The historical rank and industry rank for Mahindra Lifespace Developers's Return-on-Tangible-Asset or its related term are showing as below:
BOM:532313'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.16 Med: 3.44 Max: 9.14
Current: 2.39
During the past 13 years, Mahindra Lifespace Developers's highest Return-on-Tangible-Asset was 9.14%. The lowest was -7.16%. And the median was 3.44%.
BOM:532313's Return-on-Tangible-Asset is ranked better than 62.3% of 1830
companies
in the Real Estate industry
Industry Median: 1.155
vs BOM:532313: 2.39
Mahindra Lifespace Developers Return-on-Tangible-Asset Historical Data
* 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 Mahindra Lifespace Developers's Return-on-Tangible-Asset
For the Real Estate - Development subindustry, Mahindra Lifespace Developers'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.
Mahindra Lifespace Developers's Return-on-Tangible-Asset Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Mahindra Lifespace Developers's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mahindra Lifespace Developers'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.
Mahindra Lifespace Developers Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Mahindra Lifespace Developers's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Mahindra Lifespace Developers (BOM:532313) Business Description
Mahindra Lifespace Developers Ltd is an India-based real estate development company. The firm, along with its subsidiary companies, is engaged in the development of residential projects and integrated large-format development. Its residential offering comprises mid-premium segment housing as well as affordable housing. It operates in two business segments including Operating of Commercial complexes and Projects, project management, and development segment. Operating of commercial complexes includes rental income from commercial properties. A project, project management, and development segment include income from the sale of residential units.
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