GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ludlow Jute & Specialities Ltd (BOM:526179) » Definitions » Return-on-Tangible-Asset

Ludlow Jute & Specialities (BOM:526179) Return-on-Tangible-Asset : -2.90% (As of Dec. 2023)


View and export this data going back to 2001. Start your Free Trial

What is Ludlow Jute & Specialities 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. Ludlow Jute & Specialities's annualized Net Income for the quarter that ended in Dec. 2023 was ₹-100 Mil. Ludlow Jute & Specialities's average total tangible assets for the quarter that ended in Dec. 2023 was ₹3,461 Mil. Therefore, Ludlow Jute & Specialities's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -2.90%.

The historical rank and industry rank for Ludlow Jute & Specialities's Return-on-Tangible-Asset or its related term are showing as below:

BOM:526179' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.98   Med: 1.17   Max: 3.47
Current: -2.19

During the past 13 years, Ludlow Jute & Specialities's highest Return-on-Tangible-Asset was 3.47%. The lowest was -3.98%. And the median was 1.17%.

BOM:526179's Return-on-Tangible-Asset is ranked worse than
76.8% of 1082 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.03 vs BOM:526179: -2.19

Ludlow Jute & Specialities Return-on-Tangible-Asset Historical Data

The historical data trend for Ludlow Jute & Specialities'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.

Ludlow Jute & Specialities Return-on-Tangible-Asset Chart

Ludlow Jute & Specialities Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 1.61 0.01 3.47 0.38

Ludlow Jute & Specialities Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.28 -0.54 -2.39 -2.79 -2.90

Competitive Comparison of Ludlow Jute & Specialities's Return-on-Tangible-Asset

For the Textile Manufacturing subindustry, Ludlow Jute & Specialities'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.


Ludlow Jute & Specialities's Return-on-Tangible-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ludlow Jute & Specialities's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Ludlow Jute & Specialities's Return-on-Tangible-Asset falls into.



Ludlow Jute & Specialities Return-on-Tangible-Asset Calculation

Ludlow Jute & Specialities's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=13.409/( (3314.742+3672.219)/ 2 )
=13.409/3493.4805
=0.38 %

Ludlow Jute & Specialities's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=-100.4/( (3461.3+0)/ 1 )
=-100.4/3461.3
=-2.90 %

* 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 (Dec. 2023) net income data.


Ludlow Jute & Specialities  (BOM:526179) 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 company’s 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 company’s 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.


Ludlow Jute & Specialities Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Ludlow Jute & Specialities's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Ludlow Jute & Specialities (BOM:526179) Business Description

Traded in Other Exchanges
N/A
Address
23C, Ashutosh Chowdhury Avenue, KCI Plaza, 4th Floor, Kolkata, WB, IND, 700 019
Ludlow Jute & Specialities Ltd is an India-based company, which offers jute goods. The company operates in the segment of manufacturing and sale of Jute Goods. It offers products such as Jute yarn, Hessian cloth, and Food grade bags; Jute geotextiles, such as Soil saver (Jute mesh), woven and nonwoven, and diversified products, such as Jute felt/nonwoven, Jute canvas, Leno/scrim cloth, and Decorative hessian fabric. The company primarily operates in India. It also offers its products in the Overseas market.

Ludlow Jute & Specialities (BOM:526179) Headlines

No Headlines