Zeray Gayrimenkul Yatirim Ortakligi AS (IST:ZERGY) Return-on-Tangible-Asset: -5.66% (As of Dec. 2024)

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What is Zeray Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset?

Zeray Gayrimenkul Yatirim Ortakligi AS IST:ZERGY Return-on-Tangible-Asset is -5.66% as of Dec. 2024. The stock has 3 warning signs investors should review. Among 919 REITs companies, Zeray Gayrimenkul Yatirim Ortakligi AS ranks worse than 93.25% 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. Zeray Gayrimenkul Yatirim Ortakligi AS's annualized Net Income for the quarter that ended in Dec. 2024 was ₺-301 Mil. Zeray Gayrimenkul Yatirim Ortakligi AS's average total tangible assets for the quarter that ended in Dec. 2024 was ₺5,316 Mil. Therefore, Zeray Gayrimenkul Yatirim Ortakligi AS's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -5.66%.

The historical rank and industry rank for Zeray Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset or its related term are showing as below:

IST:ZERGY' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.66   Med: -1.43   Max: 2.8
Current: -5.66

During the past 2 years, Zeray Gayrimenkul Yatirim Ortakligi AS's highest Return-on-Tangible-Asset was 2.80%. The lowest was -5.66%. And the median was -1.43%.

IST:ZERGY's Return-on-Tangible-Asset is ranked worse than
93.25% of 919 companies
in the REITs industry
Industry Median: 3.31 vs IST:ZERGY: -5.66

Zeray Gayrimenkul Yatirim Ortakligi AS  (IST:ZERGY) 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.


Zeray Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset Related Terms


Zeray Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Zeray Gayrimenkul Yatirim Ortakligi 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.

Zeray Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset Chart

Zeray Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec23 Dec24
Return-on-Tangible-Asset
2.80 -5.66

Zeray Gayrimenkul Yatirim Ortakligi AS Semi-Annual Data
Dec23 Dec24
Return-on-Tangible-Asset 2.80 -5.66

IST:ZERGY vs VMRK, EQR, ESS: Return-on-Tangible-Asset Comparison

For the REIT - Residential subindustry, Zeray Gayrimenkul Yatirim Ortakligi 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.


Zeray Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset vs REITs Industry

For the REITs industry and Real Estate sector, Zeray Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Zeray Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset falls into.



Zeray Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset Calculation

Zeray Gayrimenkul Yatirim Ortakligi AS'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 )
=-300.695/( (4799.473+5832.915)/ 2 )
=-300.695/5316.194
=-5.66 %

Zeray Gayrimenkul Yatirim Ortakligi AS'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: Dec. 2023 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Dec. 2023 )(Q: Dec. 2024 )
=-300.695/( (4799.473+5832.915)/ 2 )
=-300.695/5316.194
=-5.66 %

* 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 -5.66% mean?
Zeray Gayrimenkul Yatirim Ortakligi AS (IST:ZERGY) has a Return-on-Tangible-Asset of -5.66% 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 Zeray Gayrimenkul Yatirim Ortakligi AS and its competitors. According to the industry distribution chart, Zeray Gayrimenkul Yatirim Ortakligi AS ranks #857 out of 919 companies in the REITs industry, placing it in the top 93.3%.
Is Zeray Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset too high?
Zeray Gayrimenkul Yatirim Ortakligi AS's current Return-on-Tangible-Asset is -5.66%. Based on the distribution chart, Zeray Gayrimenkul Yatirim Ortakligi AS ranks #857 out of 919 companies in the REITs industry, which is in the bottom quartile relative to peers.
How does Zeray Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset compare to VMRK and EQR?
According to the REITs industry distribution chart, Zeray Gayrimenkul Yatirim Ortakligi AS ranks #857 out of 919 companies for Return-on-Tangible-Asset. This places Zeray Gayrimenkul Yatirim Ortakligi AS in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.31. 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.31, based on 919 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 Zeray Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zeray Gayrimenkul Yatirim Ortakligi AS's current Return-on-Tangible-Asset is -5.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zeray Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Zeray Gayrimenkul Yatirim Ortakligi AS (IST:ZERGY) has a current Return-on-Tangible-Asset of -5.66%. The current Return-on-Tangible-Asset is -5.66%. 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 Zeray Gayrimenkul Yatirim Ortakligi AS (IST:ZERGY), the current Return-on-Tangible-Asset is -5.66% 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.

Zeray Gayrimenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
Address Kocaeli, Kocaeli, TUR
Zeray Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust.