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National Tyre Services (XZIM:NTS.ZW) Return-on-Tangible-Asset : 34.42% (As of Mar. 2024)


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What is National Tyre Services 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. National Tyre Services's annualized Net Income for the quarter that ended in Mar. 2024 was ZWL91,393 Mil. National Tyre Services's average total tangible assets for the quarter that ended in Mar. 2024 was ZWL265,502 Mil. Therefore, National Tyre Services's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 34.42%.

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

XZIM:NTS.ZW' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -161.6   Med: 5.78   Max: 34.42
Current: 34.42

During the past 10 years, National Tyre Services's highest Return-on-Tangible-Asset was 34.42%. The lowest was -161.60%. And the median was 5.78%.

XZIM:NTS.ZW's Return-on-Tangible-Asset is ranked better than
99.62% of 1326 companies
in the Vehicles & Parts industry
Industry Median: 3.05 vs XZIM:NTS.ZW: 34.42

National Tyre Services Return-on-Tangible-Asset Historical Data

The historical data trend for National Tyre Services'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.

National Tyre Services Return-on-Tangible-Asset Chart

National Tyre Services Annual Data
Trend Mar09 Mar11 Mar12 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.60 0.53 5.10 -161.60 34.42

National Tyre Services Semi-Annual Data
Mar09 Mar11 Mar12 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.60 0.53 5.10 -161.60 34.42

Competitive Comparison of National Tyre Services's Return-on-Tangible-Asset

For the Auto Parts subindustry, National Tyre Services'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.


National Tyre Services's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, National Tyre Services's Return-on-Tangible-Asset distribution charts can be found below:

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


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National Tyre Services Return-on-Tangible-Asset Calculation

National Tyre Services's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=91393.075/( (14515.711+516487.744)/ 2 )
=91393.075/265501.7275
=34.42 %

National Tyre Services's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Mar. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Mar. 2023 )(Q: Mar. 2024 )
=91393.075/( (14515.711+516487.744)/ 2 )
=91393.075/265501.7275
=34.42 %

* 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 (Mar. 2024) net income data.


National Tyre Services  (XZIM:NTS.ZW) 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.


National Tyre Services Return-on-Tangible-Asset Related Terms

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


National Tyre Services Business Description

Traded in Other Exchanges
N/A
Address
Corner Cripps and Seke Roads, P.O. Box 3018, Stand No. 4608, Graniteside, Harare, ZWE
National Tyre Services Ltd is engaged in reprocessing and the retailing of tyres. The company is a retailer of new tyres and tubes. In addition, its other activities include relugging of agriculture and earth moving tyres and the procurement of truck tyres for the Zimbabwe transport industry. The company's product consists of Dunlop, Bridgestone, Firestone, Yokohama, Pirelli, Bandag, Regal, and Comforser which offers passenger, sports utility vehicle, light truck, trucks, and bus, off-the-road, agriculture, application-specific and light truck tyres. The company has over 10 retail outlets situated throughout the country with over three being located in Harare.

National Tyre Services Headlines

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