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Bangladesh Steel Re-Rolling Mills (DHA:BSRMLTD) Return-on-Tangible-Equity : 12.40% (As of Dec. 2023)


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What is Bangladesh Steel Re-Rolling Mills 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. Bangladesh Steel Re-Rolling Mills's annualized net income for the quarter that ended in Dec. 2023 was BDT5,312 Mil. Bangladesh Steel Re-Rolling Mills's average shareholder tangible equity for the quarter that ended in Dec. 2023 was BDT42,821 Mil. Therefore, Bangladesh Steel Re-Rolling Mills's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 12.40%.

The historical rank and industry rank for Bangladesh Steel Re-Rolling Mills's Return-on-Tangible-Equity or its related term are showing as below:

DHA:BSRMLTD' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.3   Med: 7.9   Max: 22.72
Current: 14.64

During the past 10 years, Bangladesh Steel Re-Rolling Mills's highest Return-on-Tangible-Equity was 22.72%. The lowest was 1.30%. And the median was 7.90%.

DHA:BSRMLTD's Return-on-Tangible-Equity is ranked better than
74.96% of 611 companies
in the Steel industry
Industry Median: 6.62 vs DHA:BSRMLTD: 14.64

Bangladesh Steel Re-Rolling Mills Return-on-Tangible-Equity Historical Data

The historical data trend for Bangladesh Steel Re-Rolling Mills'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.

Bangladesh Steel Re-Rolling Mills Return-on-Tangible-Equity Chart

Bangladesh Steel Re-Rolling Mills Annual Data
Trend Dec14 Dec15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.17 3.96 16.13 7.90 7.11

Bangladesh Steel Re-Rolling Mills Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Return-on-Tangible-Equity 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 5.69 16.51 23.77 6.23 12.40

Competitive Comparison of Bangladesh Steel Re-Rolling Mills's Return-on-Tangible-Equity

For the Steel subindustry, Bangladesh Steel Re-Rolling Mills'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.


Bangladesh Steel Re-Rolling Mills's Return-on-Tangible-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Bangladesh Steel Re-Rolling Mills's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Bangladesh Steel Re-Rolling Mills's Return-on-Tangible-Equity falls into.



Bangladesh Steel Re-Rolling Mills Return-on-Tangible-Equity Calculation

Bangladesh Steel Re-Rolling Mills's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=2913.565/( (40079.279+41927.205 )/ 2 )
=2913.565/41003.242
=7.11 %

Bangladesh Steel Re-Rolling Mills's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=5311.92/( (42588.259+43054.015)/ 2 )
=5311.92/42821.137
=12.40 %

* 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 (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Bangladesh Steel Re-Rolling Mills  (DHA:BSRMLTD) 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.


Bangladesh Steel Re-Rolling Mills Return-on-Tangible-Equity Related Terms

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Bangladesh Steel Re-Rolling Mills (DHA:BSRMLTD) Business Description

Traded in Other Exchanges
N/A
Address
1207/1099 Sadarghat Road, Ali Mansion, Chattogram, BGD, 4000
Bangladesh Steel Re-Rolling Mills Ltd is a Bangladesh-based steel manufacturing company. The company also deals in the sale of M.S. products like angle, channel, I Beam, H Beam, MS plate, and others. Its steel products are used inside Buildings, Bridges, and National Infrastructures. The company's products consists of XTREME 500W, XTREME 500W-STIRRUP, XTREME 500W-BEND CUT, MS SQUARE BAR, M.S ANGEL-MANUFACTURED, RIBBED WIRE ROD. The company generates the majority of its revenue from XTREME 500W sales.

Bangladesh Steel Re-Rolling Mills (DHA:BSRMLTD) Headlines

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