The historical rank and industry rank for PT Equity Development Investment Tbk's Return-on-Tangible-Asset or its related term are showing as below:
ISX:GSMF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.04 Med: 1.03 Max: 2.13
Current: -0.54
During the past 13 years, PT Equity Development Investment Tbk's highest Return-on-Tangible-Asset was 2.13%. The lowest was -1.04%. And the median was 1.03%.
ISX:GSMF's Return-on-Tangible-Asset is ranked worse than 89.47% of 494
companies
in the Insurance industry
Industry Median: 2.19
vs ISX:GSMF: -0.54
PT Equity Development Investment Tbk Return-on-Tangible-Asset 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.
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PT Equity Development Investment Tbk Return-on-Tangible-Asset Chart
Competitive Comparison of PT Equity Development Investment Tbk's Return-on-Tangible-Asset
For the Insurance - Diversified subindustry, PT Equity Development Investment Tbk's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
PT Equity Development Investment Tbk's Return-on-Tangible-Asset Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, PT Equity Development Investment Tbk's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PT Equity Development Investment Tbk's Return-on-Tangible-Asset falls into.
PT Equity Development Investment Tbk Return-on-Tangible-Asset Calculation
* 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-Asset, the net income of the last fiscal year and the average total tangible assets 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.
PT Equity Development Investment Tbk (ISX:GSMF) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
PT Equity Development Investment Tbk Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of PT Equity Development Investment Tbk's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
PT Equity Development Investment Tbk (ISX:GSMF) Business Description
PT Equity Development Investment Tbk is an Indonesia-based investment holding company engaged in the insurance business through its subsidiaries. It is also engaged in providing leasing, consumer financing, and factoring services. The company and its subsidiaries have categorized their business activity into four segments by the nature of the business which include Insurance, Financing, Securities & Stock Administration, Equity Participation, Travel Services, & Venture Capital, out of which the majority of the revenue is generated from the Insurance segment. The company's geographical segments include Java Island and Outside Java Island.
PT Equity Development Investment Tbk (ISX:GSMF) Headlines
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