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Best Holdings (DHA:BESTHLDNG) Return-on-Tangible-Asset : 0.55% (As of Dec. 2024)


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What is Best Holdings 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. Best Holdings's annualized Net Income for the quarter that ended in Dec. 2024 was BDT439 Mil. Best Holdings's average total tangible assets for the quarter that ended in Dec. 2024 was BDT80,061 Mil. Therefore, Best Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 0.55%.

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

DHA:BESTHLDNG' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.02   Med: 1.71   Max: 1.85
Current: 1.02

During the past 2 years, Best Holdings's highest Return-on-Tangible-Asset was 1.85%. The lowest was 1.02%. And the median was 1.71%.

DHA:BESTHLDNG's Return-on-Tangible-Asset is ranked worse than
58% of 838 companies
in the Travel & Leisure industry
Industry Median: 2.29 vs DHA:BESTHLDNG: 1.02

Best Holdings Return-on-Tangible-Asset Historical Data

The historical data trend for Best Holdings'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.

Best Holdings Return-on-Tangible-Asset Chart

Best Holdings Annual Data
Trend Jun23 Jun24
Return-on-Tangible-Asset
1.56 1.85

Best Holdings Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial - 1.70 1.82 0.05 0.55

Competitive Comparison of Best Holdings's Return-on-Tangible-Asset

For the Lodging subindustry, Best Holdings'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.


Best Holdings's Return-on-Tangible-Asset Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Best Holdings's Return-on-Tangible-Asset distribution charts can be found below:

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


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Best Holdings Return-on-Tangible-Asset Calculation

Best Holdings'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 )
=1412.266/( (73313.928+79390.251)/ 2 )
=1412.266/76352.0895
=1.85 %

Best Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=439.084/( (79719.142+80403.282)/ 2 )
=439.084/80061.212
=0.55 %

* 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 (Dec. 2024) net income data.


Best Holdings  (DHA:BESTHLDNG) 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.


Best Holdings Return-on-Tangible-Asset Related Terms

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Best Holdings Business Description

Traded in Other Exchanges
N/A
Address
49, Kazi Benzir Sarani Nikunja-2, Khilkhet, Dhaka, BGD, 1229
Best Holdings PLC, formerly Best Holdings Ltd is mainly engaged in the hospitality sector and also has business concerns in the agricultural sector. Its projects include Le Meridien, Le Meridien, Commercial, The Muslin, A Luxury Collection Resort, Bashundhara Project, Bhaluka Project, Luxury Villa Project, Noakhali Agro Project and LM IT Park.

Best Holdings Headlines

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