Appollo Ispat Complex (DHA:APOLOISPAT) Return-on-Tangible-Equity : 0.75% (As of Mar. 2019)

View and export this data going back to 2013. Start your Free Trial

What is Appollo Ispat Complex Return-on-Tangible-Equity?

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. Appollo Ispat Complex's annualized net income for the quarter that ended in Mar. 2019 was BDT58 Mil. Appollo Ispat Complex's average shareholder tangible equity for the quarter that ended in Mar. 2019 was BDT7,786 Mil. Therefore, Appollo Ispat Complex's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2019 was 0.75%.

The historical rank and industry rank for Appollo Ispat Complex's Return-on-Tangible-Equity or its related term are showing as below:

DHA:APOLOISPAT's Return-on-Tangible-Equity is not ranked ^*
in the Steel industry.
Industry Median: 6.055
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Appollo Ispat Complex Return-on-Tangible-Equity Historical Data

The historical data trend for Appollo Ispat Complex'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.

* Premium members only.

Appollo Ispat Complex Return-on-Tangible-Equity Chart

Appollo Ispat Complex Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Return-on-Tangible-Equity

Get a 7-Day Free Trial

7.37

7.61

10.37

6.23

0.27

Appollo Ispat Complex Quarterly Data
	Mar14	Jun14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Return-on-Tangible-Equity	Get a 7-Day Free Trial															0.68	-1.40	-1.77	-2.76	0.75

Competitive Comparison of Appollo Ispat Complex's Return-on-Tangible-Equity

For the Steel subindustry, Appollo Ispat Complex'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.

Appollo Ispat Complex's Return-on-Tangible-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Appollo Ispat Complex's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Appollo Ispat Complex's Return-on-Tangible-Equity falls into.

Appollo Ispat Complex Return-on-Tangible-Equity Calculation

Appollo Ispat Complex's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2018 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Jun. 2018 )		(A: Jun. 2017 )		(A: Jun. 2018 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Jun. 2018 )		(A: Jun. 2017 )		(A: Jun. 2018 )
	=	21.41	/	( (7845.91	+	7867.319 )	/ 2 )
	=	21.41	/	7856.6145
	=	0.27 %

Appollo Ispat Complex's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2019 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	58.072	/	( (7778.796	+	7793.314)	/ 2 )
	=	58.072	/	7786.055
	=	0.75 %

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. 2019) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Appollo Ispat Complex (DHA:APOLOISPAT) 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.

Appollo Ispat Complex Return-on-Tangible-Equity Related Terms

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

Appollo Ispat Complex (DHA:APOLOISPAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Appollo Ispat Complex Ltd (DHA:APOLOISPAT) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

407, Tejgaon Industrial Area, 4th Floor, Phoenix Tower, Dhaka, BGD, 1208

Website

http://www.appollo-ispat.com

Appollo Ispat Complex Ltd manufactures and sells corrugated iron sheets in Bangladesh and internationally. It offers cold rolled coils; iron or steel galvanized sheets/coils; and ridges. The company's products are used for roofing of new factories, warehouses, and sheds in industrial applications; roofing cow sheds, the roofing and side fencing of poultry farms, and the fencing of agricultural projects; and roofing small shops, shutter as well as for fencing around the construction area.

Appollo Ispat Complex (DHA:APOLOISPAT) Headlines

No Headlines