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Dolomite Bhd (XKLS:5835PA.PFD) Return-on-Tangible-Asset : -22.43% (As of Jun. 2022)


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What is Dolomite Bhd 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. Dolomite Bhd's annualized Net Income for the quarter that ended in Jun. 2022 was RM-78.86 Mil. Dolomite Bhd's average total tangible assets for the quarter that ended in Jun. 2022 was RM351.57 Mil. Therefore, Dolomite Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2022 was -22.43%.

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

XKLS:5835PA.PFD' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.7   Med: 0.48   Max: 2.84
Current: -11.7

During the past 13 years, Dolomite Bhd's highest Return-on-Tangible-Asset was 2.84%. The lowest was -11.70%. And the median was 0.48%.

XKLS:5835PA.PFD's Return-on-Tangible-Asset is not ranked
in the Real Estate industry.
Industry Median: 1.4 vs XKLS:5835PA.PFD: -11.70

Dolomite Bhd Return-on-Tangible-Asset Historical Data

The historical data trend for Dolomite Bhd'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.

Dolomite Bhd Return-on-Tangible-Asset Chart

Dolomite Bhd Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Jun19 Dec21
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.42 0.12 0.84 -8.45 -7.06

Dolomite Bhd Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Mar18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 -8.19 -8.46 -9.26 -6.77 -22.43

Competitive Comparison of Dolomite Bhd's Return-on-Tangible-Asset

For the Real Estate - Development subindustry, Dolomite Bhd'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.


Dolomite Bhd's Return-on-Tangible-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Dolomite Bhd's Return-on-Tangible-Asset distribution charts can be found below:

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


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Dolomite Bhd Return-on-Tangible-Asset Calculation

Dolomite Bhd's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2021 )  (A: Jun. 2019 )(A: Dec. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2021 )  (A: Jun. 2019 )(A: Dec. 2021 )
=-29.39/( (476.556+355.571)/ 2 )
=-29.39/416.0635
=-7.06 %

Dolomite Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2022 )  (Q: Mar. 2022 )(Q: Jun. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2022 )  (Q: Mar. 2022 )(Q: Jun. 2022 )
=-78.86/( (354.265+348.883)/ 2 )
=-78.86/351.574
=-22.43 %

* 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 four times the quarterly (Jun. 2022) net income data.


Dolomite Bhd  (XKLS:5835PA.PFD) 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.


Dolomite Bhd Return-on-Tangible-Asset Related Terms

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Dolomite Bhd Business Description

Traded in Other Exchanges
N/A
Address
Jalan Batu Caves, 19 Dolomite Park Avenue, Batu Caves, SGR, MYS, 68100
Dolomite Corp Bhd is an investment holding company engaged in the activities of construction and property development in Malaysia. The operating segments of the company are Manufacturing, Construction, Property development, Thermal power generation, and Investment holding. The group generates its key revenue from property development segment which relates to the development of commercial and residential properties.

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