Azar Refractories Co (XTEH:NSAZ1) Return-on-Tangible-Equity : 0.00% (As of . 20)

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What is Azar Refractories 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. Azar Refractories Co's annualized net income for the quarter that ended in . 20 was IRR Mil. Azar Refractories Co's average shareholder tangible equity for the quarter that ended in . 20 was IRR Mil. Therefore, Azar Refractories Co's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 was %.

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

XTEH:NSAZ1's Return-on-Tangible-Equity is not ranked ^*
in the Building Materials industry.
Industry Median: 7.26
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Azar Refractories Co Return-on-Tangible-Equity Historical Data

The historical data trend for Azar Refractories 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.

Azar Refractories Co Return-on-Tangible-Equity Chart

Azar Refractories Co Annual Data

Trend

Return-on-Tangible-Equity

Azar Refractories Co Semi-Annual Data

Return-on-Tangible-Equity

Competitive Comparison of Azar Refractories Co's Return-on-Tangible-Equity

For the Building Materials subindustry, Azar Refractories 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.

Azar Refractories Co's Return-on-Tangible-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Azar Refractories Co's Return-on-Tangible-Equity distribution charts can be found below:

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

Azar Refractories Co Return-on-Tangible-Equity Calculation

Azar Refractories Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in . 20 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

Azar Refractories Co's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

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

Azar Refractories Co (XTEH:NSAZ1) 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.

Azar Refractories Co Return-on-Tangible-Equity Related Terms

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Azar Refractories Co (XTEH:NSAZ1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Azar Refractories Co (XTEH:NSAZ1) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Next to the Esfahan Steel Co, Esfahan, IRN

Website

http://www.azarref.ir

Azar Refractories Co is the largest producer of refractory materials in Iran and the only producer of dolomite products in Iran. The company supplies most of the needs of steel, cement, aluminum, petrochemicals, power plants, refineries, copper, etc. industries.

Azar Refractories Co (XTEH:NSAZ1) Headlines

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