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Seef Properties BSC (BAH:SEEF) Return-on-Tangible-Asset : 3.15% (As of Mar. 2024)


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What is Seef Properties BSC 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. Seef Properties BSC's annualized Net Income for the quarter that ended in Mar. 2024 was BHD5.59 Mil. Seef Properties BSC's average total tangible assets for the quarter that ended in Mar. 2024 was BHD177.38 Mil. Therefore, Seef Properties BSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 3.15%.

The historical rank and industry rank for Seef Properties BSC's Return-on-Tangible-Asset or its related term are showing as below:

BAH:SEEF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.6   Med: 6.46   Max: 8.11
Current: 3.53

During the past 13 years, Seef Properties BSC's highest Return-on-Tangible-Asset was 8.11%. The lowest was 2.60%. And the median was 6.46%.

BAH:SEEF's Return-on-Tangible-Asset is ranked better than
71.9% of 1822 companies
in the Real Estate industry
Industry Median: 1.05 vs BAH:SEEF: 3.53

Seef Properties BSC Return-on-Tangible-Asset Historical Data

The historical data trend for Seef Properties BSC'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.

Seef Properties BSC Return-on-Tangible-Asset Chart

Seef Properties BSC 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 6.38 2.60 2.84 3.45 3.59

Seef Properties BSC 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 3.48 4.03 3.38 3.56 3.15

Competitive Comparison of Seef Properties BSC's Return-on-Tangible-Asset

For the Real Estate Services subindustry, Seef Properties BSC'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.


Seef Properties BSC's Return-on-Tangible-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Seef Properties BSC's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Seef Properties BSC's Return-on-Tangible-Asset falls into.



Seef Properties BSC Return-on-Tangible-Asset Calculation

Seef Properties BSC'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 )
=6.44/( (179.349+178.994)/ 2 )
=6.44/179.1715
=3.59 %

Seef Properties BSC'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 )
=5.588/( (178.994+175.767)/ 2 )
=5.588/177.3805
=3.15 %

* 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.


Seef Properties BSC  (BAH:SEEF) 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.


Seef Properties BSC Return-on-Tangible-Asset Related Terms

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Seef Properties BSC (BAH:SEEF) Business Description

Traded in Other Exchanges
N/A
Address
Building 2102, Road 2825, Block 428, P.O. Box 20084,, Seef District, Manama, BHR
Seef Properties BSC is an integrated real estate development company in the Kingdom of Bahrain. The company specialised in developing and managing commercial leisure and recreational facilities. It also owns and manages three Seef Malls located in different areas around the Kingdom. Magic Island, is an Indoor theme park located within its Malls. Al Liwan, a mixed-use development project, and Fraser Suites Seef Bahrain serviced apartments located in Seef Mall and managed by Fraser Suites, a global hospitality brand.

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