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BCO Estado de Sergipe - Banese (BSP:BGIP4) Return-on-Tangible-Asset : 2.09% (As of Jun. 2024)


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What is BCO Estado de Sergipe - Banese 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. BCO Estado de Sergipe - Banese's annualized Net Income for the quarter that ended in Jun. 2024 was R$221 Mil. BCO Estado de Sergipe - Banese's average total tangible assets for the quarter that ended in Jun. 2024 was R$10,551 Mil. Therefore, BCO Estado de Sergipe - Banese's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 2.09%.

The historical rank and industry rank for BCO Estado de Sergipe - Banese's Return-on-Tangible-Asset or its related term are showing as below:

BSP:BGIP4' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.19   Med: 1.03   Max: 1.82
Current: 1.19

During the past 13 years, BCO Estado de Sergipe - Banese's highest Return-on-Tangible-Asset was 1.82%. The lowest was 0.19%. And the median was 1.03%.

BSP:BGIP4's Return-on-Tangible-Asset is ranked better than
67.9% of 1545 companies
in the Banks industry
Industry Median: 0.87 vs BSP:BGIP4: 1.19

BCO Estado de Sergipe - Banese Return-on-Tangible-Asset Historical Data

The historical data trend for BCO Estado de Sergipe - Banese'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.

BCO Estado de Sergipe - Banese Return-on-Tangible-Asset Chart

BCO Estado de Sergipe - Banese 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 1.47 0.74 1.12 0.94 0.53

BCO Estado de Sergipe - Banese Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -0.49 0.15 1.73 0.70 2.09

Competitive Comparison of BCO Estado de Sergipe - Banese's Return-on-Tangible-Asset

For the Banks - Regional subindustry, BCO Estado de Sergipe - Banese'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.


BCO Estado de Sergipe - Banese's Return-on-Tangible-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, BCO Estado de Sergipe - Banese's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where BCO Estado de Sergipe - Banese's Return-on-Tangible-Asset falls into.



BCO Estado de Sergipe - Banese Return-on-Tangible-Asset Calculation

BCO Estado de Sergipe - Banese'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 )
=47.47/( (8289.737+9615.966)/ 2 )
=47.47/8952.8515
=0.53 %

BCO Estado de Sergipe - Banese's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=220.84/( (10398.955+10702.396)/ 2 )
=220.84/10550.6755
=2.09 %

* 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 (Jun. 2024) net income data.


BCO Estado de Sergipe - Banese  (BSP:BGIP4) 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.


BCO Estado de Sergipe - Banese Return-on-Tangible-Asset Related Terms

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BCO Estado de Sergipe - Banese Business Description

Traded in Other Exchanges
Address
Rua F - 31, Aracaju, SE, BRA, 49040240
BCO Estado de Sergipe SA - Banese offers a range of banking products and services to individuals and corporates in the areas of loans and deposits, investment banking, portfolio management, leasing, pension, as well as life and property insurance and Internet banking services.

BCO Estado de Sergipe - Banese Headlines

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