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Arab Jordanian Insurance Group (AMM:ARGR) Return-on-Tangible-Asset : 0.00% (As of . 20)


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What is Arab Jordanian Insurance Group 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. Arab Jordanian Insurance Group's annualized Net Income for the quarter that ended in . 20 was JOD Mil. Arab Jordanian Insurance Group's average total tangible assets for the quarter that ended in . 20 was JOD Mil. Therefore, Arab Jordanian Insurance Group's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 was 0.00%.

The historical rank and industry rank for Arab Jordanian Insurance Group's Return-on-Tangible-Asset or its related term are showing as below:

AMM:ARGR's Return-on-Tangible-Asset is not ranked *
in the Insurance industry.
Industry Median: 2.37
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Arab Jordanian Insurance Group Return-on-Tangible-Asset Historical Data

The historical data trend for Arab Jordanian Insurance Group'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.

Arab Jordanian Insurance Group Return-on-Tangible-Asset Chart

Arab Jordanian Insurance Group Annual Data
Trend
Return-on-Tangible-Asset

Arab Jordanian Insurance Group Semi-Annual Data
Return-on-Tangible-Asset

Competitive Comparison of Arab Jordanian Insurance Group's Return-on-Tangible-Asset

For the Insurance - Diversified subindustry, Arab Jordanian Insurance Group'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.


Arab Jordanian Insurance Group's Return-on-Tangible-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Arab Jordanian Insurance Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Arab Jordanian Insurance Group's Return-on-Tangible-Asset falls into.


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Arab Jordanian Insurance Group Return-on-Tangible-Asset Calculation

Arab Jordanian Insurance Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in . 20 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=/( (+)/ )
=/
= %

Arab Jordanian Insurance Group's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: . 20 )  (Q: . 20 )(Q: . 20 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: . 20 )  (Q: . 20 )(Q: . 20 )
=/( (+)/ )
=/
= %

* 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 (. 20) net income data.


Arab Jordanian Insurance Group  (AMM:ARGR) 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.


Arab Jordanian Insurance Group Return-on-Tangible-Asset Related Terms

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Arab Jordanian Insurance Group Business Description

Traded in Other Exchanges
N/A
Address
Shareef Nasser Bin Jameel Street, Amman Wadi Saqra, Building No. 34, P.O. Box 840657, Amman, JOR, 11184
Arab Jordanian Insurance Group provides insurance services. The company's products and services include Vehicles, Marine, Shipping, Fire and other Property damages, Medical and other life insurance. Geographically, it derives a majority of its revenue from Jordan.

Arab Jordanian Insurance Group Headlines

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