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National Steel Industry Co (AMM:NAST) Return-on-Tangible-Asset : 0.00% (As of . 20)


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What is National Steel Industry 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. National Steel Industry Co's annualized Net Income for the quarter that ended in . 20 was JOD Mil. National Steel Industry Co's average total tangible assets for the quarter that ended in . 20 was JOD Mil. Therefore, National Steel Industry Co's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 was 0.00%.

The historical rank and industry rank for National Steel Industry Co's Return-on-Tangible-Asset or its related term are showing as below:

AMM:NAST's Return-on-Tangible-Asset is not ranked *
in the Steel industry.
Industry Median: 2.02
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

National Steel Industry Co Return-on-Tangible-Asset Historical Data

The historical data trend for National Steel Industry 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.

* Premium members only.

National Steel Industry Co Return-on-Tangible-Asset Chart

National Steel Industry Co Annual Data
Trend
Return-on-Tangible-Asset

National Steel Industry Co Semi-Annual Data
Return-on-Tangible-Asset

Competitive Comparison of National Steel Industry Co's Return-on-Tangible-Asset

For the Steel subindustry, National Steel Industry 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.


National Steel Industry Co's Return-on-Tangible-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, National Steel Industry Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where National Steel Industry Co's Return-on-Tangible-Asset falls into.


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National Steel Industry Co Return-on-Tangible-Asset Calculation

National Steel Industry Co'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 )
=/( (+)/ )
=/
= %

National Steel Industry Co'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.


National Steel Industry Co  (AMM:NAST) 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.


National Steel Industry Co Return-on-Tangible-Asset Related Terms

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National Steel Industry Co Business Description

Traded in Other Exchanges
N/A
Address
Zarqa Wadi Al Osh, Factories neighborhood, P.O. Box 2059, Al Zarqa, JOR, 13110
National Steel Industry Co is a Jordon based company engaged in the activities of the manufacture of iron and steel of all kinds and forms; marketing the company's products in the internal and external markets and practicing all types of trade related to steel.

National Steel Industry Co Headlines

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