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AlJanoob Islamic Bank Investment and Fin (IQS:BJAB) 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.
AlJanoob Islamic Bank Investment and Fin Return-on-Tangible-Asset Related Terms
AlJanoob Islamic Bank Investment and Fin Return-on-Tangible-Asset Historical Data
* 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.
AlJanoob Islamic Bank Investment and Fin Return-on-Tangible-Asset Chart
AlJanoob Islamic Bank Investment and Fin Annual Data
For the Banks - Regional subindustry, AlJanoob Islamic Bank Investment and Fin'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.
AlJanoob Islamic Bank Investment and Fin Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, AlJanoob Islamic Bank Investment and Fin's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where AlJanoob Islamic Bank Investment and Fin'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 one times the annual (Dec. 2024) net income data.
What does a Return-on-Tangible-Asset of 0.96% mean?
AlJanoob Islamic Bank Investment and Fin (IQS:BJAB) has a Return-on-Tangible-Asset of 0.96% as of Dec. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on AlJanoob Islamic Bank Investment and Fin and its competitors. This is near median its historical median of 0.98. Over the past decade, AlJanoob Islamic Bank Investment and Fin's Return-on-Tangible-Asset has ranged from 0.04 to 3.08.
Is AlJanoob Islamic Bank Investment and Fin's Return-on-Tangible-Asset too high?
AlJanoob Islamic Bank Investment and Fin's current Return-on-Tangible-Asset of 0.96% is near median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 3.08. The Banks industry median Return-on-Tangible-Asset is 1.02. AlJanoob Islamic Bank Investment and Fin's value of 0.96% is 5.9% below this industry median.
How does AlJanoob Islamic Bank Investment and Fin's Return-on-Tangible-Asset compare to ?
AlJanoob Islamic Bank Investment and Fin's Return-on-Tangible-Asset of 0.96% can be compared against companies in the Banks industry. The industry median Return-on-Tangible-Asset is 1.02. AlJanoob Islamic Bank Investment and Fin's value of 0.96% is 5.9% below this benchmark. Historically, AlJanoob Islamic Bank Investment and Fin's own Return-on-Tangible-Asset has ranged from 0.04 to 3.08 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 1.02, AlJanoob Islamic Bank Investment and Fin has consistently been below the industry average. 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 Banks company?
The median Return-on-Tangible-Asset among Banks companies is 1.02, based on 1,529 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. AlJanoob Islamic Bank Investment and Fin's current Return-on-Tangible-Asset of 0.96% is 5.9% 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 AlJanoob Islamic Bank Investment and Fin and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AlJanoob Islamic Bank Investment and Fin's current Return-on-Tangible-Asset is 0.96%, which is near median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AlJanoob Islamic Bank Investment and Fin stock overvalued right now?
AlJanoob Islamic Bank Investment and Fin (IQS:BJAB) has a current Return-on-Tangible-Asset of 0.96%. The current Return-on-Tangible-Asset is 0.96%, which is near median its 10-year median of 0.98 and 5.9% below the Banks industry median of 1.02. 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 AlJanoob Islamic Bank Investment and Fin (IQS:BJAB), the current Return-on-Tangible-Asset is 0.96% as of Dec. 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.
AlJanoob Islamic Bank Investment and Fin offers a varieties of products and services that meet the market requirements of both corporate and individual sectors. The bank plays a role by introducing Islamic Sharia-compliant products that support its position in entrepreneurship. Additionally, the bank has launched a package of electronic services and new channels to enhance electronic payment systems and drive digital transformation.
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