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Erbil Bank for Investment & Finance (IQS:BERI) Return-on-Tangible-Equity : 0.30% (As of Dec. 2022)


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What is Erbil Bank for Investment & Finance 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. Erbil Bank for Investment & Finance's annualized net income for the quarter that ended in Dec. 2022 was ع.د791 Mil. Erbil Bank for Investment & Finance's average shareholder tangible equity for the quarter that ended in Dec. 2022 was ع.د264,187 Mil. Therefore, Erbil Bank for Investment & Finance's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2022 was 0.30%.

The historical rank and industry rank for Erbil Bank for Investment & Finance's Return-on-Tangible-Equity or its related term are showing as below:

IQS:BERI's Return-on-Tangible-Equity is not ranked *
in the Banks industry.
Industry Median: 10.33
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Erbil Bank for Investment & Finance Return-on-Tangible-Equity Historical Data

The historical data trend for Erbil Bank for Investment & Finance'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.

Erbil Bank for Investment & Finance Return-on-Tangible-Equity Chart

Erbil Bank for Investment & Finance Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Return-on-Tangible-Equity
0.83 -1.42 -4.91 3.28 0.30

Erbil Bank for Investment & Finance Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Dec22
Return-on-Tangible-Equity 0.83 -1.42 -4.91 3.28 0.30

Competitive Comparison of Erbil Bank for Investment & Finance's Return-on-Tangible-Equity

For the Banks - Regional subindustry, Erbil Bank for Investment & Finance'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.


Erbil Bank for Investment & Finance's Return-on-Tangible-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Erbil Bank for Investment & Finance's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Erbil Bank for Investment & Finance's Return-on-Tangible-Equity falls into.



Erbil Bank for Investment & Finance Return-on-Tangible-Equity Calculation

Erbil Bank for Investment & Finance's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=791.492/( (266790.983+261582.475 )/ 2 )
=791.492/264186.729
=0.30 %

Erbil Bank for Investment & Finance's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2022 )  (Q: Dec. 2021 )(Q: Dec. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2022 )  (Q: Dec. 2021 )(Q: Dec. 2022 )
=791.492/( (266790.983+261582.475)/ 2 )
=791.492/264186.729
=0.30 %

* 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 one times the annual (Dec. 2022) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Erbil Bank for Investment & Finance  (IQS:BERI) 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.


Erbil Bank for Investment & Finance Return-on-Tangible-Equity Related Terms

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Erbil Bank for Investment & Finance Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Khanqa Street, opposite the Ministry of Municipalities, P.O. Box 20/384, Erbil, IRQ
Erbil Bank for Investment & Finance is a financial services organization that provides its presence in the banking sector through services offered to customers. The company offers products such as Banking accounts, Erbil bank cards, Internal and foreign remittances, Mobile banking, and credit services.