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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. PT Cowell Development Tbk's annualizedNet Income for the quarter that ended in Dec. 2019 was Rp-3,735,661 Mil. PT Cowell Development Tbk's average total tangible assets for the quarter that ended in Dec. 2019 was Rp2,287,509 Mil. Therefore, PT Cowell Development Tbk's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2019 was -163.31%.
The historical rank and industry rank for PT Cowell Development Tbk's Return-on-Tangible-Asset or its related term are showing as below:
ISX:COWL's Return-on-Tangible-Asset is not ranked *
in the Real Estate industry.
Industry Median: 1.86 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
PT Cowell Development Tbk (ISX:COWL) 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.
PT Cowell Development Tbk Return-on-Tangible-Asset Related Terms
PT Cowell Development Tbk Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for PT Cowell Development Tbk'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.
PT Cowell Development Tbk Return-on-Tangible-Asset Chart
PT Cowell Development Tbk Return-on-Tangible-Asset Competitor Comparison
For the Real Estate - Development subindustry, PT Cowell Development Tbk'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.
PT Cowell Development Tbk Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PT Cowell Development Tbk's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PT Cowell Development Tbk'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 (Dec. 2019) net income data.
What does a Return-on-Tangible-Asset of -163.31% mean?
PT Cowell Development Tbk (ISX:COWL) has a Return-on-Tangible-Asset of -163.31% as of Dec. 2019. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on PT Cowell Development Tbk and its competitors.
Is PT Cowell Development Tbk's Return-on-Tangible-Asset too high?
PT Cowell Development Tbk's current Return-on-Tangible-Asset is -163.31%. Overall, PT Cowell Development Tbk has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does PT Cowell Development Tbk's Return-on-Tangible-Asset compare to competitors?
PT Cowell Development Tbk's Return-on-Tangible-Asset of -163.31% can be compared against companies in the Real Estate industry. The industry median Return-on-Tangible-Asset is 1.86. 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.86, based on 1,801 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 PT Cowell Development Tbk and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Cowell Development Tbk's current Return-on-Tangible-Asset is -163.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Cowell Development Tbk stock overvalued right now?
PT Cowell Development Tbk (ISX:COWL) has a current Return-on-Tangible-Asset of -163.31%. The current Return-on-Tangible-Asset is -163.31%. PT Cowell Development Tbk's overall GF Score™ is 4/100. 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 PT Cowell Development Tbk (ISX:COWL), the current Return-on-Tangible-Asset is -163.31% as of Dec. 2019. 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.
PT Cowell Development Tbk is a real estate company. It is engaged in construction and development of residential and commercial real estate. The company portfolio consists of residential properties, namely Melati Mas Residence, Serpong Park, Serpong Terrace, Laverde, and Borneo Paradiso, and multi-story buildings such as Westmark, The Oasis, and Lexington Residence. The company's segments include Real estate; Apartment and Rental space. It derives its revenues from Rental space segment.
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