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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. Remitly Global's annualizedNet Income for the quarter that ended in Jun. 2026 was MXN14,372 Mil. Remitly Global's average total tangible assets for the quarter that ended in Jun. 2026 was MXN25,172 Mil. Therefore, Remitly Global's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 57.09%.
The historical rank and industry rank for Remitly Global's Return-on-Tangible-Asset or its related term are showing as below:
MEX:RELY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -19.32 Med: -10.35 Max: 23.46
Current: 23.46
During the past 7 years, Remitly Global's highest Return-on-Tangible-Asset was 23.46%. The lowest was -19.32%. And the median was -10.35%.
MEX:RELY's Return-on-Tangible-Asset is ranked better than 93.02% of 2894
companies
in the Software industry
Industry Median: 2.095
vs MEX:RELY: 23.46
Remitly Global (MEX:RELY) 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.
Remitly Global Return-on-Tangible-Asset Related Terms
Remitly Global Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Remitly Global'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.
MEX:RELY vs ZETA, NTSK, QLYS: Return-on-Tangible-Asset Comparison
For the Software - Infrastructure subindustry, Remitly Global'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.
Remitly Global Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Remitly Global's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Remitly Global'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 57.09% mean?
Remitly Global (MEX:RELY) has a Return-on-Tangible-Asset of 57.09% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Remitly Global and its competitors. According to the industry distribution chart, Remitly Global ranks #202 out of 2894 companies in the Software industry, placing it in the top 7%.
Is Remitly Global's Return-on-Tangible-Asset too high?
Remitly Global's current Return-on-Tangible-Asset is 57.09%. The Software industry median Return-on-Tangible-Asset is 2.10. Remitly Global's value of 57.09% is 2625.1% above this industry median. Based on the distribution chart, Remitly Global ranks #202 out of 2894 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Remitly Global has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Remitly Global's Return-on-Tangible-Asset compare to ZETA and NTSK?
According to the Software industry distribution chart, Remitly Global ranks #202 out of 2894 companies for Return-on-Tangible-Asset. This places Remitly Global in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.10. Remitly Global's value of 57.09% is 2625.1% above this benchmark. 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.10, based on 2,894 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. Remitly Global's current Return-on-Tangible-Asset of 57.09% is 2625.1% above the industry median. 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 Remitly Global and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Remitly Global's current Return-on-Tangible-Asset is 57.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Remitly Global stock overvalued right now?
Based on GuruFocus' analysis, Remitly Global (MEX:RELY) is currently considered Fairly Valued. The stock's GF Value™ is MXN397.87, compared to a current price of MXN420.00 — trading 5.6% above its estimated fair value. The current Return-on-Tangible-Asset is 57.09% and 2625.1% above the Software industry median of 2.10. Remitly Global's overall GF Score™ is 61/100 with 5 warning signs to review. 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 Remitly Global (MEX:RELY), the current Return-on-Tangible-Asset is 57.09% as of Jun. 2026. 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.
Is Remitly Global (MEX:RELY) Overvalued in 2026?
Based on GuruFocus' analysis, Remitly Global stock appears to be overvalued.
The current stock price of MXN420.00 is trading 5.6% above its estimated GF Value™ of MXN397.87.
GuruFocus considers Remitly Global to be Fairly Valued.
Key valuation signals for MEX:RELY:
Return-on-Tangible-Asset: 57.09%
GF Value™: MXN397.87 vs. price of MXN420.00 (5.6% above fair value)
Industry Position: 2625.1% above the Software median (#202 of 2894)
No single metric tells the full story. See the MEX:RELY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated from transaction fees charged to customers, and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
61GF Score
Get the complete analysis for MEX:RELY
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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