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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. AREIT Prop's annualizedNet Income for the quarter that ended in Dec. 2022 was R-68.04 Mil. AREIT Prop's average total tangible assets for the quarter that ended in Dec. 2022 was R937.34 Mil. Therefore, AREIT Prop's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2022 was -7.26%.
The historical rank and industry rank for AREIT Prop's Return-on-Tangible-Asset or its related term are showing as below:
JSE:APO's Return-on-Tangible-Asset is not ranked *
in the REITs industry.
Industry Median: 3.28 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
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.
AREIT Prop Return-on-Tangible-Asset Related Terms
AREIT Prop Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for AREIT Prop'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.
AREIT Prop Return-on-Tangible-Asset Chart
AREIT Prop Annual Data
Trend
Dec21
Dec22
Return-on-Tangible-Asset
0.00
4.31
AREIT Prop Quarterly Data
Dec21
Mar22
Jun22
Sep22
Dec22
Return-on-Tangible-Asset
0.00
7.41
6.38
10.45
-7.26
JSE:APO vs VICI, WPC, STOR: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, AREIT Prop'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.
AREIT Prop Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, AREIT Prop's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where AREIT Prop'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. 2022) net income data.
What does a Return-on-Tangible-Asset of -7.26% mean?
AREIT Prop (JSE:APO) has a Return-on-Tangible-Asset of -7.26% as of Dec. 2022. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on AREIT Prop and its competitors.
Is AREIT Prop's Return-on-Tangible-Asset too high?
AREIT Prop's current Return-on-Tangible-Asset is -7.26%. Overall, AREIT Prop has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does AREIT Prop's Return-on-Tangible-Asset compare to VICI and WPC?
AREIT Prop's Return-on-Tangible-Asset of -7.26% can be compared against companies in the REITs industry. The industry median Return-on-Tangible-Asset is 3.28. 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 3.28, based on 926 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 AREIT Prop and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AREIT Prop's current Return-on-Tangible-Asset is -7.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AREIT Prop stock overvalued right now?
AREIT Prop (JSE:APO) has a current Return-on-Tangible-Asset of -7.26%. The current Return-on-Tangible-Asset is -7.26%. AREIT Prop's overall GF Score™ is 20/100. 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 AREIT Prop (JSE:APO), the current Return-on-Tangible-Asset is -7.26% as of Dec. 2022. 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.
AREIT Prop Ltd is Investing in leasehold rights to earn fixed rentals. Its reportable operating segments are Cresta Grande Hotel, Fountains Hotel, Lady Hamilton property, and Head office.
20GF Score
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