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Al Jazeera Steel Products CoOG (MUS:ATMI) Return-on-Tangible-Asset : 6.19% (As of Dec. 2024)


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What is Al Jazeera Steel Products CoOG 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. Al Jazeera Steel Products CoOG's annualized Net Income for the quarter that ended in Dec. 2024 was ر.ع7.1 Mil. Al Jazeera Steel Products CoOG's average total tangible assets for the quarter that ended in Dec. 2024 was ر.ع115.2 Mil. Therefore, Al Jazeera Steel Products CoOG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 6.19%.

The historical rank and industry rank for Al Jazeera Steel Products CoOG's Return-on-Tangible-Asset or its related term are showing as below:

MUS:ATMI' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.44   Med: 4.28   Max: 11
Current: 6.19

During the past 13 years, Al Jazeera Steel Products CoOG's highest Return-on-Tangible-Asset was 11.00%. The lowest was 0.44%. And the median was 4.28%.

MUS:ATMI's Return-on-Tangible-Asset is ranked better than
78.65% of 637 companies
in the Steel industry
Industry Median: 1.98 vs MUS:ATMI: 6.19

Al Jazeera Steel Products CoOG Return-on-Tangible-Asset Historical Data

The historical data trend for Al Jazeera Steel Products CoOG'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.

Al Jazeera Steel Products CoOG Return-on-Tangible-Asset Chart

Al Jazeera Steel Products CoOG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.49 11.00 3.32 4.06 6.19

Al Jazeera Steel Products CoOG Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 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 4.49 11.00 3.32 4.06 6.19

Competitive Comparison of Al Jazeera Steel Products CoOG's Return-on-Tangible-Asset

For the Steel subindustry, Al Jazeera Steel Products CoOG'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.


Al Jazeera Steel Products CoOG's Return-on-Tangible-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Al Jazeera Steel Products CoOG's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Al Jazeera Steel Products CoOG's Return-on-Tangible-Asset falls into.


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Al Jazeera Steel Products CoOG Return-on-Tangible-Asset Calculation

Al Jazeera Steel Products CoOG's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=7.131/( (109.378+121.095)/ 2 )
=7.131/115.2365
=6.19 %

Al Jazeera Steel Products CoOG'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: Dec. 2023 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Dec. 2023 )(Q: Dec. 2024 )
=7.131/( (109.378+121.095)/ 2 )
=7.131/115.2365
=6.19 %

* 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 one times the annual (Dec. 2024) net income data.


Al Jazeera Steel Products CoOG  (MUS:ATMI) 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.


Al Jazeera Steel Products CoOG Return-on-Tangible-Asset Related Terms

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Al Jazeera Steel Products CoOG Business Description

Traded in Other Exchanges
N/A
Address
Suhar Industrial Estate, P.O. Box 40, Suhar, OMN, 327
Al Jazeera Steel Products Co SAOG is a steel manufacturing firm. It manufactures and sale steel tube, pipes and structural products including associated work. The company deals in products such as Black pipes, Galvanized pipes, Hollow sections, CTL Sheets and Merchant bar, of which key revenue is derived from the sales of Merchant bars. Geographically, the group has a business presence in the GCC countries including Oman, North America and other countries.

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