What is El Sewedy Electric 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. El Sewedy Electric Co's annualizedNet Income for the quarter that ended in Dec. 2023 was E£8,182 Mil. El Sewedy Electric Co's average total tangible assets for the quarter that ended in Dec. 2023 was E£145,311 Mil. Therefore, El Sewedy Electric Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 5.63%.
The historical rank and industry rank for El Sewedy Electric Co's Return-on-Tangible-Asset or its related term are showing as below:
CAI:SWDY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3 Med: 7.72 Max: 15.79
Current: 7.45
During the past 13 years, El Sewedy Electric Co's highest Return-on-Tangible-Asset was 15.79%. The lowest was 3.00%. And the median was 7.72%.
CAI:SWDY's Return-on-Tangible-Asset is ranked better than 74.84% of 3021
companies
in the Industrial Products industry
Industry Median: 3.75
vs CAI:SWDY: 7.45
El Sewedy Electric Co Return-on-Tangible-Asset Historical Data
The historical data trend for El Sewedy Electric 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.
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El Sewedy Electric Co Return-on-Tangible-Asset Chart
Competitive Comparison of El Sewedy Electric Co's Return-on-Tangible-Asset
For the Electrical Equipment & Parts subindustry, El Sewedy Electric 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.
El Sewedy Electric Co's Return-on-Tangible-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, El Sewedy Electric Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where El Sewedy Electric Co's Return-on-Tangible-Asset falls into.
El Sewedy Electric Co Return-on-Tangible-Asset Calculation
El Sewedy Electric 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 (Dec. 2023) net income data.
El Sewedy Electric Co (CAI:SWDY) 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.
El Sewedy Electric Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of El Sewedy Electric Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
El Sewedy Electric Co (CAI:SWDY) Business Description
El Sewedy Electric Co is an Egypt based company that is engaged in the machinery business sector. The company's operating segment includes Cables, Constructions and Electricity products. The Cables segment is engaged in manufacturing, marketing and trading the cables. The constructions segment executes construction related to power generation units and electricity distribution networks. Electricity products segment manufactures, electric meters, transformers, electric joints, and market and trade the products. Geographically, it derives most of the revenue from Egypt.
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