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. Hindustan Zinc's annualizedNet Income for the quarter that ended in Mar. 2024 was ₹81,520 Mil. Hindustan Zinc's average total tangible assets for the quarter that ended in Mar. 2024 was ₹337,150 Mil. Therefore, Hindustan Zinc's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 24.18%.
The historical rank and industry rank for Hindustan Zinc's Return-on-Tangible-Asset or its related term are showing as below:
BOM:500188'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 15.25 Med: 18.57 Max: 26.27
Current: 22.3
During the past 13 years, Hindustan Zinc's highest Return-on-Tangible-Asset was 26.27%. The lowest was 15.25%. And the median was 18.57%.
BOM:500188's Return-on-Tangible-Asset is ranked better than 97.96% of 2698
companies
in the Metals & Mining industry
Industry Median: -15.21
vs BOM:500188: 22.30
Hindustan Zinc Return-on-Tangible-Asset Historical Data
The historical data trend for Hindustan Zinc'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.
Competitive Comparison of Hindustan Zinc's Return-on-Tangible-Asset
For the Other Industrial Metals & Mining subindustry, Hindustan Zinc'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.
Hindustan Zinc's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hindustan Zinc's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hindustan Zinc's Return-on-Tangible-Asset falls into.
* 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 four times the quarterly (Mar. 2024) net income data.
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.
Hindustan Zinc Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Hindustan Zinc's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Hindustan Zinc Ltd is engaged in exploring, extracting, processing minerals, and manufacturing metals. The company is focused on mining and smelting zinc, Lead, and silver and also power generation through captive power plants and wind power plants. The company produces products under the brand name HZL and Vedanta. The segments of the company include Zinc, Lead, Silver, and others; and Wind energy. The company generates the majority of its revenues through Zinc, Lead, silver, and other segments. The company has a business presence in India, Asia, and the Rest of the World of which India derives a majority of the revenue.
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