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The historical rank and industry rank for MNG Havayollari ve Tasimacilik AS's Return-on-Tangible-Equity or its related term are showing as below:
MNGA's Return-on-Tangible-Equity is not ranked *
in the Transportation industry.
Industry Median: 8.96 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) 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.
MNG Havayollari ve Tasimacilik AS Return-on-Tangible-Equity Related Terms
MNG Havayollari ve Tasimacilik AS Return-on-Tangible-Equity Historical Data
* 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.
MNG Havayollari ve Tasimacilik AS Return-on-Tangible-Equity Chart
MNG Havayollari ve Tasimacilik AS Annual Data
Trend
Dec20
Dec21
Dec22
Return-on-Tangible-Equity
31.82
32.72
36.19
MNG Havayollari ve Tasimacilik AS Quarterly Data
Dec20
Dec21
Sep22
Dec22
Return-on-Tangible-Equity
0.00
25.29
0.00
41.18
MNGA vs : Return-on-Tangible-Equity Comparison
For the Integrated Freight & Logistics subindustry, MNG Havayollari ve Tasimacilik AS'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.
MNG Havayollari ve Tasimacilik AS Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, MNG Havayollari ve Tasimacilik AS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where MNG Havayollari ve Tasimacilik AS'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 (Dec. 2022) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 41.18% mean?
MNG Havayollari ve Tasimacilik AS (MNGA) has a Return-on-Tangible-Equity of 41.18% as of Dec. 2022. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on MNG Havayollari ve Tasimacilik AS and its competitors.
Is MNG Havayollari ve Tasimacilik AS's Return-on-Tangible-Equity too high?
MNG Havayollari ve Tasimacilik AS's current Return-on-Tangible-Equity is 41.18%. The Transportation industry median Return-on-Tangible-Equity is 8.96. MNG Havayollari ve Tasimacilik AS's value of 41.18% is 359.6% above this industry median.
How does MNG Havayollari ve Tasimacilik AS's Return-on-Tangible-Equity compare to ?
MNG Havayollari ve Tasimacilik AS's Return-on-Tangible-Equity of 41.18% can be compared against companies in the Transportation industry. The industry median Return-on-Tangible-Equity is 8.96. MNG Havayollari ve Tasimacilik AS's value of 41.18% is 359.6% above 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 8.96, based on 979 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. MNG Havayollari ve Tasimacilik AS's current Return-on-Tangible-Equity of 41.18% is 359.6% above 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 MNG Havayollari ve Tasimacilik AS and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 8.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MNG Havayollari ve Tasimacilik AS's current Return-on-Tangible-Equity is 41.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MNG Havayollari ve Tasimacilik AS stock overvalued right now?
MNG Havayollari ve Tasimacilik AS (MNGA) has a current Return-on-Tangible-Equity of 41.18%. The current Return-on-Tangible-Equity is 41.18% and 359.6% above the Transportation industry median of 8.96. 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 MNG Havayollari ve Tasimacilik AS (MNGA), the current Return-on-Tangible-Equity is 41.18% as of Dec. 2022. 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.
MNG Havayollari ve Tasimacilik AS Business Description
MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.
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