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Mia Teknoloji (IST:MIATK) Return-on-Tangible-Asset : 164.84% (As of Dec. 2024)


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What is Mia Teknoloji Return-on-Tangible-Asset?

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. Mia Teknoloji's annualized Net Income for the quarter that ended in Dec. 2024 was ₺5,724 Mil. Mia Teknoloji's average total tangible assets for the quarter that ended in Dec. 2024 was ₺3,472 Mil. Therefore, Mia Teknoloji's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 164.84%.

The historical rank and industry rank for Mia Teknoloji's Return-on-Tangible-Asset or its related term are showing as below:

IST:MIATK' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.72   Med: 55.18   Max: 103.7
Current: 88.25

During the past 7 years, Mia Teknoloji's highest Return-on-Tangible-Asset was 103.70%. The lowest was 7.72%. And the median was 55.18%.

IST:MIATK's Return-on-Tangible-Asset is ranked better than
99.58% of 2841 companies
in the Software industry
Industry Median: 1.87 vs IST:MIATK: 88.25

Mia Teknoloji Return-on-Tangible-Asset Historical Data

The historical data trend for Mia Teknoloji'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.

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Mia Teknoloji Return-on-Tangible-Asset Chart

Mia Teknoloji Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial 39.10 55.18 103.70 70.39 77.56

Mia Teknoloji Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 126.61 163.14 -6.17 15.62 164.84

Competitive Comparison of Mia Teknoloji's Return-on-Tangible-Asset

For the Information Technology Services subindustry, Mia Teknoloji'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.


Mia Teknoloji's Return-on-Tangible-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Mia Teknoloji's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Mia Teknoloji's Return-on-Tangible-Asset falls into.


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Mia Teknoloji Return-on-Tangible-Asset Calculation

Mia Teknoloji'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 )
=2276.479/( (1390.217+4480.395)/ 2 )
=2276.479/2935.306
=77.56 %

Mia Teknoloji's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=5723.668/( (2464.16+4480.395)/ 2 )
=5723.668/3472.2775
=164.84 %

* 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 (Dec. 2024) net income data.


Mia Teknoloji  (IST:MIATK) 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.


Mia Teknoloji Return-on-Tangible-Asset Related Terms

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Mia Teknoloji Business Description

Industry
Traded in Other Exchanges
N/A
Address
Gazi University Golbasi Campus, Techno Plaza Building B Block BZ/16, Golbasi, Ankara, TUR, 06830
Mia Teknoloji is a research & development, Innovation, Software Development, Integration, and Solution Provider company located in Technology Development Area. It focuses on the information infrastructure needs of both public and private organizations and develops tailor-made system solutions. The company's services include Facility and Building Installation, Information security training, Data Center Consultancy, Penetration test, and Network security products.

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