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Ooredoo (MUS:ORDS) Return-on-Tangible-Asset : 3.43% (As of Dec. 2024)


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What is Ooredoo 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. Ooredoo's annualized Net Income for the quarter that ended in Dec. 2024 was ر.ع11.7 Mil. Ooredoo's average total tangible assets for the quarter that ended in Dec. 2024 was ر.ع341.9 Mil. Therefore, Ooredoo's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 3.43%.

The historical rank and industry rank for Ooredoo's Return-on-Tangible-Asset or its related term are showing as below:

MUS:ORDS' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.01   Med: 7.06   Max: 12.98
Current: 3.43

During the past 13 years, Ooredoo's highest Return-on-Tangible-Asset was 12.98%. The lowest was 3.01%. And the median was 7.06%.

MUS:ORDS's Return-on-Tangible-Asset is ranked better than
51.59% of 378 companies
in the Telecommunication Services industry
Industry Median: 3.15 vs MUS:ORDS: 3.43

Ooredoo Return-on-Tangible-Asset Historical Data

The historical data trend for Ooredoo'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.

Ooredoo Return-on-Tangible-Asset Chart

Ooredoo 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 5.50 3.41 5.17 3.01 3.43

Ooredoo Semi-Annual Data
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 5.50 3.41 5.17 3.01 3.43

Competitive Comparison of Ooredoo's Return-on-Tangible-Asset

For the Telecom Services subindustry, Ooredoo'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.


Ooredoo's Return-on-Tangible-Asset Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Ooredoo's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Ooredoo's Return-on-Tangible-Asset falls into.


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Ooredoo Return-on-Tangible-Asset Calculation

Ooredoo'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 )
=11.733/( (345.183+338.57)/ 2 )
=11.733/341.8765
=3.43 %

Ooredoo'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 )
=11.733/( (345.183+338.57)/ 2 )
=11.733/341.8765
=3.43 %

* 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.


Ooredoo  (MUS:ORDS) 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.


Ooredoo Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Ooredoo's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Ooredoo Business Description

Traded in Other Exchanges
N/A
Address
Central Post Office, P.O. Box 874, Tilal Building, Muscat, OMN, 111
Ooredoo is an Oman-based company operating in the telecom industry. The principal activities of the company are the operation, maintenance, and development of mobile and fixed telecommunications services in the Sultanate of Oman. The company operates through two business segments, namely Mobile and Fixed-line. The Mobile segment is engaged in the operation of Global System for Mobile Communication (GSM) for pre-paid and post-paid services, sale of telecommunication equipment and other associated services. The Fixed-line segment is involved in the provision of international and national voice and data services from fixed line, sale of telecommunication equipment and other associated services. It derives a majority of its revenue from the Mobile segment.

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