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Notore Chemical Industries (NSA:NOTORE) Return-on-Tangible-Asset : -75.15% (As of Sep. 2024)


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What is Notore Chemical Industries 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. Notore Chemical Industries's annualized Net Income for the quarter that ended in Sep. 2024 was ₦-328,636 Mil. Notore Chemical Industries's average total tangible assets for the quarter that ended in Sep. 2024 was ₦437,314 Mil. Therefore, Notore Chemical Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was -75.15%.

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

NSA:NOTORE' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -66.53   Med: -2.92   Max: 5.92
Current: -66.53

During the past 7 years, Notore Chemical Industries's highest Return-on-Tangible-Asset was 5.92%. The lowest was -66.53%. And the median was -2.92%.

NSA:NOTORE's Return-on-Tangible-Asset is ranked worse than
96.56% of 262 companies
in the Agriculture industry
Industry Median: 3.19 vs NSA:NOTORE: -66.53

Notore Chemical Industries Return-on-Tangible-Asset Historical Data

The historical data trend for Notore Chemical Industries'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.

Notore Chemical Industries Return-on-Tangible-Asset Chart

Notore Chemical Industries Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial -3.30 -3.07 - -2.77 -36.17

Notore Chemical Industries Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only -34.93 -55.18 -37.42 -90.79 -75.15

Competitive Comparison of Notore Chemical Industries's Return-on-Tangible-Asset

For the Agricultural Inputs subindustry, Notore Chemical Industries'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.


Notore Chemical Industries's Return-on-Tangible-Asset Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Notore Chemical Industries's Return-on-Tangible-Asset distribution charts can be found below:

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


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Notore Chemical Industries Return-on-Tangible-Asset Calculation

Notore Chemical Industries's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=-114251.289/( (279211.168+352451.831)/ 2 )
=-114251.289/315831.4995
=-36.17 %

Notore Chemical Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=-328635.528/( (456406.816+418221.798)/ 2 )
=-328635.528/437314.307
=-75.15 %

* 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. 2024) net income data.


Notore Chemical Industries  (NSA:NOTORE) 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.


Notore Chemical Industries Return-on-Tangible-Asset Related Terms

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Notore Chemical Industries Business Description

Traded in Other Exchanges
N/A
Address
Notore Industrial Complex, Onne, Rivers State, NGA
Notore Chemical Industries PLC is a Nigerian company that manufactures chemical products. The company manufactures, treats, processes, produces, supplies and deals in nitrogenous fertilizers and all substances suited to improving the fertility of soil and water. It generates maximum revenue from Urea and other chemicals. The company offers products including NPK, Ammonia and Urea, and other chemicals. Geographically, it derives a majority of revenue from Nigeria. The Company's reportable segment has been identified on a product basis as Fertilizer and the Group is a one segment business.

Notore Chemical Industries Headlines

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