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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. S Alam Cold Rolled Steels's annualizedNet Income for the quarter that ended in Mar. 2024 was BDT74 Mil. S Alam Cold Rolled Steels's average total tangible assets for the quarter that ended in Mar. 2024 was BDT24,933 Mil. Therefore, S Alam Cold Rolled Steels's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 0.30%.
The historical rank and industry rank for S Alam Cold Rolled Steels's Return-on-Tangible-Asset or its related term are showing as below:
DHA:SALAMCRST's Return-on-Tangible-Asset is not ranked *
in the Steel industry.
Industry Median: 2.07 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
S Alam Cold Rolled Steels (DHA:SALAMCRST) 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.
S Alam Cold Rolled Steels Return-on-Tangible-Asset Related Terms
S Alam Cold Rolled Steels Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for S Alam Cold Rolled Steels'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.
S Alam Cold Rolled Steels Return-on-Tangible-Asset Chart
DHA:SALAMCRST vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, S Alam Cold Rolled Steels'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.
S Alam Cold Rolled Steels Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, S Alam Cold Rolled Steels's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where S Alam Cold Rolled Steels'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 (Mar. 2024) net income data.
What does a Return-on-Tangible-Asset of 0.30% mean?
S Alam Cold Rolled Steels (DHA:SALAMCRST) has a Return-on-Tangible-Asset of 0.30% as of Mar. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on S Alam Cold Rolled Steels and its competitors.
Is S Alam Cold Rolled Steels' Return-on-Tangible-Asset too high?
S Alam Cold Rolled Steels' current Return-on-Tangible-Asset is 0.30%. The Steel industry median Return-on-Tangible-Asset is 2.07. S Alam Cold Rolled Steels' value of 0.30% is 85.5% below this industry median. Overall, S Alam Cold Rolled Steels has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does S Alam Cold Rolled Steels' Return-on-Tangible-Asset compare to NUE and STLD?
S Alam Cold Rolled Steels' Return-on-Tangible-Asset of 0.30% can be compared against companies in the Steel industry. The industry median Return-on-Tangible-Asset is 2.07. S Alam Cold Rolled Steels' value of 0.30% is 85.5% below this benchmark. 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.07, based on 635 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. S Alam Cold Rolled Steels's current Return-on-Tangible-Asset of 0.30% is 85.5% below 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 S Alam Cold Rolled Steels and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S Alam Cold Rolled Steels's current Return-on-Tangible-Asset is 0.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S Alam Cold Rolled Steels stock overvalued right now?
S Alam Cold Rolled Steels (DHA:SALAMCRST) has a current Return-on-Tangible-Asset of 0.30%. The current Return-on-Tangible-Asset is 0.30% and 85.5% below the Steel industry median of 2.07. S Alam Cold Rolled Steels' overall GF Score™ is 10/100. 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 S Alam Cold Rolled Steels (DHA:SALAMCRST), the current Return-on-Tangible-Asset is 0.30% as of Mar. 2024. 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.
S Alam Cold Rolled Steels Ltd is a steel manufacturing company. Its business activities include manufacturing and marketing cold rolled steel strips and galvanized steel sheets. The company has two business segments - the Cold Rolled Strips segment, which includes purchasing hot roll and manufacturing and distribution of cold-rolled strips; and the Non-Oxide Furnace segment which comprises purchasing cold-rolled strips and manufacturing and distribution of galvanized steel sheets.
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