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IST:BALAT's Return-on-Tangible-Asset is not ranked *
in the Vehicles & Parts industry.
Industry Median: 3.125 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) 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.
Balatacilar Balataciliknayi ve Ticaret AS Return-on-Tangible-Asset Related Terms
Balatacilar Balataciliknayi ve Ticaret AS 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.
Balatacilar Balataciliknayi ve Ticaret AS Return-on-Tangible-Asset Chart
Balatacilar Balataciliknayi ve Ticaret AS Annual Data
IST:BALAT vs ORLY, AZO, GPC: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Balatacilar Balataciliknayi ve Ticaret AS'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.
Balatacilar Balataciliknayi ve Ticaret AS Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Balatacilar Balataciliknayi ve Ticaret AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Balatacilar Balataciliknayi ve Ticaret AS'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. 2023) net income data.
What does a Return-on-Tangible-Asset of 25.49% mean?
Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) has a Return-on-Tangible-Asset of 25.49% as of Dec. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Balatacilar Balataciliknayi ve Ticaret AS and its competitors.
Is Balatacilar Balataciliknayi ve Ticaret AS's Return-on-Tangible-Asset too high?
Balatacilar Balataciliknayi ve Ticaret AS's current Return-on-Tangible-Asset is 25.49%. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.13. Balatacilar Balataciliknayi ve Ticaret AS's value of 25.49% is 715.7% above this industry median. Overall, Balatacilar Balataciliknayi ve Ticaret AS has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Balatacilar Balataciliknayi ve Ticaret AS's Return-on-Tangible-Asset compare to ORLY and AZO?
Balatacilar Balataciliknayi ve Ticaret AS's Return-on-Tangible-Asset of 25.49% can be compared against companies in the Vehicles & Parts industry. The industry median Return-on-Tangible-Asset is 3.13. Balatacilar Balataciliknayi ve Ticaret AS's value of 25.49% is 715.7% above 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.13, based on 1,332 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. Balatacilar Balataciliknayi ve Ticaret AS's current Return-on-Tangible-Asset of 25.49% is 715.7% above 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 Balatacilar Balataciliknayi ve Ticaret AS and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Balatacilar Balataciliknayi ve Ticaret AS's current Return-on-Tangible-Asset is 25.49%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balatacilar Balataciliknayi ve Ticaret AS stock overvalued right now?
Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) has a current Return-on-Tangible-Asset of 25.49%. The current Return-on-Tangible-Asset is 25.49% and 715.7% above the Vehicles & Parts industry median of 3.13. Balatacilar Balataciliknayi ve Ticaret AS's overall GF Score™ is 5/100. 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 Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT), the current Return-on-Tangible-Asset is 25.49% as of Dec. 2023. 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.
Balatacilar Balataciliknayi ve Ticaret AS Business Description
Balatacilar Balatacilik Sanayi ve Ticaret AS is engaged in the production of friction materials. Its products include disc brake pads, brake linings, and fiber clutch.
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