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. Man Industries (India)'s annualized net income for the quarter that ended in Dec. 2023 was ₹1,224 Mil. Man Industries (India)'s average shareholder tangible equity for the quarter that ended in Dec. 2023 was ₹11,098 Mil. Therefore, Man Industries (India)'s annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 11.03%.
The historical rank and industry rank for Man Industries (India)'s Return-on-Tangible-Equity or its related term are showing as below:
BOM:513269'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.4 Med: 8.72 Max: 16.37
Current: 10.49
During the past 13 years, Man Industries (India)'s highest Return-on-Tangible-Equity was 16.37%. The lowest was 1.40%. And the median was 8.72%.
BOM:513269's Return-on-Tangible-Equity is ranked better than 63.56% of 612
companies
in the Steel industry
Industry Median: 6.745
vs BOM:513269: 10.49
Man Industries (India) Return-on-Tangible-Equity Historical Data
The historical data trend for Man Industries (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.
For the Steel subindustry, Man Industries (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.
Man Industries (India) Return-on-Tangible-Equity Distribution
For the Steel industry and Basic Materials sector, Man Industries (India)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Man Industries (India)'s Return-on-Tangible-Equity falls into.
Man Industries (India) Return-on-Tangible-Equity Calculation
Man Industries (India)'s annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Man Industries (India) (BOM:513269) 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.
Man Industries (India) Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Man Industries (India)'s Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Man Industries (India) (BOM:513269) Business Description
Man Industries (India) Ltd is the manufacturer and exporter of large diameter carbon steel submerged arc welded pipes in India. It offers the product which includes longitudinal submerged arc welded (LSAW) pipes, spiral or helical submerged arc welded pipes, casting pipes with end connectors at both ends and all types of anti-corrosion coatings. In addition, it also caters to its international clients in the oil and gas industry, petrochemicals, water, dredging, fertilizers and part of infrastructure projects.
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