Samaggi Insurance PCLBKK:SMG-R Return-on-Tangible-Asset is 11.46% as of Mar. 2016, which is 74% above its 10-year median of 6.58. The stock has 3 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. Samaggi Insurance PCL's annualizedNet Income for the quarter that ended in Mar. 2016 was ฿1,537.80 Mil. Samaggi Insurance PCL's average total tangible assets for the quarter that ended in Mar. 2016 was ฿13,423.84 Mil. Therefore, Samaggi Insurance PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2016 was 11.46%.
The historical rank and industry rank for Samaggi Insurance PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:SMG-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.31 Med: 6.58 Max: 9.22
Current: 7.28
During the past 13 years, Samaggi Insurance PCL's highest Return-on-Tangible-Asset was 9.22%. The lowest was -7.31%. And the median was 6.58%.
BKK:SMG-R's Return-on-Tangible-Asset is not ranked
in the Insurance industry.
Industry Median: 2.78
vs BKK:SMG-R: 7.28
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.
Samaggi Insurance PCL Return-on-Tangible-Asset Related Terms
Samaggi Insurance PCL Return-on-Tangible-Asset Historical Data
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The historical data trend for Samaggi Insurance PCL'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:SMG-R vs PTVCA, FNHC: Return-on-Tangible-Asset Comparison
For the Insurance - Property & Casualty subindustry, Samaggi Insurance PCL'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.
Samaggi Insurance PCL Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Samaggi Insurance PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Samaggi Insurance PCL'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 (Mar. 2016) net income data.
What does a Return-on-Tangible-Asset of 11.46% mean?
Samaggi Insurance PCL (BKK:SMG-R) has a Return-on-Tangible-Asset of 11.46% as of Mar. 2016. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Samaggi Insurance PCL and its competitors. This is 74% above median its historical median of 6.58.
Is Samaggi Insurance PCL's Return-on-Tangible-Asset too high?
Samaggi Insurance PCL's current Return-on-Tangible-Asset of 11.46% is 74% above median its 10-year median of 6.58. The Insurance industry median Return-on-Tangible-Asset is 2.78. Samaggi Insurance PCL's value of 11.46% is 312.2% above this industry median.
How does Samaggi Insurance PCL's Return-on-Tangible-Asset compare to PTVCA and FNHC?
Samaggi Insurance PCL's Return-on-Tangible-Asset of 11.46% can be compared against companies in the Insurance industry. The industry median Return-on-Tangible-Asset is 2.78. Samaggi Insurance PCL's value of 11.46% is 312.2% above this benchmark. While the company's 10-year median is 6.58 vs. the industry median of 2.78, Samaggi Insurance PCL 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 an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.78, based on 506 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. Samaggi Insurance PCL's current Return-on-Tangible-Asset of 11.46% is 312.2% 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 Samaggi Insurance PCL and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Samaggi Insurance PCL's current Return-on-Tangible-Asset is 11.46%, which is 74% above median its own 10-year median of 6.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Samaggi Insurance PCL stock overvalued right now?
Samaggi Insurance PCL (BKK:SMG-R) has a current Return-on-Tangible-Asset of 11.46%. The current Return-on-Tangible-Asset is 11.46%, which is 74% above median its 10-year median of 6.58 and 312.2% above the Insurance industry median of 2.78. 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 Samaggi Insurance PCL (BKK:SMG-R), the current Return-on-Tangible-Asset is 11.46% as of Mar. 2016. 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.
Siam Commercial Samaggi Insurance Public Company Limited operates a non-life insurance business including fire, marine and cargo, motor and miscellaneous insurance.
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