Ballarpur Industries (BOM:500102) Return-on-Tangible-Asset : -41.09% (As of Mar. 2020)

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What is Ballarpur Industries Return-on-Tangible-Asset?

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. Ballarpur Industries's annualized Net Income for the quarter that ended in Mar. 2020 was ₹-42,211 Mil. Ballarpur Industries's average total tangible assets for the quarter that ended in Mar. 2020 was ₹102,727 Mil. Therefore, Ballarpur Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2020 was -41.09%.

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

BOM:500102's Return-on-Tangible-Asset is not ranked ^*
in the Forest Products industry.
Industry Median: 1.46
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Ballarpur Industries Return-on-Tangible-Asset Historical Data

The historical data trend for Ballarpur Industries'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.

Ballarpur Industries Return-on-Tangible-Asset Chart

Ballarpur Industries Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Return-on-Tangible-Asset

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-1.43

-11.22

-11.34

-8.29

-17.78

Ballarpur Industries Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Return-on-Tangible-Asset	Get a 7-Day Free Trial															-17.68	-3.56	-3.12	-23.15	-41.09

Competitive Comparison of Ballarpur Industries's Return-on-Tangible-Asset

For the Paper & Paper Products subindustry, Ballarpur Industries'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.

Ballarpur Industries's Return-on-Tangible-Asset Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Ballarpur Industries's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Ballarpur Industries's Return-on-Tangible-Asset falls into.

Ballarpur Industries Return-on-Tangible-Asset Calculation

Ballarpur Industries's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2020 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	-18898.9	/	( (109875.8	+	102726.8)	/ 2 )
	=	-18898.9	/	106301.3
	=	-17.78 %

Ballarpur Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2020 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Mar. 2020 )		(Q: Dec. 2019 )		(Q: Mar. 2020 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Mar. 2020 )		(Q: Dec. 2019 )		(Q: Mar. 2020 )
	=	-42211.2	/	( (0	+	102726.8)	/ 1 )
	=	-42211.2	/	102726.8
	=	-41.09 %

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 (Mar. 2020) net income data.

Ballarpur Industries (BOM:500102) 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 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.

Ballarpur Industries Return-on-Tangible-Asset Related Terms

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Ballarpur Industries (BOM:500102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Ballarpur Industries Ltd (BOM:500102) » Definitions » Return-on-Tangible-Asset

Traded in Other Exchanges

N/A

Address

Mehrauli Gurgaon Road, First India Place, Tower C, Gurgaon, HR, IND, 122 002

Website

http://www.bilt.com

Ballarpur Industries Ltd (BILT) is engaged in the business of manufacturing of writing and printing (W&P) paper, pulp and paper products. Its segment includes Uncoated Paper, Coated Paper and Others. The company's manufactured products are sold within India and as such, there is no reportable geographical segment.

Ballarpur Industries (BOM:500102) Headlines

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