GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » MAS PLC (JSE:MSP) » Definitions » Return-on-Tangible-Asset

MAS (JSE:MSP) Return-on-Tangible-Asset : 8.66% (As of Dec. 2024)


View and export this data going back to 2009. Start your Free Trial

What is MAS 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. MAS's annualized Net Income for the quarter that ended in Dec. 2024 was R2,903 Mil. MAS's average total tangible assets for the quarter that ended in Dec. 2024 was R33,528 Mil. Therefore, MAS's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 8.66%.

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

JSE:MSP' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.76   Med: 5.24   Max: 13.74
Current: 7.75

During the past 13 years, MAS's highest Return-on-Tangible-Asset was 13.74%. The lowest was -1.76%. And the median was 5.24%.

JSE:MSP's Return-on-Tangible-Asset is ranked better than
90.37% of 1806 companies
in the Real Estate industry
Industry Median: 1.4 vs JSE:MSP: 7.75

MAS Return-on-Tangible-Asset Historical Data

The historical data trend for MAS'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.

MAS Return-on-Tangible-Asset Chart

MAS Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.76 5.10 9.88 6.65 7.82

MAS Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 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 Premium Member Only 8.92 3.80 9.16 6.81 8.66

Competitive Comparison of MAS's Return-on-Tangible-Asset

For the Real Estate - Diversified subindustry, MAS'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.


MAS's Return-on-Tangible-Asset Distribution in the Real Estate Industry

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

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


;
;

MAS Return-on-Tangible-Asset Calculation

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=2443.651/( (29900.881+32561.66)/ 2 )
=2443.651/31231.2705
=7.82 %

MAS'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: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=2902.894/( (32561.66+34494.702)/ 2 )
=2902.894/33528.181
=8.66 %

* 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 two times the semi-annual (Dec. 2024) net income data.


MAS  (JSE:MSP) 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.


MAS Return-on-Tangible-Asset Related Terms

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


MAS Business Description

Industry
Traded in Other Exchanges
N/A
Address
Abate Rigord Street, Suite 11, Penthouse Level, Marina Business Centre, Ta’ Xbiex, MLT, XBX1129
MAS PLC is an internally managed green property investor and operator focused on retail properties in the Central and Eastern European (CEE) region. The company acquires, develops, and manages retail, office, industrial, and hotel properties. Its property portfolio includes Carolina Mall, Silk District Office, Arges Mall, and Pleiades Residence among others. The company's reportable segments are CEE direct assets (CEE), CEE development joint venture (DJV), WE direct assets (WE), and Corporate. Its key revenue is derived from the CEE direct assets (CEE) segment which includes income properties located in CEE fully owned and managed by the company. Geographically, the company derives maximum revenue from Romania, and the rest from Bulgaria, Poland, and Germany.

MAS Headlines

From GuruFocus

Datto Holding Corp (MSP) CEO Timothy Weller Sold $2 million of Shares

By GuruFocus Research GuruFocus Editor 12-04-2021

SHAREHOLDER ALERT: Weiss Law Investigates Datto Holding Corp.

By PRNewswire PRNewswire 04-11-2022

Datto to Present at Jefferies Virtual Software Conference

By Business Wire Business Wire 09-07-2021

Datto Releases Tool for MSP Community to Combat Log4j Vulnerability

By Business Wire Business Wire 12-21-2021

Datto Appoints Emily Tabak Epstein as General Counsel

By Business Wire Business Wire 02-07-2022

Datto Holding Corp (MSP) CEO Timothy Weller Sold $903,579 of Shares

By GuruFocus Research GuruFocus Editor 07-30-2021

Datto to Present at the BMO Technology Summit

By Business Wire Business Wire 08-17-2021

Datto to Present at RBC Capital Markets Global Technology Conference

By Business Wire Business Wire 11-11-2021