Bangkok ExpresswayBKK:BECL-R Return-on-Tangible-Asset is 19.55% as of Sep. 2015, which is 92% above its 10-year median of 10.19. The stock has 2 warning signs investors should review.
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. Bangkok Expressway's annualizedNet Income for the quarter that ended in Sep. 2015 was ฿6,669.65 Mil. Bangkok Expressway's average total tangible assets for the quarter that ended in Sep. 2015 was ฿34,111.33 Mil. Therefore, Bangkok Expressway's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2015 was 19.55%.
The historical rank and industry rank for Bangkok Expressway's Return-on-Tangible-Asset or its related term are showing as below:
BKK:BECL-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.05 Med: 10.19 Max: 30.88
Current: 12.87
During the past 12 years, Bangkok Expressway's highest Return-on-Tangible-Asset was 30.88%. The lowest was 3.05%. And the median was 10.19%.
BKK:BECL-R's Return-on-Tangible-Asset is not ranked
in the Construction industry.
Industry Median: 3
vs BKK:BECL-R: 12.87
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.
Bangkok Expressway Return-on-Tangible-Asset Related Terms
Bangkok Expressway Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Bangkok Expressway'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.
BKK:BECL-R vs GVA, PRIM: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Bangkok Expressway'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.
Bangkok Expressway Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Bangkok Expressway's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bangkok Expressway'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 four times the quarterly (Sep. 2015) net income data.
What does a Return-on-Tangible-Asset of 19.55% mean?
Bangkok Expressway (BKK:BECL-R) has a Return-on-Tangible-Asset of 19.55% as of Sep. 2015. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Bangkok Expressway and its competitors. This is 92% above median its historical median of 10.19. Over the past decade, Bangkok Expressway's Return-on-Tangible-Asset has ranged from 3.05 to 30.88.
Is Bangkok Expressway's Return-on-Tangible-Asset too high?
Bangkok Expressway's current Return-on-Tangible-Asset of 19.55% is 92% above median its 10-year median of 10.19. Over the past 10 years, this metric has ranged from a low of 3.05 to a high of 30.88. The Construction industry median Return-on-Tangible-Asset is 3.00. Bangkok Expressway's value of 19.55% is 551.7% above this industry median.
How does Bangkok Expressway's Return-on-Tangible-Asset compare to GVA and PRIM?
Bangkok Expressway's Return-on-Tangible-Asset of 19.55% can be compared against companies in the Construction industry. The industry median Return-on-Tangible-Asset is 3.00. Bangkok Expressway's value of 19.55% is 551.7% above this benchmark. Historically, Bangkok Expressway's own Return-on-Tangible-Asset has ranged from 3.05 to 30.88 over the past decade. While the company's 10-year median is 10.19 vs. the industry median of 3.00, Bangkok Expressway has consistently been above the industry average. 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 a Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.00, based on 1,777 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. Bangkok Expressway's current Return-on-Tangible-Asset of 19.55% is 551.7% above 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 Bangkok Expressway and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Expressway's current Return-on-Tangible-Asset is 19.55%, which is 92% above median its own 10-year median of 10.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Expressway stock overvalued right now?
Bangkok Expressway (BKK:BECL-R) has a current Return-on-Tangible-Asset of 19.55%. The current Return-on-Tangible-Asset is 19.55%, which is 92% above median its 10-year median of 10.19 and 551.7% above the Construction industry median of 3.00. 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 Bangkok Expressway (BKK:BECL-R), the current Return-on-Tangible-Asset is 19.55% as of Sep. 2015. 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.
Bangkok Expressway Public Company Limited engages in the design, construction, management, and operation of expressways in Thailand. The Company is engaged in the construction and management of Si Rat Expressway (Second Stage Expressway Project) and other extensions, including related businesses under the Second Stage Expressway agreement with the Expressway Authority of Thailand (EXAT); and the Udon Ratthaya Expressway under the Bang Pa-in-Pak Kret Expressway agreement entered into between EXAT and the Company.
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