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Janus (BOM:542924) Return-on-Tangible-Asset

: 0.97% (As of Sep. 2022)
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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. Janus's annualized Net Income for the quarter that ended in Sep. 2022 was ₹1.6 Mil. Janus's average total tangible assets for the quarter that ended in Sep. 2022 was ₹169.9 Mil. Therefore, Janus's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2022 was 0.97%.

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

BOM:542924' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.94   Med: 4.67   Max: 7.5
Current: 1.03

During the past 6 years, Janus's highest Return-on-Tangible-Asset was 7.50%. The lowest was 0.94%. And the median was 4.67%.

BOM:542924's Return-on-Tangible-Asset is ranked worse than
68.36% of 373 companies
in the Building Materials industry
Industry Median: 3.26 vs BOM:542924: 1.03

Janus Return-on-Tangible-Asset Historical Data

The historical data trend for Janus'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.

Janus Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Return-on-Tangible-Asset
Premium Member Only 3.23 6.10 7.50 0.94 1.33

Janus Semi-Annual Data
Mar17 Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.06 0.76 1.59 1.06 0.97

Competitive Comparison

For the Building Materials subindustry, Janus'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.

   

Janus Return-on-Tangible-Asset Distribution

For the Building Materials industry and Basic Materials sector, Janus's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Janus'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.



Janus Return-on-Tangible-Asset Calculation

Janus's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2022 )  (A: Mar. 2021 )(A: Mar. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2022 )  (A: Mar. 2021 )(A: Mar. 2022 )
=2.284/( (164.518+179.851)/ 2 )
=2.284/172.1845
=1.33 %

Janus's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2022 )  (Q: Mar. 2022 )(Q: Sep. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2022 )  (Q: Mar. 2022 )(Q: Sep. 2022 )
=1.64/( (179.851+160.034)/ 2 )
=1.64/169.9425
=0.97 %

* 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 two times the semi-annual (Sep. 2022) net income data.


Janus  (BOM:542924) Return-on-Tangible-Asset Explanation

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 company’s 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 company’s 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.


Janus Return-on-Tangible-Asset Related Terms

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


Janus (BOM:542924) Business Description

Janus logo
Traded in Other Exchanges
N/A
Address
M Sunderji Road, B-704, Prakriti Apartments, K K W Mill Compound, Thane (West), Thane, MH, IND, 400053
Janus Corp Ltd is engaged in the provision of civil construction, land and site development, landfilling, fencing walls, erection of hoardings, and in the trading of various construction related materials such as cement, iron & steel, sand, soil, aluminum. It is also engaged in Media and Consulting, hospitality support services, and trading of agro products.

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