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Zb Financial Holdings (XZIM:ZBFH.ZW) Return-on-Tangible-Asset : 0.12% (As of Jun. 2024)


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What is Zb Financial Holdings 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. Zb Financial Holdings's annualized Net Income for the quarter that ended in Jun. 2024 was ZWG164 Mil. Zb Financial Holdings's average total tangible assets for the quarter that ended in Jun. 2024 was ZWG140,126 Mil. Therefore, Zb Financial Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 0.12%.

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

XZIM:ZBFH.ZW' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.65   Med: 6.31   Max: 18.77
Current: 18.77

During the past 10 years, Zb Financial Holdings's highest Return-on-Tangible-Asset was 18.77%. The lowest was -2.65%. And the median was 6.31%.

XZIM:ZBFH.ZW's Return-on-Tangible-Asset is ranked better than
99.69% of 1589 companies
in the Banks industry
Industry Median: 0.89 vs XZIM:ZBFH.ZW: 18.77

Zb Financial Holdings Return-on-Tangible-Asset Historical Data

The historical data trend for Zb Financial Holdings'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.

Zb Financial Holdings Return-on-Tangible-Asset Chart

Zb Financial Holdings Annual Data
Trend Dec08 Dec09 Dec11 Dec12 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.89 7.43 5.18 16.66 15.24

Zb Financial Holdings Semi-Annual Data
Dec08 Dec09 Dec11 Jun12 Dec12 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 29.46 28.93 0.18 24.96 0.12

Competitive Comparison of Zb Financial Holdings's Return-on-Tangible-Asset

For the Banks - Regional subindustry, Zb Financial Holdings'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.


Zb Financial Holdings's Return-on-Tangible-Asset Distribution in the Banks Industry

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

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


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Zb Financial Holdings Return-on-Tangible-Asset Calculation

Zb Financial Holdings'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 )
=30882.53/( (125177.978+280232.933)/ 2 )
=30882.53/202705.4555
=15.24 %

Zb Financial Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=164.104/( (280232.933+19.863)/ 2 )
=164.104/140126.398
=0.12 %

* 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 (Jun. 2024) net income data.


Zb Financial Holdings  (XZIM:ZBFH.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.


Zb Financial Holdings Return-on-Tangible-Asset Related Terms

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Zb Financial Holdings Business Description

Traded in Other Exchanges
N/A
Address
21 Natal Road, Avondale, Harare, ZWE
Zb Financial Holdings Ltd is a Zimbabwe-based investment holding company. Along with its subsidiaries, its business segments are Banking Operations, Insurance Operations, Investments cluster, and Other Strategic Investments. The banking segment derives the majority of the revenue for the group, which provides a wide range of financial services to customers through a wide network of branches and electronic delivery channels. Its core business is retail and commercial banking services. Its product range includes deposit, personal and corporate lending, asset finance, mortgage finance, treasury management, corporate advisory services, medium to long-term structured finance, share transfer and script management services, and a wide array of card-based facilities.

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