Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Tijaria Polypipes's annualizedNet Income for the quarter that ended in Dec. 2022 was ₹-44.4 Mil. Tijaria Polypipes's average total tangible assets for the quarter that ended in Dec. 2022 was ₹651.5 Mil. Therefore, Tijaria Polypipes's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2022 was -6.81%.
The historical rank and industry rank for Tijaria Polypipes's Return-on-Tangible-Asset or its related term are showing as below:
BOM:533629'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -26.38 Med: -8.69 Max: 5.56
Current: -21.66
During the past 13 years, Tijaria Polypipes's highest Return-on-Tangible-Asset was 5.56%. The lowest was -26.38%. And the median was -8.69%.
BOM:533629's Return-on-Tangible-Asset is ranked worse than 95.08% of 1607
companies
in the Construction industry
Industry Median: 2.58
vs BOM:533629: -21.66
Tijaria Polypipes Return-on-Tangible-Asset Historical Data
The historical data trend for Tijaria Polypipes's Return-on-Tangible-Asset 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.
Tijaria Polypipes Annual Data
Trend
Mar13
Mar14
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Return-on-Tangible-Asset
-21.51
5.56
-2.39
-14.55
-26.38
Tijaria Polypipes Quarterly Data
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Return-on-Tangible-Asset
-22.09
-44.42
-26.62
-7.24
-6.81
Competitive Comparison
For the Building Products & Equipment subindustry, Tijaria Polypipes's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Tijaria Polypipes Return-on-Tangible-Asset Distribution
For the Construction industry and Industrials sector, Tijaria Polypipes's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tijaria Polypipes's Return-on-Tangible-Asset falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Asset's extreme value range as defined by GuruFocus.
* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Dec. 2022) net income data.
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Tijaria Polypipes Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Tijaria Polypipes's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Tijaria Polypipes (BOM:533629) Business Description
Tijaria Polypipes Ltd manufactures HDPE Pipes, PLB HDPE Duct, MDPE Pipes, DWC HDPE Pipes, uPVC Pipes, PVC-U Pipes and Mink Blankets, partially oriented yarn and draw textured yarn, surgical mask, N-95 Mask under the registered brand name of Tijaria and Vikas. The company operates in two segments Pipes and Textiles. The company produces product range in the field of plastics, HDPE Pipes for Electrical, Water & Sewerage, PVC-U & DWC HDPE Pipes for Sewerage, uPVC Pipes for Water, PLB HDPE Duct for telecommunications, HDPE Sprinkler Irrigation System, MDPE Pipes for Water Supply etc.
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