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. Sun TV Network's annualized net income for the quarter that ended in Dec. 2023 was ₹18,154 Mil. Sun TV Network's average shareholder tangible equity for the quarter that ended in Dec. 2023 was ₹92,123 Mil. Therefore, Sun TV Network's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 19.71%.
The historical rank and industry rank for Sun TV Network's Return-on-Tangible-Equity or its related term are showing as below:
BOM:532733'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 21.51 Med: 28.9 Max: 31.3
Current: 21.95
During the past 13 years, Sun TV Network's highest Return-on-Tangible-Equity was 31.30%. The lowest was 21.51%. And the median was 28.90%.
BOM:532733's Return-on-Tangible-Equity is ranked better than 74.97% of 903
companies
in the Media - Diversified industry
Industry Median: 5.45
vs BOM:532733: 21.95
Sun TV Network Return-on-Tangible-Equity Historical Data
The historical data trend for Sun TV Network'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 Sun TV Network's Return-on-Tangible-Equity
For the Broadcasting subindustry, Sun TV Network'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.
Sun TV Network's Return-on-Tangible-Equity Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Sun TV Network's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sun TV Network's Return-on-Tangible-Equity falls into.
Sun TV Network Return-on-Tangible-Equity Calculation
Sun TV Network'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.
Sun TV Network (BOM:532733) 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.
Sun TV Network Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Sun TV Network's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Sun TV Network Ltd is a media and entertainment company. The group owns and operates a series of television networks across four languages in the news, music, action, life, movies, kids, and comedy genres. It also airs FM stations in several Indian languages. Its business activities are reported under a single segment being Broadcasting. The company generates revenues from advertising, broadcasting fees, International subscriptions, other subscriptions, movie distribution, and content trading. Geographically, the group is focused on the Indian market with few operations outside India.
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