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Asset Plus (NZSE:APL) Return-on-Tangible-Equity : -12.30% (As of Mar. 2025)


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What is Asset Plus 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. Asset Plus's annualized net income for the quarter that ended in Mar. 2025 was NZ$-16.04 Mil. Asset Plus's average shareholder tangible equity for the quarter that ended in Mar. 2025 was NZ$130.45 Mil. Therefore, Asset Plus's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2025 was -12.30%.

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

NZSE:APL' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14.39   Med: 2.21   Max: 12.55
Current: -4.25

During the past 13 years, Asset Plus's highest Return-on-Tangible-Equity was 12.55%. The lowest was -14.39%. And the median was 2.21%.

NZSE:APL's Return-on-Tangible-Equity is ranked worse than
86.51% of 919 companies
in the REITs industry
Industry Median: 5.75 vs NZSE:APL: -4.25

Asset Plus Return-on-Tangible-Equity Historical Data

The historical data trend for Asset Plus'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.

Asset Plus Return-on-Tangible-Equity Chart

Asset Plus Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.55 1.82 -8.53 -3.68 -4.41

Asset Plus Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 -17.42 -6.55 -0.82 3.26 -12.30

Competitive Comparison of Asset Plus's Return-on-Tangible-Equity

For the REIT - Diversified subindustry, Asset Plus'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.


Asset Plus's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Asset Plus's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Asset Plus's Return-on-Tangible-Equity falls into.


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Asset Plus Return-on-Tangible-Equity Calculation

Asset Plus's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=-5.696/( (141.208+117.374 )/ 2 )
=-5.696/129.291
=-4.41 %

Asset Plus's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2025 )  (Q: Sep. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Sep. 2024 )(Q: Mar. 2025 )
=-16.04/( (143.532+117.374)/ 2 )
=-16.04/130.453
=-12.30 %

* 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 two times the semi-annual (Mar. 2025) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Asset Plus  (NZSE:APL) 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.


Asset Plus Return-on-Tangible-Equity Related Terms

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


Asset Plus Business Description

Industry
Traded in Other Exchanges
N/A
Address
C/- Centuria Funds Management Limited, 30 Gaunt Street, Level 2, Bayleys House, Wynyard Quarter, Auckland, NTL, NZL, 1010
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.

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