Banco Daycoval S.A.BSP:DAYC3 Return-on-Tangible-Asset is 1.36% as of Jun. 2016, which is 54% below its 10-year median of 2.95. 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. Banco Daycoval S.A.'s annualizedNet Income for the quarter that ended in Jun. 2016 was R$276.91 Mil. Banco Daycoval S.A.'s average total tangible assets for the quarter that ended in Jun. 2016 was R$20,416.18 Mil. Therefore, Banco Daycoval S.A.'s annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2016 was 1.36%.
The historical rank and industry rank for Banco Daycoval S.A.'s Return-on-Tangible-Asset or its related term are showing as below:
BSP:DAYC3'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.64 Med: 2.95 Max: 4.27
Current: 1.89
During the past 10 years, Banco Daycoval S.A.'s highest Return-on-Tangible-Asset was 4.27%. The lowest was 1.64%. And the median was 2.95%.
BSP:DAYC3's Return-on-Tangible-Asset is not ranked
in the Banks industry.
Industry Median: 0.99
vs BSP:DAYC3: 1.89
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.
Banco Daycoval S.A. Return-on-Tangible-Asset Related Terms
Banco Daycoval S.A. Return-on-Tangible-Asset Historical Data
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The historical data trend for Banco Daycoval S.A.'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.
BSP:DAYC3 vs FISI, MBIN, WSBF: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, Banco Daycoval S.A.'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.
Banco Daycoval S.A. Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Banco Daycoval S.A.'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Banco Daycoval S.A.'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 (Jun. 2016) net income data.
What does a Return-on-Tangible-Asset of 1.36% mean?
Banco Daycoval S.A. (BSP:DAYC3) has a Return-on-Tangible-Asset of 1.36% as of Jun. 2016. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Banco Daycoval S.A. and its competitors. This is 54% below median its historical median of 2.95. Over the past decade, Banco Daycoval S.A.'s Return-on-Tangible-Asset has ranged from 1.64 to 4.27.
Is Banco Daycoval S.A.'s Return-on-Tangible-Asset too high?
Banco Daycoval S.A.'s current Return-on-Tangible-Asset of 1.36% is 54% below median its 10-year median of 2.95. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 4.27. The Banks industry median Return-on-Tangible-Asset is 0.99. Banco Daycoval S.A.'s value of 1.36% is 37.4% above this industry median.
How does Banco Daycoval S.A.'s Return-on-Tangible-Asset compare to FISI and MBIN?
Banco Daycoval S.A.'s Return-on-Tangible-Asset of 1.36% can be compared against companies in the Banks industry. The industry median Return-on-Tangible-Asset is 0.99. Banco Daycoval S.A.'s value of 1.36% is 37.4% above this benchmark. Historically, Banco Daycoval S.A.'s own Return-on-Tangible-Asset has ranged from 1.64 to 4.27 over the past decade. While the company's 10-year median is 2.95 vs. the industry median of 0.99, Banco Daycoval S.A. 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 Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,530 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. Banco Daycoval S.A.'s current Return-on-Tangible-Asset of 1.36% is 37.4% 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 Banco Daycoval S.A. and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banco Daycoval S.A.'s current Return-on-Tangible-Asset is 1.36%, which is 54% below median its own 10-year median of 2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Daycoval S.A. stock overvalued right now?
Banco Daycoval S.A. (BSP:DAYC3) has a current Return-on-Tangible-Asset of 1.36%. The current Return-on-Tangible-Asset is 1.36%, which is 54% below median its 10-year median of 2.95 and 37.4% above the Banks industry median of 0.99. 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 Banco Daycoval S.A. (BSP:DAYC3), the current Return-on-Tangible-Asset is 1.36% as of Jun. 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.
Banco Daycoval S.A. was founded in 1968. It is a is a commercial bank. The Company along with its subsidiaries is engaged in commercial, foreign exchange, investment and lending portfolios. It also provide services including management of assets, life insurance and pension plans. The Company operates in four business segments: financial segment; asset management segment; insurance and pension fund segment; andother segments. Financial segment - handles individual customer deposits and provides loan, overdraft, credit card, and wire transfer services, and performs treasury, finance and other core functions; Asset management segment - services to institutional investors and intermediaries by providing financial asset management through investment funds; and Insurance and pension fund segment - offers life insurance and open-end supplementary pension funds, by operating lump-sum and annuity plans, consisting of the plans' participants' contributions.
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