Northlink Fiscal and Capital Services (BOM:539110) Return-on-Tangible-Equity

: 0.48% (As of Mar. 2023)

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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. Northlink Fiscal and Capital Services's annualized net income for the quarter that ended in Mar. 2023 was ₹0.29 Mil. Northlink Fiscal and Capital Services's average shareholder tangible equity for the quarter that ended in Mar. 2023 was ₹60.09 Mil. Therefore, Northlink Fiscal and Capital Services's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2023 was 0.48%.

The historical rank and industry rank for Northlink Fiscal and Capital Services's Return-on-Tangible-Equity or its related term are showing as below:

BOM:539110' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.69 Med: 1.13 Max: 3.45
Current: 0.97

During the past 9 years, Northlink Fiscal and Capital Services's highest Return-on-Tangible-Equity was 3.45%. The lowest was -0.69%. And the median was 1.13%.

BOM:539110's Return-on-Tangible-Equity is ranked worse than
74.45% of 364 companies
in the Building Materials industry
Industry Median: 6.70 vs BOM:539110: 0.97

Northlink Fiscal and Capital Services Return-on-Tangible-Equity Historical Data

The historical data trend for Northlink Fiscal and Capital Services'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.

Northlink Fiscal and Capital Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Return-on-Tangible-Equity

-0.69

3.45

3.04

0.29

0.97

Northlink Fiscal and Capital Services Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Return-on-Tangible-Equity																0.03	0.13	1.24	2.04	0.48

Competitive Comparison

For the Building Materials subindustry, Northlink Fiscal and Capital Services'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.

Annual Data Quarterly Data

Northlink Fiscal and Capital Services Return-on-Tangible-Equity Distribution

For the Building Materials industry and Basic Materials sector, Northlink Fiscal and Capital Services's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Northlink Fiscal and Capital Services's Return-on-Tangible-Equity falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Equity's extreme value range as defined by GuruFocus.

Northlink Fiscal and Capital Services Return-on-Tangible-Equity Calculation

Northlink Fiscal and Capital Services's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	0.583	/	( (59.754	+	60.09 )	/ 2 )
	=	0.583	/	59.922
	=	0.97 %

Northlink Fiscal and Capital Services's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	0.288	/	( (0	+	60.09)	/ 1 )
	=	0.288	/	60.09
	=	0.48 %

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 (Mar. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Northlink Fiscal and Capital Services (BOM:539110) 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.

Northlink Fiscal and Capital Services Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Northlink Fiscal and Capital Services's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Northlink Fiscal and Capital Services (BOM:539110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Northlink Fiscal and Capital Services Ltd (BOM:539110) » Definitions » Return-on-Tangible-Equity

Traded in Other Exchanges

N/A

Address

86, Mall Road, Civil Lines, Ludhiana, PB, IND, 141001

Website

http://www.northlink.co.in

Northlink Fiscal and Capital Services Ltd is a Non-Banking Financial Company and is engaged in lending loans. The company operates in a single segment engaged in business of financing.

Northlink Fiscal and Capital Services (BOM:539110) Headlines

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