Cates Elektrik Uretim ASIST:CATES +9.97%48 Return-on-Tangible-Asset is -20.96% as of Mar. 2026. GuruFocus rates IST:CATES with a GF Score™ of 48/100. The stock has 4 warning signs investors should review. Among 449 Utilities - Independent Power Producers companies, Cates Elektrik Uretim AS ranks better than 91.76% on this metric.
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. Cates Elektrik Uretim AS's annualizedNet Income for the quarter that ended in Mar. 2026 was ₺-3,131 Mil. Cates Elektrik Uretim AS's average total tangible assets for the quarter that ended in Mar. 2026 was ₺14,940 Mil. Therefore, Cates Elektrik Uretim AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -20.96%.
The historical rank and industry rank for Cates Elektrik Uretim AS's Return-on-Tangible-Asset or its related term are showing as below:
IST:CATES'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -46.99 Med: 3.1 Max: 32.18
Current: 10.68
During the past 6 years, Cates Elektrik Uretim AS's highest Return-on-Tangible-Asset was 32.18%. The lowest was -46.99%. And the median was 3.10%.
IST:CATES's Return-on-Tangible-Asset is ranked better than 91.76% of 449
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.29
vs IST:CATES: 10.68
Cates Elektrik Uretim AS (IST:CATES) 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.
Cates Elektrik Uretim AS Return-on-Tangible-Asset Related Terms
Cates Elektrik Uretim AS Return-on-Tangible-Asset Historical Data
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The historical data trend for Cates Elektrik Uretim AS'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.
Cates Elektrik Uretim AS Return-on-Tangible-Asset Chart
IST:CATES vs CEG, VST, NRG: Return-on-Tangible-Asset Comparison
For the Utilities - Independent Power Producers subindustry, Cates Elektrik Uretim 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.
Cates Elektrik Uretim AS Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Cates Elektrik Uretim AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Cates Elektrik Uretim 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -20.96% mean?
Cates Elektrik Uretim AS (IST:CATES) has a Return-on-Tangible-Asset of -20.96% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Cates Elektrik Uretim AS and its competitors. According to the industry distribution chart, Cates Elektrik Uretim AS ranks #37 out of 449 companies in the Utilities - Independent Power Producers industry, placing it in the top 8.2%.
Is Cates Elektrik Uretim AS's Return-on-Tangible-Asset too high?
Cates Elektrik Uretim AS's current Return-on-Tangible-Asset is -20.96%. Based on the distribution chart, Cates Elektrik Uretim AS ranks #37 out of 449 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Cates Elektrik Uretim AS has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Cates Elektrik Uretim AS's Return-on-Tangible-Asset compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Cates Elektrik Uretim AS ranks #37 out of 449 companies for Return-on-Tangible-Asset. This places Cates Elektrik Uretim AS in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.29. 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.29, based on 449 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. 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 Cates Elektrik Uretim AS and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cates Elektrik Uretim AS's current Return-on-Tangible-Asset is -20.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cates Elektrik Uretim AS stock overvalued right now?
Cates Elektrik Uretim AS (IST:CATES) has a current Return-on-Tangible-Asset of -20.96%. The current Return-on-Tangible-Asset is -20.96%. Cates Elektrik Uretim AS's overall GF Score™ is 48/100 with 4 warning signs to review. 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 Cates Elektrik Uretim AS (IST:CATES), the current Return-on-Tangible-Asset is -20.96% as of Mar. 2026. 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.
Cates Elektrik Uretim AS is a company whose main activity is to produce electrical energy and sell the produced electrical energy. It also operates the coal-based Power Plant located in the Catalagzi town of Zonguldak.
48GF Score
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