances division, Tongda produces a wide range of products, including toasters, kettles, coffee machines, and air purifiers. Advanced technologies are also used to enhance the performance and quality of these products. The automotive electronics division is a significant growth area for the company. Tongda produces a variety of products in this division, including sensors, cameras, and infotainment systems. With its advanced technologies, Tongda has become a key supplier to some of the world's largest automakers. Smart home systems rely on Internet of Things (IoT) technologies to connect various devices and systems in the home. Tongda produces a range of devices in this division, such as smart plugs, surveillance cameras, and wireless speakers. The company has also developed home automation solutions that allow homeowners to control their devices and systems easily and effectively. The medical products division is another important area for the company. Tongda produces artificial joints and implants, among other medical devices. Overall, Tongda Group Holdings Ltd has become a significant player in the electronics and automation industry. The company is constantly striving to evolve and improve its capabilities and technologies. Tongda Group Holdings ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Tongda Group Holdings's Return on Assets (ROA)

Tongda Group Holdings's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Tongda Group Holdings's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Tongda Group Holdings's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Tongda Group Holdings’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Tongda Group Holdings stock

What is the Return on Assets (ROA) of Tongda Group Holdings this year?

The Return on Assets (ROA) of Tongda Group Holdings is -0.09 undefined this year.

What was the ROA of Tongda Group Holdings compared to the previous year?

The ROA of Tongda Group Holdings has increased by -1,058.04% compared to the previous year.

What consequences do high ROA have for investors of Tongda Group Holdings?

A high ROA is advantageous for investors of Tongda Group Holdings, as it indicates that the company efficiently utilizes its assets and generates good profits.

What are the consequences of low ROA for investors in Tongda Group Holdings?

A low ROA can be unfavorable for investors of Tongda Group Holdings as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.

How does an increase in the ROA of Tongda Group Holdings affect the company?

An increase in ROA of Tongda Group Holdings can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Tongda Group Holdings impact the company?

A reduction in the ROA of Tongda Group Holdings can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Tongda Group Holdings?

Some factors that can influence the ROA of Tongda Group Holdings include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Tongda Group Holdings important for investors?

The ROA of Tongda Group Holdings is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.

What strategic measures can Tongda Group Holdings take to improve ROA?

To improve ROA, Tongda Group Holdings can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.

How much dividend does Tongda Group Holdings pay?

Over the past 12 months, Tongda Group Holdings paid a dividend of 0 HKD . This corresponds to a dividend yield of about 0.7 %. For the coming 12 months, Tongda Group Holdings is expected to pay a dividend of 0 HKD.

What is the dividend yield of Tongda Group Holdings?

The current dividend yield of Tongda Group Holdings is 0.7 %.

When does Tongda Group Holdings pay dividends?

Tongda Group Holdings pays a quarterly dividend. This is distributed in the months of October, June, October, June.

How secure is the dividend of Tongda Group Holdings?

Tongda Group Holdings paid dividends every year for the past 3 years.

What is the dividend of Tongda Group Holdings?

For the upcoming 12 months, dividends amounting to 0 HKD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Tongda Group Holdings located?

Tongda Group Holdings is assigned to the 'Information technology' sector.

Wann musste ich die Aktien von Tongda Group Holdings kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Tongda Group Holdings from 6/12/2020 amounting to 0.001 HKD, you needed to have the stock in your portfolio before the ex-date on 5/28/2020.

When did Tongda Group Holdings pay the last dividend?

The last dividend was paid out on 6/12/2020.

What was the dividend of Tongda Group Holdings in the year 2023?

In the year 2023, Tongda Group Holdings distributed 0 HKD as dividends.

In which currency does Tongda Group Holdings pay out the dividend?

The dividends of Tongda Group Holdings are distributed in HKD.

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Andere Kennzahlen von Tongda Group Holdings

Our stock analysis for Tongda Group Holdings Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Tongda Group Holdings Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.