Alandalus Property Co (SAU:4320) Return-on-Tangible-Equity : 1.77% (As of Mar. 2024)

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What is Alandalus Property Co 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. Alandalus Property Co's annualized net income for the quarter that ended in Mar. 2024 was ﷼18.9 Mil. Alandalus Property Co's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ﷼1,062.6 Mil. Therefore, Alandalus Property Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 1.77%.

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

SAU:4320' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.33 Med: 6.22 Max: 11.18
Current: 2.51

During the past 9 years, Alandalus Property Co's highest Return-on-Tangible-Equity was 11.18%. The lowest was 1.33%. And the median was 6.22%.

SAU:4320's Return-on-Tangible-Equity is ranked worse than
51.39% of 1761 companies
in the Real Estate industry
Industry Median: 2.8 vs SAU:4320: 2.51

Alandalus Property Co Return-on-Tangible-Equity Historical Data

The historical data trend for Alandalus Property Co'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.

Alandalus Property Co Return-on-Tangible-Equity Chart

Alandalus Property Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Return-on-Tangible-Equity

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5.77

1.33

6.42

6.22

3.38

Alandalus Property Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Return-on-Tangible-Equity	Get a 7-Day Free Trial															5.29	4.32	2.67	1.24	1.77

Competitive Comparison of Alandalus Property Co's Return-on-Tangible-Equity

For the Real Estate Services subindustry, Alandalus Property Co'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.

Alandalus Property Co's Return-on-Tangible-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Alandalus Property Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Alandalus Property Co's Return-on-Tangible-Equity falls into.

Alandalus Property Co Return-on-Tangible-Equity Calculation

Alandalus Property Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	36.417	/	( (1082.456	+	1071.908 )	/ 2 )
	=	36.417	/	1077.182
	=	3.38 %

Alandalus Property Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	18.86	/	( (1071.908	+	1053.29)	/ 2 )
	=	18.86	/	1062.599
	=	1.77 %

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. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Alandalus Property Co (SAU:4320) 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.

Alandalus Property Co Return-on-Tangible-Equity Related Terms

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

Alandalus Property Co (SAU:4320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Alandalus Property Co (SAU:4320) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Northern Ring Branch Road, Al-Andalus Property Company Building, P.O. Box 260020, Al Wadi District, Riyadh, SAU, 11342

Website

https://www.alandalus.com.sa

Alandalus Property Co is a real estate development company based in Saudi Arabia. Its activities include construction, ownership, and management of centres, commercial and residential complexes, contracting of residential, commercial buildings, educational, recreational, health institutions, roads, dams, water and sewage projects, electrical and mechanical works. The company operates in three sectors. The Retail sector, which is the key revenue generator, includes leasing rental units of investment properties such as malls; the Hospitality sector includes hospitality service providing entities; and the office sector. Its projects include Al Andalus Mall, Hayat Mall, Dareen Mall, Sahafa Center, Tilal Center, and Yarmouk Center among others under development and Office Sector.

Alandalus Property Co (SAU:4320) Headlines

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