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Shalby (BOM:540797) Return-on-Tangible-Equity : 7.18% (As of Jun. 2024)


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What is Shalby 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. Shalby's annualized net income for the quarter that ended in Jun. 2024 was ₹664 Mil. Shalby's average shareholder tangible equity for the quarter that ended in Jun. 2024 was ₹9,253 Mil. Therefore, Shalby's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was 7.18%.

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

BOM:540797' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.55   Med: 7.83   Max: 20.27
Current: 8.64

During the past 12 years, Shalby's highest Return-on-Tangible-Equity was 20.27%. The lowest was 3.55%. And the median was 7.83%.

BOM:540797's Return-on-Tangible-Equity is ranked worse than
52.87% of 558 companies
in the Healthcare Providers & Services industry
Industry Median: 10.3 vs BOM:540797: 8.64

Shalby Return-on-Tangible-Equity Historical Data

The historical data trend for Shalby'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.

Shalby Return-on-Tangible-Equity Chart

Shalby Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.55 5.29 6.47 7.69 9.18

Shalby Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.19 11.72 8.10 7.18 7.18

Competitive Comparison of Shalby's Return-on-Tangible-Equity

For the Medical Care Facilities subindustry, Shalby'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.


Shalby's Return-on-Tangible-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Shalby's Return-on-Tangible-Equity distribution charts can be found below:

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



Shalby Return-on-Tangible-Equity Calculation

Shalby's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=840.77/( (9061.59+9253.18 )/ 2 )
=840.77/9157.385
=9.18 %

Shalby's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=664/( (9253.18+0)/ 1 )
=664/9253.18
=7.18 %

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


Shalby  (BOM:540797) 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.


Shalby Return-on-Tangible-Equity Related Terms

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


Shalby Business Description

Traded in Other Exchanges
Address
Opposite Karnavati Club, S. G. Highway, B-301 & 302, Mondeal Heights, Ahmedabad, GJ, IND, 380 015
Shalby Ltd operates a chain of multispecialty hospitals. It is engaged in setting up and managing hospitals and medical diagnostic services. The hospitals offer healthcare services to patients in various areas of specialization such as Cardiology, Emergency Medicine, Gastroenterol Surgery, Arthroscopy Sports Injury, Infectious Diseases, Oncology, and others. The activities are mainly conducted only in India. Revenue mainly comprises fees charged for inpatient and outpatient hospital services. Services include charges for accommodation, medical professional services, equipment, radiology, laboratory, and pharmaceutical goods used in treatments given to Patients.

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