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PT Bank Rakyat Indonesia (Persero) Tbk (PT Bank Rakyat Indonesia (Persero) Tbk) Return-on-Tangible-Asset : 3.27% (As of Mar. 2024)


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What is PT Bank Rakyat Indonesia (Persero) Tbk 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. PT Bank Rakyat Indonesia (Persero) Tbk's annualized Net Income for the quarter that ended in Mar. 2024 was $4,122 Mil. PT Bank Rakyat Indonesia (Persero) Tbk's average total tangible assets for the quarter that ended in Mar. 2024 was $126,086 Mil. Therefore, PT Bank Rakyat Indonesia (Persero) Tbk's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 3.27%.

The historical rank and industry rank for PT Bank Rakyat Indonesia (Persero) Tbk's Return-on-Tangible-Asset or its related term are showing as below:

BKRKF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.25   Med: 2.78   Max: 3.39
Current: 3.29

During the past 13 years, PT Bank Rakyat Indonesia (Persero) Tbk's highest Return-on-Tangible-Asset was 3.39%. The lowest was 1.25%. And the median was 2.78%.

BKRKF's Return-on-Tangible-Asset is ranked better than
94.81% of 1464 companies
in the Banks industry
Industry Median: 0.91 vs BKRKF: 3.29

PT Bank Rakyat Indonesia (Persero) Tbk Return-on-Tangible-Asset Historical Data

The historical data trend for PT Bank Rakyat Indonesia (Persero) Tbk'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.

PT Bank Rakyat Indonesia (Persero) Tbk Return-on-Tangible-Asset Chart

PT Bank Rakyat Indonesia (Persero) Tbk 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 2.62 1.25 1.91 2.80 3.22

PT Bank Rakyat Indonesia (Persero) Tbk 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 3.50 3.13 3.19 3.45 3.27

Competitive Comparison of PT Bank Rakyat Indonesia (Persero) Tbk's Return-on-Tangible-Asset

For the Banks - Regional subindustry, PT Bank Rakyat Indonesia (Persero) Tbk'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.


PT Bank Rakyat Indonesia (Persero) Tbk's Return-on-Tangible-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PT Bank Rakyat Indonesia (Persero) Tbk's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where PT Bank Rakyat Indonesia (Persero) Tbk's Return-on-Tangible-Asset falls into.



PT Bank Rakyat Indonesia (Persero) Tbk Return-on-Tangible-Asset Calculation

PT Bank Rakyat Indonesia (Persero) Tbk'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 )
=3898.538/( (116472.738+125304.203)/ 2 )
=3898.538/120888.4705
=3.22 %

PT Bank Rakyat Indonesia (Persero) Tbk'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 )
=4121.824/( (125304.203+126867.742)/ 2 )
=4121.824/126085.9725
=3.27 %

* 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.


PT Bank Rakyat Indonesia (Persero) Tbk  (OTCPK:BKRKF) 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.


PT Bank Rakyat Indonesia (Persero) Tbk Return-on-Tangible-Asset Related Terms

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PT Bank Rakyat Indonesia (Persero) Tbk (PT Bank Rakyat Indonesia (Persero) Tbk) Business Description

Traded in Other Exchanges
Address
Jalan Jenderal Sudirman No. 44 - 46, Gedung BRI I, 20th Floor, Jakarta, IDN, 10210
PT Bank Rakyat Indonesia (Persero) Tbk is Indonesia's oldest commercial bank, and operates primarily within the country's borders, with some exposure to North Asia. BRI focuses on providing and tailoring banking services to micro, small, and medium enterprises. Its segments are micro, retail, corporate, and others. The company emphasizes integrating financial technology into its various platforms to create ease of access for its customer base. Its core business services include collecting customer deposits, loan disbursement, issuing promissory notes and loan agreements, and collateralization of assets. Its loan products include working capital loans for corporate and commercial customers, and mortgages for consumer customers.