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The historical rank and industry rank for Abu Dhabi Ship Building PJSC's Return-on-Tangible-Asset or its related term are showing as below:
ADX:ADSB's Return-on-Tangible-Asset is not ranked *
in the Aerospace & Defense industry.
Industry Median: 3.04 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Abu Dhabi Ship Building PJSC (ADX:ADSB) 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.
Abu Dhabi Ship Building PJSC Return-on-Tangible-Asset Related Terms
Abu Dhabi Ship Building PJSC Return-on-Tangible-Asset Historical Data
* 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.
Abu Dhabi Ship Building PJSC Return-on-Tangible-Asset Chart
ADX:ADSB vs GE, RTX, BA: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, Abu Dhabi Ship Building PJSC'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.
Abu Dhabi Ship Building PJSC Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Abu Dhabi Ship Building PJSC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Abu Dhabi Ship Building PJSC's Return-on-Tangible-Asset falls into.
* 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 one times the annual (Dec. 2023) net income data.
What does a Return-on-Tangible-Asset of 1.94% mean?
Abu Dhabi Ship Building PJSC (ADX:ADSB) has a Return-on-Tangible-Asset of 1.94% as of Dec. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Abu Dhabi Ship Building PJSC and its competitors.
Is Abu Dhabi Ship Building PJSC's Return-on-Tangible-Asset too high?
Abu Dhabi Ship Building PJSC's current Return-on-Tangible-Asset is 1.94%. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.04. Abu Dhabi Ship Building PJSC's value of 1.94% is 36.2% below this industry median. Overall, Abu Dhabi Ship Building PJSC has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Abu Dhabi Ship Building PJSC's Return-on-Tangible-Asset compare to GE and RTX?
Abu Dhabi Ship Building PJSC's Return-on-Tangible-Asset of 1.94% can be compared against companies in the Aerospace & Defense industry. The industry median Return-on-Tangible-Asset is 3.04. Abu Dhabi Ship Building PJSC's value of 1.94% is 36.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.04, based on 360 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Abu Dhabi Ship Building PJSC's current Return-on-Tangible-Asset of 1.94% is 36.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Abu Dhabi Ship Building PJSC and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Abu Dhabi Ship Building PJSC's current Return-on-Tangible-Asset is 1.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abu Dhabi Ship Building PJSC stock overvalued right now?
Abu Dhabi Ship Building PJSC (ADX:ADSB) has a current Return-on-Tangible-Asset of 1.94%. The current Return-on-Tangible-Asset is 1.94% and 36.2% below the Aerospace & Defense industry median of 3.04. Abu Dhabi Ship Building PJSC's overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Abu Dhabi Ship Building PJSC (ADX:ADSB), the current Return-on-Tangible-Asset is 1.94% as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Abu Dhabi Ship Building PJSC is a shipbuilder and support services contractor locally and internationally. Its operating segments include New Build and Engineering; Small Boats; Military Repairs and Maintenance; Commercial Repairs and Maintenance and Combat System Integration. It generates maximum revenue from the New Build and Engineering services segment. It provides the design, engineering, research and development, construction, commissioning, test and trials, ILS, upgrades, conversions, and consultancy services for military, commercial, and leisure vessels in any construction material.
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