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. Polycab India's annualized net income for the quarter that ended in Mar. 2024 was ₹21,840 Mil. Polycab India's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹81,665 Mil. Therefore, Polycab India's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 26.74%.
The historical rank and industry rank for Polycab India's Return-on-Tangible-Equity or its related term are showing as below:
BOM:542652'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.4 Med: 19.26 Max: 24.9
Current: 24.9
During the past 9 years, Polycab India's highest Return-on-Tangible-Equity was 24.90%. The lowest was 10.40%. And the median was 19.26%.
BOM:542652's Return-on-Tangible-Equity is ranked better than 87.99% of 2905
companies
in the Industrial Products industry
Industry Median: 7.53
vs BOM:542652: 24.90
Polycab India Return-on-Tangible-Equity Historical Data
The historical data trend for Polycab India'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 Polycab India's Return-on-Tangible-Equity
For the Electrical Equipment & Parts subindustry, Polycab India'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.
Polycab India's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polycab India's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Polycab India's Return-on-Tangible-Equity falls into.
Polycab India Return-on-Tangible-Equity Calculation
Polycab India's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 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.
Polycab India (BOM:542652) 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.
Polycab India Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Polycab India's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Polycab India Ltd is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods under the POLYCAB brand. The business activities are carried out through Wires and cables, Fast moving electrical goods (FMEG), and Others segment. It generates maximum revenue from the Wires and cables segment. Geographically, it derives a majority of revenue from India. Some of its products include Power cables, Control Cables, Instrumentation Cables, Optical Fibre Cables (OFC), Solar Cables, Building Cables, Flexible Wires, and others.
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