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The historical rank and industry rank for MNG Havayollari ve Tasimacilik AS's Return-on-Tangible-Asset or its related term are showing as below:
MNGA's Return-on-Tangible-Asset is not ranked *
in the Transportation industry.
Industry Median: 3.755 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) 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.
MNG Havayollari ve Tasimacilik AS Return-on-Tangible-Asset Related Terms
MNG Havayollari ve Tasimacilik AS Return-on-Tangible-Asset Historical Data
* 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.
MNG Havayollari ve Tasimacilik AS Return-on-Tangible-Asset Chart
MNG Havayollari ve Tasimacilik AS Annual Data
Trend
Dec20
Dec21
Dec22
Return-on-Tangible-Asset
16.95
16.42
18.94
MNG Havayollari ve Tasimacilik AS Quarterly Data
Dec20
Dec21
Sep22
Dec22
Return-on-Tangible-Asset
0.00
12.70
0.00
22.52
MNGA vs : Return-on-Tangible-Asset Comparison
For the Integrated Freight & Logistics subindustry, MNG Havayollari ve Tasimacilik AS'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.
MNG Havayollari ve Tasimacilik AS Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, MNG Havayollari ve Tasimacilik AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MNG Havayollari ve Tasimacilik AS'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 (Dec. 2022) net income data.
What does a Return-on-Tangible-Asset of 22.52% mean?
MNG Havayollari ve Tasimacilik AS (MNGA) has a Return-on-Tangible-Asset of 22.52% as of Dec. 2022. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on MNG Havayollari ve Tasimacilik AS and its competitors.
Is MNG Havayollari ve Tasimacilik AS's Return-on-Tangible-Asset too high?
MNG Havayollari ve Tasimacilik AS's current Return-on-Tangible-Asset is 22.52%. The Transportation industry median Return-on-Tangible-Asset is 3.76. MNG Havayollari ve Tasimacilik AS's value of 22.52% is 499.7% above this industry median.
How does MNG Havayollari ve Tasimacilik AS's Return-on-Tangible-Asset compare to ?
MNG Havayollari ve Tasimacilik AS's Return-on-Tangible-Asset of 22.52% can be compared against companies in the Transportation industry. The industry median Return-on-Tangible-Asset is 3.76. MNG Havayollari ve Tasimacilik AS's value of 22.52% is 499.7% 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.76, based on 1,012 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. MNG Havayollari ve Tasimacilik AS's current Return-on-Tangible-Asset of 22.52% is 499.7% 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 MNG Havayollari ve Tasimacilik AS and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MNG Havayollari ve Tasimacilik AS's current Return-on-Tangible-Asset is 22.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MNG Havayollari ve Tasimacilik AS stock overvalued right now?
MNG Havayollari ve Tasimacilik AS (MNGA) has a current Return-on-Tangible-Asset of 22.52%. The current Return-on-Tangible-Asset is 22.52% and 499.7% above the Transportation industry median of 3.76. 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 MNG Havayollari ve Tasimacilik AS (MNGA), the current Return-on-Tangible-Asset is 22.52% as of Dec. 2022. 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.
MNG Havayollari ve Tasimacilik AS Business Description
MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.
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