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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. PhosAgro PJSC's annualizedNet Income for the quarter that ended in Sep. 2023 was ₽61,048 Mil. PhosAgro PJSC's average total tangible assets for the quarter that ended in Sep. 2023 was ₽483,166 Mil. Therefore, PhosAgro PJSC's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was 12.64%.
The historical rank and industry rank for PhosAgro PJSC's Return-on-Tangible-Asset or its related term are showing as below:
MIC:PHOR's Return-on-Tangible-Asset is not ranked *
in the Agriculture industry.
Industry Median: 3.5 * 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.
PhosAgro PJSC Return-on-Tangible-Asset Related Terms
PhosAgro PJSC Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for PhosAgro 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.
MIC:PHOR vs CTVA, CF, MOS: Return-on-Tangible-Asset Comparison
For the Agricultural Inputs subindustry, PhosAgro 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.
PhosAgro PJSC Return-on-Tangible-Asset vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, PhosAgro PJSC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PhosAgro 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 four times the quarterly (Sep. 2023) net income data.
What does a Return-on-Tangible-Asset of 12.64% mean?
PhosAgro PJSC (MIC:PHOR) has a Return-on-Tangible-Asset of 12.64% as of Sep. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on PhosAgro PJSC and its competitors.
Is PhosAgro PJSC's Return-on-Tangible-Asset too high?
PhosAgro PJSC's current Return-on-Tangible-Asset is 12.64%. The Agriculture industry median Return-on-Tangible-Asset is 3.50. PhosAgro PJSC's value of 12.64% is 261.1% above this industry median. Overall, PhosAgro PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PhosAgro PJSC's Return-on-Tangible-Asset compare to CTVA and CF?
PhosAgro PJSC's Return-on-Tangible-Asset of 12.64% can be compared against companies in the Agriculture industry. The industry median Return-on-Tangible-Asset is 3.50. PhosAgro PJSC's value of 12.64% is 261.1% 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 an Agriculture company?
The median Return-on-Tangible-Asset among Agriculture companies is 3.50, based on 259 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. PhosAgro PJSC's current Return-on-Tangible-Asset of 12.64% is 261.1% 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 PhosAgro PJSC and its competitors. For the Agriculture industry, the median Return-on-Tangible-Asset is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PhosAgro PJSC's current Return-on-Tangible-Asset is 12.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PhosAgro PJSC stock overvalued right now?
PhosAgro PJSC (MIC:PHOR) has a current Return-on-Tangible-Asset of 12.64%. The current Return-on-Tangible-Asset is 12.64% and 261.1% above the Agriculture industry median of 3.50. PhosAgro 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 PhosAgro PJSC (MIC:PHOR), the current Return-on-Tangible-Asset is 12.64% as of Sep. 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.
PhosAgro PJSC produces and distributes fertilizer to the agricultural industry. The company has two segments organized by product: phosphate and nitrogen. The phosphate segment mines apatite-nepheline ore and then processes the ore into sulfate of potash fertilizer. The nitrogen segment produces nitrogen and ammonia-based fertilizers. To compete on cost, the firm controls its logistics operations through the ownership of ships, ports, and railroad cars. It generates revenue throughout the world, with Russia and Europe being its biggest markets.
17GF Score
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