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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. AFC Agro Biotech's annualized net income for the quarter that ended in Mar. 2023 was BDT4.6 Mil. AFC Agro Biotech's average shareholder tangible equity for the quarter that ended in Mar. 2023 was BDT2,111.0 Mil. Therefore, AFC Agro Biotech's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2023 was 0.22%.
The historical rank and industry rank for AFC Agro Biotech's Return-on-Tangible-Equity or its related term are showing as below:
DHA:AFCAGRO's Return-on-Tangible-Equity is not ranked *
in the Drug Manufacturers industry.
Industry Median: 7.925 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
AFC Agro Biotech (DHA:AFCAGRO) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
AFC Agro Biotech Return-on-Tangible-Equity Related Terms
AFC Agro Biotech Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for AFC Agro Biotech's Return-on-Tangible-Equity 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.
DHA:AFCAGRO vs ZTS, VTRS, NBIX: Return-on-Tangible-Equity Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, AFC Agro Biotech's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
AFC Agro Biotech Return-on-Tangible-Equity vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, AFC Agro Biotech's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where AFC Agro Biotech's Return-on-Tangible-Equity falls into.
* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 0.22% mean?
AFC Agro Biotech (DHA:AFCAGRO) has a Return-on-Tangible-Equity of 0.22% as of Mar. 2023. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on AFC Agro Biotech and its competitors.
Is AFC Agro Biotech's Return-on-Tangible-Equity too high?
AFC Agro Biotech's current Return-on-Tangible-Equity is 0.22%. The Drug Manufacturers industry median Return-on-Tangible-Equity is 7.93. AFC Agro Biotech's value of 0.22% is 97.2% below this industry median. Overall, AFC Agro Biotech has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does AFC Agro Biotech's Return-on-Tangible-Equity compare to ZTS and VTRS?
AFC Agro Biotech's Return-on-Tangible-Equity of 0.22% can be compared against companies in the Drug Manufacturers industry. The industry median Return-on-Tangible-Equity is 7.93. AFC Agro Biotech's value of 0.22% is 97.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Drug Manufacturers company?
The median Return-on-Tangible-Equity among Drug Manufacturers companies is 7.93, based on 900 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AFC Agro Biotech's current Return-on-Tangible-Equity of 0.22% is 97.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on AFC Agro Biotech and its competitors. For the Drug Manufacturers industry, the median Return-on-Tangible-Equity is 7.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AFC Agro Biotech's current Return-on-Tangible-Equity is 0.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AFC Agro Biotech stock overvalued right now?
AFC Agro Biotech (DHA:AFCAGRO) has a current Return-on-Tangible-Equity of 0.22%. The current Return-on-Tangible-Equity is 0.22% and 97.2% below the Drug Manufacturers industry median of 7.93. AFC Agro Biotech's overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For AFC Agro Biotech (DHA:AFCAGRO), the current Return-on-Tangible-Equity is 0.22% as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
AFC Agro Biotech Ltd is a biotech products manufacturer. It is engaged in manufacturing biopharmaceuticals and biochemicals. It manufactures antibiotics, proteins, vaccines, enzymes from agricultural ingredients like molasses, glucose, potato starch, and other nutrients. The products manufactured by the company are macrolide protein, acetic acid, L-Lysine, monosodium glutamate, methionine, calcium hydrogen orthophosphate, magnesium carbonate, and sodium carbonate. It sells its products to the local markets in Bangladesh.
10GF Score
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