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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. TNS energo Mari El PJSC's annualizedNet Income for the quarter that ended in Jun. 2023 was ₽943 Mil. TNS energo Mari El PJSC's average total tangible assets for the quarter that ended in Jun. 2023 was ₽4,148 Mil. Therefore, TNS energo Mari El PJSC's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 was 22.75%.
The historical rank and industry rank for TNS energo Mari El PJSC's Return-on-Tangible-Asset or its related term are showing as below:
MIC:MISB's Return-on-Tangible-Asset is not ranked *
in the Utilities - Regulated industry.
Industry Median: 3.31 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
TNS energo Mari El PJSC (MIC:MISB) 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.
TNS energo Mari El PJSC Return-on-Tangible-Asset Related Terms
TNS energo Mari El PJSC Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TNS energo Mari El PJSC'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.
TNS energo Mari El PJSC Return-on-Tangible-Asset Chart
MIC:MISB vs NEE, SO, DUK: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Electric subindustry, TNS energo Mari El PJSC'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.
TNS energo Mari El PJSC Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, TNS energo Mari El PJSC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TNS energo Mari El PJSC'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 two times the semi-annual (Jun. 2023) net income data.
What does a Return-on-Tangible-Asset of 22.75% mean?
TNS energo Mari El PJSC (MIC:MISB) has a Return-on-Tangible-Asset of 22.75% as of Jun. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TNS energo Mari El PJSC and its competitors.
Is TNS energo Mari El PJSC's Return-on-Tangible-Asset too high?
TNS energo Mari El PJSC's current Return-on-Tangible-Asset is 22.75%. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.31. TNS energo Mari El PJSC's value of 22.75% is 587.3% above this industry median. Overall, TNS energo Mari El PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does TNS energo Mari El PJSC's Return-on-Tangible-Asset compare to NEE and SO?
TNS energo Mari El PJSC's Return-on-Tangible-Asset of 22.75% can be compared against companies in the Utilities - Regulated industry. The industry median Return-on-Tangible-Asset is 3.31. TNS energo Mari El PJSC's value of 22.75% is 587.3% 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 an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.31, based on 511 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. TNS energo Mari El PJSC's current Return-on-Tangible-Asset of 22.75% is 587.3% 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 TNS energo Mari El PJSC and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TNS energo Mari El PJSC's current Return-on-Tangible-Asset is 22.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TNS energo Mari El PJSC stock overvalued right now?
TNS energo Mari El PJSC (MIC:MISB) has a current Return-on-Tangible-Asset of 22.75%. The current Return-on-Tangible-Asset is 22.75% and 587.3% above the Utilities - Regulated industry median of 3.31. TNS energo Mari El PJSC's overall GF Score™ is 17/100. 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 TNS energo Mari El PJSC (MIC:MISB), the current Return-on-Tangible-Asset is 22.75% as of Jun. 2023. 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.
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