Al Madina for finance and Investment Co (DFM:ALMADINA) Return-on-Tangible-Asset : 0.57% (As of Jun. 2021)

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What is Al Madina for finance and Investment Co 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. Al Madina for finance and Investment Co's annualized Net Income for the quarter that ended in Jun. 2021 was د.إ1.87 Mil. Al Madina for finance and Investment Co's average total tangible assets for the quarter that ended in Jun. 2021 was د.إ325.42 Mil. Therefore, Al Madina for finance and Investment Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2021 was 0.57%.

The historical rank and industry rank for Al Madina for finance and Investment Co's Return-on-Tangible-Asset or its related term are showing as below:

DFM:ALMADINA's Return-on-Tangible-Asset is not ranked ^*
in the Real Estate industry.
Industry Median: 1.05
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Al Madina for finance and Investment Co Return-on-Tangible-Asset Historical Data

The historical data trend for Al Madina for finance and Investment Co'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.

Al Madina for finance and Investment Co Return-on-Tangible-Asset Chart

Al Madina for finance and Investment Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Return-on-Tangible-Asset

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3.58

0.97

-7.26

-6.73

12.47

Al Madina for finance and Investment Co Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Return-on-Tangible-Asset	Get a 7-Day Free Trial															5.36	57.91	-10.57	1.06	0.57

Competitive Comparison of Al Madina for finance and Investment Co's Return-on-Tangible-Asset

For the Real Estate Services subindustry, Al Madina for finance and Investment Co'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.

Al Madina for finance and Investment Co's Return-on-Tangible-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Al Madina for finance and Investment Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Al Madina for finance and Investment Co's Return-on-Tangible-Asset falls into.

Al Madina for finance and Investment Co Return-on-Tangible-Asset Calculation

Al Madina for finance and Investment Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2020 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	41.417	/	( (329.371	+	334.952)	/ 2 )
	=	41.417	/	332.1615
	=	12.47 %

Al Madina for finance and Investment Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2021 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	1.868	/	( (332.401	+	318.436)	/ 2 )
	=	1.868	/	325.4185
	=	0.57 %

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. 2021) net income data.

Al Madina for finance and Investment Co (DFM:ALMADINA) 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 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.

Al Madina for finance and Investment Co Return-on-Tangible-Asset Related Terms

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Al Madina for finance and Investment Co (DFM:ALMADINA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Al Madina for finance and Investment Co (DFM:ALMADINA) » Definitions » Return-on-Tangible-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Al Merqab, Al Sour Street, Jassim Al Asfour Tower, P.O. Box 2799, Safat, Kuwait City, KWT, 13028

Website

http://www.almadinainvest.com

Al Madina for finance and Investment Co. is an investment company. Its activities revolve around direct investments, fund management, portfolio management, and financial services with a key focus in the Middle East and North Africa region. The company has two segments that drive the operations - Real Estate segment which develops and sells land and properties, and Investment segment is engaged in direct investment and portfolio management and investment funds for third parties.

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