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Aftab Automobiles (DHA:AFTABAUTO) Return-on-Tangible-Asset : -0.51% (As of Mar. 2025)


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What is Aftab Automobiles 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. Aftab Automobiles's annualized Net Income for the quarter that ended in Mar. 2025 was BDT-137.4 Mil. Aftab Automobiles's average total tangible assets for the quarter that ended in Mar. 2025 was BDT26,860.0 Mil. Therefore, Aftab Automobiles's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was -0.51%.

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

DHA:AFTABAUTO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.87   Med: 0.79   Max: 5.02
Current: -0.41

During the past 13 years, Aftab Automobiles's highest Return-on-Tangible-Asset was 5.02%. The lowest was -0.87%. And the median was 0.79%.

DHA:AFTABAUTO's Return-on-Tangible-Asset is ranked worse than
76.44% of 1324 companies
in the Vehicles & Parts industry
Industry Median: 3.06 vs DHA:AFTABAUTO: -0.41

Aftab Automobiles Return-on-Tangible-Asset Historical Data

The historical data trend for Aftab Automobiles'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.

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Aftab Automobiles Return-on-Tangible-Asset Chart

Aftab Automobiles Annual Data
Trend Aug14 Aug15 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 -0.87 - 0.02 -0.58

Aftab Automobiles Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 Premium Member Only -0.77 -0.02 -0.71 -0.39 -0.51

Competitive Comparison of Aftab Automobiles's Return-on-Tangible-Asset

For the Auto Manufacturers subindustry, Aftab Automobiles'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.


Aftab Automobiles's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aftab Automobiles's Return-on-Tangible-Asset distribution charts can be found below:

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


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Aftab Automobiles Return-on-Tangible-Asset Calculation

Aftab Automobiles's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=-148.299/( (24907.219+26283.421)/ 2 )
=-148.299/25595.32
=-0.58 %

Aftab Automobiles's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=-137.384/( (26581.013+27139.036)/ 2 )
=-137.384/26860.0245
=-0.51 %

* 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. 2025) net income data.


Aftab Automobiles  (DHA:AFTABAUTO) 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.


Aftab Automobiles Return-on-Tangible-Asset Related Terms

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


Aftab Automobiles Business Description

Traded in Other Exchanges
N/A
Address
205-207, Tejgaon I/A, Dhaka, BGD, 1208
Aftab Automobiles Ltd is an assembler-cum-manufacturer of Toyota and Hino vehicles. The company is mainly a vehicle assembler and bus-body fabricator. The principal activities of the company were assembling Toyota Land Cruiser soft top/pick up, Land Cruiser Prado, Hino Bus, and Hino Mini Bus/Truck with a yearly production capacity of two thousand four hundred units of vehicles in three shifts. The company produces and markets batteries through its subsidiary. The company operates in three reportable segments assembling unit, motorcycle unit, and body unit. the company operates its's business in Bangladesh.

Aftab Automobiles Headlines

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