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Afric Industries (CAS:AFI) Return-on-Tangible-Asset : 9.31% (As of Jun. 2024)


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What is Afric Industries 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. Afric Industries's annualized Net Income for the quarter that ended in Jun. 2024 was MAD4.70 Mil. Afric Industries's average total tangible assets for the quarter that ended in Jun. 2024 was MAD50.44 Mil. Therefore, Afric Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 9.31%.

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

CAS:AFI' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.52   Med: 12.73   Max: 14.43
Current: 10.01

During the past 8 years, Afric Industries's highest Return-on-Tangible-Asset was 14.43%. The lowest was 8.52%. And the median was 12.73%.

CAS:AFI's Return-on-Tangible-Asset is ranked better than
84.49% of 432 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 3.025 vs CAS:AFI: 10.01

Afric Industries Return-on-Tangible-Asset Historical Data

The historical data trend for Afric Industries'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.

Afric Industries Return-on-Tangible-Asset Chart

Afric Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial 13.95 14.43 10.05 11.69 8.52

Afric Industries Semi-Annual Data
Jun14 Jun15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 17.20 6.38 6.32 10.89 9.31

Competitive Comparison of Afric Industries's Return-on-Tangible-Asset

For the Furnishings, Fixtures & Appliances subindustry, Afric Industries'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.


Afric Industries's Return-on-Tangible-Asset Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Afric Industries's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Afric Industries's Return-on-Tangible-Asset falls into.



Afric Industries Return-on-Tangible-Asset Calculation

Afric Industries'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 )
=4.457/( (55.319+49.274)/ 2 )
=4.457/52.2965
=8.52 %

Afric Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=4.696/( (49.274+51.607)/ 2 )
=4.696/50.4405
=9.31 %

* 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 two times the semi-annual (Jun. 2024) net income data.


Afric Industries  (CAS:AFI) 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.


Afric Industries Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Afric Industries's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Afric Industries Business Description

Traded in Other Exchanges
N/A
Address
Route de Tetouan, Lot 107, Zone Industrielle, Tangier, MAR, BP 368
Afric Industries SA is engaged in the development, production and marketing of abrasive products of all shapes and contents. It is also engaged in the manufacturing and sale of tapes and adhesive and self-adhesive tapes; manufacturing, assembling, glazing, installation and marketing of all types of joinery and finished aluminum products and other materials; purchase, sale, import, export, manufacturing, processing, assembly, installation laying of all equipments, materials, tools, accessories, raw materials and spare parts.

Afric Industries Headlines

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