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Dipula Properties (JSE:DIB) Return-on-Tangible-Asset : 4.73% (As of Feb. 2025)


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What is Dipula Properties 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. Dipula Properties's annualized Net Income for the quarter that ended in Feb. 2025 was R502 Mil. Dipula Properties's average total tangible assets for the quarter that ended in Feb. 2025 was R10,614 Mil. Therefore, Dipula Properties's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2025 was 4.73%.

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

JSE:DIB' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.25   Med: 6.6   Max: 11.08
Current: 7.76

During the past 13 years, Dipula Properties's highest Return-on-Tangible-Asset was 11.08%. The lowest was 1.25%. And the median was 6.60%.

JSE:DIB's Return-on-Tangible-Asset is ranked better than
84.67% of 933 companies
in the REITs industry
Industry Median: 2.87 vs JSE:DIB: 7.76

Dipula Properties Return-on-Tangible-Asset Historical Data

The historical data trend for Dipula Properties'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.

* Premium members only.

Dipula Properties Return-on-Tangible-Asset Chart

Dipula Properties Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 4.50 11.08 5.86 7.49

Dipula Properties Semi-Annual Data
Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25
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 Premium Member Only 5.08 6.60 4.16 10.82 4.73

Competitive Comparison of Dipula Properties's Return-on-Tangible-Asset

For the REIT - Retail subindustry, Dipula Properties'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.


Dipula Properties's Return-on-Tangible-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Dipula Properties's Return-on-Tangible-Asset distribution charts can be found below:

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


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Dipula Properties Return-on-Tangible-Asset Calculation

Dipula Properties's annualized Return-on-Tangible-Asset for the fiscal year that ended in Aug. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Aug. 2024 )  (A: Aug. 2023 )(A: Aug. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Aug. 2024 )  (A: Aug. 2023 )(A: Aug. 2024 )
=774.302/( (10108.28+10579.241)/ 2 )
=774.302/10343.7605
=7.49 %

Dipula Properties's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Feb. 2025 )  (Q: Aug. 2024 )(Q: Feb. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Feb. 2025 )  (Q: Aug. 2024 )(Q: Feb. 2025 )
=502.052/( (10579.241+10649.374)/ 2 )
=502.052/10614.3075
=4.73 %

* 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 two times the semi-annual (Feb. 2025) net income data.


Dipula Properties  (JSE:DIB) 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.


Dipula Properties Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Dipula Properties's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Dipula Properties Business Description

Traded in Other Exchanges
N/A
Address
16 Baker Street, 12th Floor, Firestation Rosebank, Rosebank, Johannesburg, GT, ZAF, 2196
Dipula Properties Ltd Formerly Dipula Income Fund Ltd is a South Africa-based real estate investment trust. It owns a portfolio consisting of defensive urban, township, and rural community retail centers. In addition to retail Dipula also owns industrial and logistics mid-sized properties, office properties in urban areas, and affordable residential rental assets in economically active locations throughout South Africa. The company's operating segments include Retail, Offices, Industrial, Land, Residential, and Corporate. The majority of its revenue is derived from the Retail segment which represents income generated from its portfolio of shopping centres. The majority of its properties are in Gauteng.

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