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TSL (XZIM:TSL.ZW) Return-on-Tangible-Asset : 0.26% (As of Oct. 2024)


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What is TSL 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. TSL's annualized Net Income for the quarter that ended in Oct. 2024 was ZWG6.3 Mil. TSL's average total tangible assets for the quarter that ended in Oct. 2024 was ZWG2,450.0 Mil. Therefore, TSL's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2024 was 0.26%.

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

XZIM:TSL.ZW' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.99   Med: 4.59   Max: 11.24
Current: 3.74

During the past 12 years, TSL's highest Return-on-Tangible-Asset was 11.24%. The lowest was 2.99%. And the median was 4.59%.

XZIM:TSL.ZW's Return-on-Tangible-Asset is ranked better than
63.87% of 584 companies
in the Conglomerates industry
Industry Median: 2.42 vs XZIM:TSL.ZW: 3.74

TSL Return-on-Tangible-Asset Historical Data

The historical data trend for TSL'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.

TSL Return-on-Tangible-Asset Chart

TSL Annual Data
Trend Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct23 Oct24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.99 4.16 11.24 7.15 3.82

TSL Semi-Annual Data
Oct11 Apr12 Oct12 Apr13 Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Apr23 Oct23 Apr24 Oct24
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 19.34 8.79 - 7.07 0.26

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

For the Conglomerates subindustry, TSL'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.


TSL's Return-on-Tangible-Asset Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, TSL's Return-on-Tangible-Asset distribution charts can be found below:

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


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TSL Return-on-Tangible-Asset Calculation

TSL's annualized Return-on-Tangible-Asset for the fiscal year that ended in Oct. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Oct. 2024 )  (A: Oct. 2023 )(A: Oct. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Oct. 2024 )  (A: Oct. 2023 )(A: Oct. 2024 )
=91.579/( (0+2397.719)/ 1 )
=91.579/2397.719
=3.82 %

TSL's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Oct. 2024 )  (Q: Apr. 2024 )(Q: Oct. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Oct. 2024 )  (Q: Apr. 2024 )(Q: Oct. 2024 )
=6.262/( (2502.307+2397.719)/ 2 )
=6.262/2450.013
=0.26 %

* 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 two times the semi-annual (Oct. 2024) net income data.


TSL  (XZIM:TSL.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.


TSL Return-on-Tangible-Asset Related Terms

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


TSL Business Description

Traded in Other Exchanges
N/A
Address
28 Simon Mazorodze Road, Southerton, Harare, ZWE
TSL Ltd provides agricultural inputs (fertilizer, chemicals, and packaging), farming, end-to-end logistics solutions, commodity marketing platforms, and industrial real estate. It has four reportable segments namely, the Logistics cluster offers end-to-end logistics services including warehousing and storage facilities, inland terminal and port services, transport, vehicle rental, distribution, and customs clearing. The Agriculture cluster is involved in the auctioning, packaging, production, and retailing of agricultural commodities. The Real estate cluster is involved in the rental and development of industrial properties. The Services cluster provides group activities and shared services in finance and treasury, human resources, procurement, and information technology.

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