What is Aeroflex Industries 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. Aeroflex Industries's annualized net income for the quarter that ended in Mar. 2024 was ₹381 Mil. Aeroflex Industries's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹2,830 Mil. Therefore, Aeroflex Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 13.48%.
The historical rank and industry rank for Aeroflex Industries's Return-on-Tangible-Equity or its related term are showing as below:
NSE:AEROFLEX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.93 Med: 20.57 Max: 38.23
Current: 18.43
During the past 5 years, Aeroflex Industries's highest Return-on-Tangible-Equity was 38.23%. The lowest was 8.93%. And the median was 20.57%.
NSE:AEROFLEX's Return-on-Tangible-Equity is ranked better than 81.92% of 2903
companies
in the Industrial Products industry
Industry Median: 7.52
vs NSE:AEROFLEX: 18.43
Aeroflex Industries Return-on-Tangible-Equity Historical Data
The historical data trend for Aeroflex Industries'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 Aeroflex Industries's Return-on-Tangible-Equity
For the Metal Fabrication subindustry, Aeroflex Industries'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.
Aeroflex Industries's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Aeroflex Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aeroflex Industries's Return-on-Tangible-Equity falls into.
* 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 two times the semi-annual (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Aeroflex Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Aeroflex Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Aeroflex Industries (NSE:AEROFLEX) Business Description
Aeroflex Industries Ltd is a manufacturer and supplier of environment-friendly metallic flexible flow solution products catering to global as well as domestic markets. It supply products to a wide spectrum of industries for the controlled flow of all forms of substances including air, liquid, and solid, Solution products are required in fire sprinklers, gas supply, the flow of air (conditioned/controlled) in aircraft, fueling and hydraulics in aircraft. The company exports its products to more than 80 countries including Europe, the USA and others.
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