Limak Dogu Anadolu Cimento (IST:LMKDC) Return-on-Tangible-Asset: 32.96% (As of Sep. 2025) — 24% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:LMKDC Limak Dogu Anadolu Cimento IST:LMKDC
27 GF Score
Price ₺23.80
! 2 Warning Signs
View Full Analysis

What is Limak Dogu Anadolu Cimento Return-on-Tangible-Asset?

Limak Dogu Anadolu Cimento IST:LMKDC -2.30% 27 Return-on-Tangible-Asset is 32.96% as of Sep. 2025, which is 24% below its 10-year median of 43.39. GuruFocus rates IST:LMKDC with a GF Score™ of 27/100. The stock has 2 warning signs investors should review. Among 410 Building Materials companies, Limak Dogu Anadolu Cimento ranks better than 96.83% 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. Limak Dogu Anadolu Cimento's annualized Net Income for the quarter that ended in Sep. 2025 was ₺2,599 Mil. Limak Dogu Anadolu Cimento's average total tangible assets for the quarter that ended in Sep. 2025 was ₺7,884 Mil. Therefore, Limak Dogu Anadolu Cimento's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2025 was 32.96%.

The historical rank and industry rank for Limak Dogu Anadolu Cimento's Return-on-Tangible-Asset or its related term are showing as below:

IST:LMKDC' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 11.54   Med: 43.39   Max: 79.18
Current: 22.86

During the past 5 years, Limak Dogu Anadolu Cimento's highest Return-on-Tangible-Asset was 79.18%. The lowest was 11.54%. And the median was 43.39%.

IST:LMKDC's Return-on-Tangible-Asset is ranked better than
96.83% of 410 companies
in the Building Materials industry
Industry Median: 2.345 vs IST:LMKDC: 22.86

Limak Dogu Anadolu Cimento  (IST:LMKDC) 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.


Limak Dogu Anadolu Cimento Return-on-Tangible-Asset Related Terms


Limak Dogu Anadolu Cimento Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Limak Dogu Anadolu Cimento'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.

Limak Dogu Anadolu Cimento Return-on-Tangible-Asset Chart

Limak Dogu Anadolu Cimento Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
17.19 11.54 46.39 79.18 43.39

Limak Dogu Anadolu Cimento Quarterly Data
Dec20 Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.70 5.39 14.95 32.06 32.96

IST:LMKDC vs CRH, VMC, MLM: Return-on-Tangible-Asset Comparison

For the Building Materials subindustry, Limak Dogu Anadolu Cimento'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.


Limak Dogu Anadolu Cimento Return-on-Tangible-Asset vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Limak Dogu Anadolu Cimento's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Limak Dogu Anadolu Cimento's Return-on-Tangible-Asset falls into.


IST:LMKDC
27GF Score
Limak Dogu Anadolu Cimento IST:LMKDC
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Limak Dogu Anadolu Cimento Return-on-Tangible-Asset Calculation

Limak Dogu Anadolu Cimento's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=2160.935/( (4419.741+5541.921)/ 2 )
=2160.935/4980.831
=43.39 %

Limak Dogu Anadolu Cimento's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2025 )  (Q: Jun. 2025 )(Q: Sep. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2025 )  (Q: Jun. 2025 )(Q: Sep. 2025 )
=2598.528/( (7090.424+8678.349)/ 2 )
=2598.528/7884.3865
=32.96 %

* 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 (Sep. 2025) net income data.

What does a Return-on-Tangible-Asset of 32.96% mean?
Limak Dogu Anadolu Cimento (IST:LMKDC) has a Return-on-Tangible-Asset of 32.96% as of Sep. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Limak Dogu Anadolu Cimento and its competitors. This is 24% below median its historical median of 43.39. Over the past decade, Limak Dogu Anadolu Cimento's Return-on-Tangible-Asset has ranged from 11.54 to 79.18. According to the industry distribution chart, Limak Dogu Anadolu Cimento ranks #13 out of 410 companies in the Building Materials industry, placing it in the top 3.2%.
Is Limak Dogu Anadolu Cimento's Return-on-Tangible-Asset too high?
Limak Dogu Anadolu Cimento's current Return-on-Tangible-Asset of 32.96% is 24% below median its 10-year median of 43.39. Over the past 10 years, this metric has ranged from a low of 11.54 to a high of 79.18. The Building Materials industry median Return-on-Tangible-Asset is 2.35. Limak Dogu Anadolu Cimento's value of 32.96% is 1305.5% above this industry median. Based on the distribution chart, Limak Dogu Anadolu Cimento ranks #13 out of 410 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Limak Dogu Anadolu Cimento has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Limak Dogu Anadolu Cimento's Return-on-Tangible-Asset compare to CRH and VMC?
According to the Building Materials industry distribution chart, Limak Dogu Anadolu Cimento ranks #13 out of 410 companies for Return-on-Tangible-Asset. This places Limak Dogu Anadolu Cimento in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.35. Limak Dogu Anadolu Cimento's value of 32.96% is 1305.5% above this benchmark. Historically, Limak Dogu Anadolu Cimento's own Return-on-Tangible-Asset has ranged from 11.54 to 79.18 over the past decade. While the company's 10-year median is 43.39 vs. the industry median of 2.35, Limak Dogu Anadolu Cimento has consistently been above 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 Building Materials company?
The median Return-on-Tangible-Asset among Building Materials companies is 2.35, based on 410 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. Limak Dogu Anadolu Cimento's current Return-on-Tangible-Asset of 32.96% is 1305.5% 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 Limak Dogu Anadolu Cimento and its competitors. For the Building Materials industry, the median Return-on-Tangible-Asset is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Limak Dogu Anadolu Cimento's current Return-on-Tangible-Asset is 32.96%, which is 24% below median its own 10-year median of 43.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Limak Dogu Anadolu Cimento stock overvalued right now?
Limak Dogu Anadolu Cimento (IST:LMKDC) has a current Return-on-Tangible-Asset of 32.96%. The current Return-on-Tangible-Asset is 32.96%, which is 24% below median its 10-year median of 43.39 and 1305.5% above the Building Materials industry median of 2.35. Limak Dogu Anadolu Cimento's overall GF Score™ is 27/100 with 2 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 Limak Dogu Anadolu Cimento (IST:LMKDC), the current Return-on-Tangible-Asset is 32.96% as of Sep. 2025. 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.

Limak Dogu Anadolu Cimento Business Description

Address Bahcekapi Mah. Guvercinlik, Limak Ankara Cement Factory, Inside Etimesgut, Ankara, TUR
Limak Dogu Anadolu Cimento is a cement company operating n the cement sector. The main activity of the Company is clinker and cement production, marketing and sales in abroad.
27GF Score

Get the complete analysis for IST:LMKDC

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺23.80
Price