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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. Rainbow Denim's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹273 Mil. Rainbow Denim's average total tangible assets for the quarter that ended in Jun. 2026 was ₹284 Mil. Therefore, Rainbow Denim's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 96.11%.
The historical rank and industry rank for Rainbow Denim's Return-on-Tangible-Asset or its related term are showing as below:
BOM:532441'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -37.27 Med: -7.6 Max: 24.25
Current: 16.19
During the past 13 years, Rainbow Denim's highest Return-on-Tangible-Asset was 24.25%. The lowest was -37.27%. And the median was -7.60%.
BOM:532441's Return-on-Tangible-Asset is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 2.405
vs BOM:532441: 16.19
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.
Rainbow Denim Return-on-Tangible-Asset Related Terms
Rainbow Denim Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Rainbow Denim'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:532441 vs AIN: Return-on-Tangible-Asset Comparison
For the Textile Manufacturing subindustry, Rainbow Denim'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.
Rainbow Denim Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Rainbow Denim's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Rainbow Denim'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. 2026) net income data.
What does a Return-on-Tangible-Asset of 96.11% mean?
Rainbow Denim (BOM:532441) has a Return-on-Tangible-Asset of 96.11% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Rainbow Denim and its competitors.
Is Rainbow Denim's Return-on-Tangible-Asset too high?
Rainbow Denim's current Return-on-Tangible-Asset is 96.11%. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.41. Rainbow Denim's value of 96.11% is 3896.3% above this industry median. Overall, Rainbow Denim has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Rainbow Denim's Return-on-Tangible-Asset compare to AIN?
Rainbow Denim's Return-on-Tangible-Asset of 96.11% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Return-on-Tangible-Asset is 2.41. Rainbow Denim's value of 96.11% is 3896.3% above this benchmark. 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.41, based on 1,068 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Rainbow Denim's current Return-on-Tangible-Asset of 96.11% is 3896.3% above the industry median. 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 Rainbow Denim and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rainbow Denim's current Return-on-Tangible-Asset is 96.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rainbow Denim stock overvalued right now?
Rainbow Denim (BOM:532441) has a current Return-on-Tangible-Asset of 96.11%. The current Return-on-Tangible-Asset is 96.11% and 3896.3% above the Manufacturing - Apparel & Accessories industry median of 2.41. Rainbow Denim's overall GF Score™ is 4/100 with 6 warning signs to review. 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 Rainbow Denim (BOM:532441), the current Return-on-Tangible-Asset is 96.11% as of Jun. 2026. 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.
Rainbow Denim Ltd is an Indian firm operating in the textile industry. It is principally engaged in the single segment of manufacturing and distribution of denim fabric. Its product range consists of crosshatch denim, slubby denim, structured (dobby) denim, polyester filament weft denim, multi-count denim fabrics, doubled yarn warp denim, and silky denim and others.
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