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. Air Astana JSC's annualized net income for the quarter that ended in Mar. 2024 was $-46.4 Mil. Air Astana JSC's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $265.3 Mil. Therefore, Air Astana JSC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -17.48%.
The historical rank and industry rank for Air Astana JSC's Return-on-Tangible-Equity or its related term are showing as below:
LSE:AIRA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -560.43 Med: 56.32 Max: 92.01
Current: 13.2
During the past 4 years, Air Astana JSC's highest Return-on-Tangible-Equity was 92.01%. The lowest was -560.43%. And the median was 56.32%.
LSE:AIRA's Return-on-Tangible-Equity is ranked better than 62.65% of 929
companies
in the Transportation industry
Industry Median: 9.65
vs LSE:AIRA: 13.20
Air Astana JSC Return-on-Tangible-Equity Historical Data
The historical data trend for Air Astana JSC'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.
Competitive Comparison of Air Astana JSC's Return-on-Tangible-Equity
For the Airlines subindustry, Air Astana JSC'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.
Air Astana JSC's Return-on-Tangible-Equity Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Air Astana JSC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Air Astana JSC's Return-on-Tangible-Equity falls into.
Air Astana JSC Return-on-Tangible-Equity Calculation
Air Astana JSC's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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 four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Air Astana JSC (LSE:AIRA) 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.
Air Astana JSC Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Air Astana JSC's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Air Astana JSC is an airline company. It provides scheduled, point-to-point and transit, short-haul and long-haul air travel and cargo on domestic, intra-regional, and international routes across Central Asia, the Caucasus, Europe (including Turkey), the Middle East and Asia (including India and China) and has a fleet of 47 aircraft. The company group has two operating segments, Air Astana and FlyArystan. Air Astana's activities consist of mainly domestic and international passenger and cargo air transportation as a full-service brand. Fly Arystan activities consist of mainly domestic and international passenger and cargo air transportation as a low-cost brand. Maximum revenue is generated from the Air Astana segment.
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