PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Return-on-Tangible-Equity : 27.93% (As of Dec. 2023)

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What is PT Gowa Makassar Tourism Development Tbk Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. PT Gowa Makassar Tourism Development Tbk's annualized net income for the quarter that ended in Dec. 2023 was Rp187,721 Mil. PT Gowa Makassar Tourism Development Tbk's average shareholder tangible equity for the quarter that ended in Dec. 2023 was Rp672,182 Mil. Therefore, PT Gowa Makassar Tourism Development Tbk's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 27.93%.

The historical rank and industry rank for PT Gowa Makassar Tourism Development Tbk's Return-on-Tangible-Equity or its related term are showing as below:

ISX:GMTD' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.62 Med: 9.27 Max: 31.95
Current: 20.76

During the past 12 years, PT Gowa Makassar Tourism Development Tbk's highest Return-on-Tangible-Equity was 31.95%. The lowest was -16.62%. And the median was 9.27%.

ISX:GMTD's Return-on-Tangible-Equity is ranked better than
89.29% of 1765 companies
in the Real Estate industry
Industry Median: 3.06 vs ISX:GMTD: 20.76

PT Gowa Makassar Tourism Development Tbk Return-on-Tangible-Equity Historical Data

The historical data trend for PT Gowa Makassar Tourism Development Tbk's Return-on-Tangible-Equity 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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PT Gowa Makassar Tourism Development Tbk Return-on-Tangible-Equity Chart

PT Gowa Makassar Tourism Development Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Return-on-Tangible-Equity

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-9.64

-16.62

-4.79

1.60

20.44

PT Gowa Makassar Tourism Development Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Return-on-Tangible-Equity	Get a 7-Day Free Trial															1.99	18.53	7.41	28.20	27.93

Competitive Comparison of PT Gowa Makassar Tourism Development Tbk's Return-on-Tangible-Equity

For the Real Estate - Development subindustry, PT Gowa Makassar Tourism Development Tbk's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.

PT Gowa Makassar Tourism Development Tbk's Return-on-Tangible-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Gowa Makassar Tourism Development Tbk's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where PT Gowa Makassar Tourism Development Tbk's Return-on-Tangible-Equity falls into.

PT Gowa Makassar Tourism Development Tbk Return-on-Tangible-Equity Calculation

PT Gowa Makassar Tourism Development Tbk's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	129014.314	/	( (566341.772	+	696219.407 )	/ 2 )
	=	129014.314	/	631280.5895
	=	20.44 %

PT Gowa Makassar Tourism Development Tbk's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	187721.336	/	( (648143.666	+	696219.407)	/ 2 )
	=	187721.336	/	672181.5365
	=	27.93 %

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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. Return-on-Tangible-Equity is displayed in the 10-year financial page.

PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.

Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.

PT Gowa Makassar Tourism Development Tbk Return-on-Tangible-Equity Related Terms

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PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) » Definitions » Return-on-Tangible-Equity

Comparable Companies

XTAE:YBOX BKK:CGD PHS:IRC HKSE:03366 BOM:514215 HKSE:00298 CAI:ZMID TSE:1814 XKLS:1503 SHSE:600890

Traded in Other Exchanges

N/A

Address

Jalan Metro Tanjung Bunga Mall GTC, GA-9 No. 1B, Tanjung Bunga, Sulawesi Selatan, Makassar, IDN, 90134

Website

https://www.tanjungbunga.com

PT Gowa Makassar Tourism Development Tbk engages in property development and investment business. It is involved in the development of residential estates, apartments, condominiums, hotels, recreational facilities, commercial complexes, real estate, and other supporting facilities. It classifies its business activities into two business segments, the Core segment which consists of sales of residential houses, shop houses, and ready-to-build land, and a supporting segment consisting of Akkarena tourism area management and urban management. Its projects include Residential and Commercial. Its organization is based in Indonesia and the majority of its revenues are derived from the real estate business.

PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Headlines

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