GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Resort Savings and Loans PLC (NSA:RESORTSAL) » Definitions » Return-on-Tangible-Asset

Resortvings and Loans (NSA:RESORTSAL) Return-on-Tangible-Asset : 0.00% (As of . 20)


View and export this data going back to 2009. Start your Free Trial

What is Resortvings and Loans 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. Resortvings and Loans's annualized Net Income for the quarter that ended in . 20 was ₦ Mil. Resortvings and Loans's average total tangible assets for the quarter that ended in . 20 was ₦ Mil. Therefore, Resortvings and Loans's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 was 0.00%.

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

NSA:RESORTSAL's Return-on-Tangible-Asset is not ranked *
in the Banks industry.
Industry Median: 0.9
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Resortvings and Loans Return-on-Tangible-Asset Historical Data

The historical data trend for Resortvings and Loans'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.

Resortvings and Loans Return-on-Tangible-Asset Chart

Resortvings and Loans Annual Data
Trend
Return-on-Tangible-Asset

Resortvings and Loans Quarterly Data
Return-on-Tangible-Asset

Competitive Comparison of Resortvings and Loans's Return-on-Tangible-Asset

For the Mortgage Finance subindustry, Resortvings and Loans'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.


Resortvings and Loans's Return-on-Tangible-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Resortvings and Loans's Return-on-Tangible-Asset distribution charts can be found below:

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



Resortvings and Loans Return-on-Tangible-Asset Calculation

Resortvings and Loans's annualized Return-on-Tangible-Asset for the fiscal year that ended in . 20 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=/( (+)/ )
=/
= %

Resortvings and Loans's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: . 20 )  (Q: . 20 )(Q: . 20 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: . 20 )  (Q: . 20 )(Q: . 20 )
=/( (+)/ )
=/
= %

* 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 (. 20) net income data.


Resortvings and Loans  (NSA:RESORTSAL) 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.


Resortvings and Loans Return-on-Tangible-Asset Related Terms

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


Resortvings and Loans (NSA:RESORTSAL) Business Description

Traded in Other Exchanges
N/A
Address
12, Boyle street Onikan, Lagos, NGA
Resort Savings and Loans PLC operates as a Mortgage bank. It is a primary Mortgage Bank (PMB) authorised to receive deposits and maintain accounts for their customers for the purpose of providing service, creating mortgage assets and other credit facilities. It provides retail Mortgage Banking Services to variety of customers to own their own houses. The bank is actively involved in the National Housing Fund loan disbursement and the monthly NHF remittance collection.

Resortvings and Loans (NSA:RESORTSAL) Headlines

No Headlines