Magazin Universal Maramures Baia Mare (BSE:MAMA) Return-on-Tangible-Asset : 0.00% (As of . 20)

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What is Magazin Universal Maramures Baia Mare Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Magazin Universal Maramures Baia Mare's annualized Net Income for the quarter that ended in . 20 was lei Mil. Magazin Universal Maramures Baia Mare's average total tangible assets for the quarter that ended in . 20 was lei Mil. Therefore, Magazin Universal Maramures Baia Mare's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 was 0.00%.

The historical rank and industry rank for Magazin Universal Maramures Baia Mare's Return-on-Tangible-Asset or its related term are showing as below:

BSE:MAMA's Return-on-Tangible-Asset is not ranked ^*
in the REITs industry.
Industry Median: 2.34
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Magazin Universal Maramures Baia Mare Return-on-Tangible-Asset Historical Data

The historical data trend for Magazin Universal Maramures Baia Mare's Return-on-Tangible-Asset 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.

Magazin Universal Maramures Baia Mare Return-on-Tangible-Asset Chart

Magazin Universal Maramures Baia Mare Annual Data

Trend

Return-on-Tangible-Asset

Magazin Universal Maramures Baia Mare Quarterly Data

Return-on-Tangible-Asset

Competitive Comparison of Magazin Universal Maramures Baia Mare's Return-on-Tangible-Asset

For the REIT - Retail subindustry, Magazin Universal Maramures Baia Mare'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.

Magazin Universal Maramures Baia Mare's Return-on-Tangible-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Magazin Universal Maramures Baia Mare's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Magazin Universal Maramures Baia Mare's Return-on-Tangible-Asset falls into.

Magazin Universal Maramures Baia Mare Return-on-Tangible-Asset Calculation

Magazin Universal Maramures Baia Mare's annualized Return-on-Tangible-Asset for the fiscal year that ended in . 20 is calculated as:

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

Magazin Universal Maramures Baia Mare's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 is calculated as:

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

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 (. 20) net income data.

Magazin Universal Maramures Baia Mare (BSE:MAMA) 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.

Magazin Universal Maramures Baia Mare Return-on-Tangible-Asset Related Terms

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