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Abhishek Integrations (NSE:AILIMITED) Return-on-Tangible-Equity : 11.08% (As of Mar. 2024)


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What is Abhishek Integrations 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. Abhishek Integrations's annualized net income for the quarter that ended in Mar. 2024 was ₹10.0 Mil. Abhishek Integrations's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹89.9 Mil. Therefore, Abhishek Integrations's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 11.08%.

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

NSE:AILIMITED' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.15   Med: 8.48   Max: 22
Current: 8.73

During the past 6 years, Abhishek Integrations's highest Return-on-Tangible-Equity was 22.00%. The lowest was 1.15%. And the median was 8.48%.

NSE:AILIMITED's Return-on-Tangible-Equity is ranked better than
52.71% of 1605 companies
in the Construction industry
Industry Median: 7.82 vs NSE:AILIMITED: 8.73

Abhishek Integrations Return-on-Tangible-Equity Historical Data

The historical data trend for Abhishek Integrations'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.

Abhishek Integrations Return-on-Tangible-Equity Chart

Abhishek Integrations Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Equity
Get a 7-Day Free Trial 22.00 7.94 9.47 8.27 8.69

Abhishek Integrations Semi-Annual Data
Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.70 8.41 8.13 6.30 11.08

Competitive Comparison of Abhishek Integrations's Return-on-Tangible-Equity

For the Infrastructure Operations subindustry, Abhishek Integrations'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.


Abhishek Integrations's Return-on-Tangible-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Abhishek Integrations's Return-on-Tangible-Equity distribution charts can be found below:

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



Abhishek Integrations Return-on-Tangible-Equity Calculation

Abhishek Integrations'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 )
=7.692/( (84.697+92.351 )/ 2 )
=7.692/88.524
=8.69 %

Abhishek Integrations's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2024 )  (Q: Sep. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Sep. 2023 )(Q: Mar. 2024 )
=9.96/( (87.37+92.351)/ 2 )
=9.96/89.8605
=11.08 %

* 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.


Abhishek Integrations  (NSE:AILIMITED) 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.


Abhishek Integrations Return-on-Tangible-Equity Related Terms

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Abhishek Integrations (NSE:AILIMITED) Business Description

Traded in Other Exchanges
N/A
Address
Gandhinagar Hwy, opp. Rajpath Rangoli Road, 801, Venus Benecia, Sarkhej, Bodakdev, Ahmedabad, GJ, IND, 380053
Abhishek Integrations Ltd is engaged in developing, operating, and maintenance of electrical and mechanical work and its installation at various airports in India. The firm has various ongoing projects of the airport authority of India located at Ahmedabad, Allahabad, Aurangabad, Bhopal, Gaya, Gondia, Indore, Jabalpur, Jaipur, Jaisalmer, Jamnagar, Madurai, Patna, Pune, Tezpur, and Vadodara among others.

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