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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. Sturdy Industries's annualizedNet Income for the quarter that ended in Jun. 2024 was ₹-9.60 Mil. Sturdy Industries's average total tangible assets for the quarter that ended in Jun. 2024 was ₹1,081.10 Mil. Therefore, Sturdy Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was -0.89%.
The historical rank and industry rank for Sturdy Industries's Return-on-Tangible-Asset or its related term are showing as below:
BOM:530611's Return-on-Tangible-Asset is not ranked *
in the Metals & Mining industry.
Industry Median: -16.78 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
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.
Sturdy Industries Return-on-Tangible-Asset Related Terms
Sturdy Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Sturdy 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.
BOM:530611 vs AA: Return-on-Tangible-Asset Comparison
For the Aluminum subindustry, Sturdy 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.
Sturdy Industries Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sturdy Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Sturdy Industries'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 (Jun. 2024) net income data.
What does a Return-on-Tangible-Asset of -0.89% mean?
Sturdy Industries (BOM:530611) has a Return-on-Tangible-Asset of -0.89% as of Jun. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Sturdy Industries and its competitors.
Is Sturdy Industries' Return-on-Tangible-Asset too high?
Sturdy Industries' current Return-on-Tangible-Asset is -0.89%. Overall, Sturdy Industries has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Sturdy Industries' Return-on-Tangible-Asset compare to AA?
Sturdy Industries' Return-on-Tangible-Asset of -0.89% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Sturdy Industries and its competitors. Sturdy Industries's current Return-on-Tangible-Asset is -0.89%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sturdy Industries stock overvalued right now?
Sturdy Industries (BOM:530611) has a current Return-on-Tangible-Asset of -0.89%. The current Return-on-Tangible-Asset is -0.89%. Sturdy Industries' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Sturdy Industries (BOM:530611), the current Return-on-Tangible-Asset is -0.89% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Sturdy Industries Ltd is an India based company engaged in the manufacture and trade of aluminum panels and pipe fittings. The company's operating segment includes Plastic Pipes and Fitting; Aluminum; and Trading. It generates maximum revenue from the Aluminum segment. The company's product categories include Aluminium Panel; Sprinkler Irrigation; Drip Irrigation; Wire Rods; Bare Aluminium Electrical Conductors; and Aerial Bunched Cables.
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