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Marble City India (BOM:531281) Return-on-Tangible-Asset : -2.50% (As of Dec. 2023)


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What is Marble City India 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. Marble City India's annualized Net Income for the quarter that ended in Dec. 2023 was ₹-33.0 Mil. Marble City India's average total tangible assets for the quarter that ended in Dec. 2023 was ₹1,319.4 Mil. Therefore, Marble City India's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -2.50%.

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

BOM:531281' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.41   Med: 0.82   Max: 1.46
Current: -0.41

During the past 13 years, Marble City India's highest Return-on-Tangible-Asset was 1.46%. The lowest was -0.41%. And the median was 0.82%.

BOM:531281's Return-on-Tangible-Asset is ranked worse than
75.58% of 1667 companies
in the Construction industry
Industry Median: 2.75 vs BOM:531281: -0.41

Marble City India Return-on-Tangible-Asset Historical Data

The historical data trend for Marble City India'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.

Marble City India Return-on-Tangible-Asset Chart

Marble City India 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 1.02 0.66 -0.04 0.56 0.72

Marble City India 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 1.09 0.44 0.64 0.14 -2.50

Competitive Comparison of Marble City India's Return-on-Tangible-Asset

For the Building Products & Equipment subindustry, Marble City India'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.


Marble City India's Return-on-Tangible-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Marble City India's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Marble City India's Return-on-Tangible-Asset falls into.



Marble City India Return-on-Tangible-Asset Calculation

Marble City India'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 )
=7.707/( (1030.192+1112.529)/ 2 )
=7.707/1071.3605
=0.72 %

Marble City India'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 )
=-33.04/( (1319.429+0)/ 1 )
=-33.04/1319.429
=-2.50 %

* 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.


Marble City India  (BOM:531281) 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.


Marble City India Return-on-Tangible-Asset Related Terms

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Marble City India (BOM:531281) Business Description

Traded in Other Exchanges
N/A
Address
Kailash Colony, A -30, S-11, Second Floor, New Delhi, IND, 110048
Marble City India Ltd is an India-based company mainly engaged in the business activity of manufacturing and trading of marbles and slabs. It is involved in cutting, finishing, and trading imported marbles. The group majorly markets its products in India. The company supplies its products for projects such as hotels, shopping malls, premium residential complexes, clubs, motels, factories, corporate headquarters, offices, and others.

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