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Tijaria Polypipes (BOM:533629) Return-on-Tangible-Asset : -5.00% (As of Mar. 2024)


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What is Tijaria Polypipes 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. Tijaria Polypipes's annualized Net Income for the quarter that ended in Mar. 2024 was ₹-28.54 Mil. Tijaria Polypipes's average total tangible assets for the quarter that ended in Mar. 2024 was ₹570.59 Mil. Therefore, Tijaria Polypipes's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -5.00%.

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

BOM:533629' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -26.38   Med: -12.56   Max: 5.56
Current: -4.92

During the past 13 years, Tijaria Polypipes's highest Return-on-Tangible-Asset was 5.56%. The lowest was -26.38%. And the median was -12.56%.

BOM:533629's Return-on-Tangible-Asset is ranked worse than
85.21% of 1670 companies
in the Construction industry
Industry Median: 2.72 vs BOM:533629: -4.92

Tijaria Polypipes Return-on-Tangible-Asset Historical Data

The historical data trend for Tijaria Polypipes'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.

Tijaria Polypipes Return-on-Tangible-Asset Chart

Tijaria Polypipes Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.39 -14.55 -26.38 -14.63 -5.03

Tijaria Polypipes Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -17.79 -5.57 -4.38 -4.61 -5.00

Competitive Comparison of Tijaria Polypipes's Return-on-Tangible-Asset

For the Building Products & Equipment subindustry, Tijaria Polypipes'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.


Tijaria Polypipes's Return-on-Tangible-Asset Distribution in the Construction Industry

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

* The bar in red indicates where Tijaria Polypipes's Return-on-Tangible-Asset falls into.



Tijaria Polypipes Return-on-Tangible-Asset Calculation

Tijaria Polypipes's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=-29.164/( (615.269+545.21)/ 2 )
=-29.164/580.2395
=-5.03 %

Tijaria Polypipes's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=-28.544/( (595.977+545.21)/ 2 )
=-28.544/570.5935
=-5.00 %

* 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.


Tijaria Polypipes  (BOM:533629) 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.


Tijaria Polypipes Return-on-Tangible-Asset Related Terms

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


Tijaria Polypipes (BOM:533629) Business Description

Traded in Other Exchanges
Address
SP-1-2316, RIICO Industrial Area, Ramchandrapura, Sitapura Extension, Jaipur, RJ, IND, 302022
Tijaria Polypipes Ltd manufactures HDPE Pipes, PLB HDPE Duct, MDPE Pipes, DWC HDPE Pipes, uPVC Pipes, PVC-U Pipes, Mink Blankets, partially oriented yarn, and draw textured yarn, surgical masks, N-95 Mask under the registered brand name of Tijaria and Vikas. The company operates in two segments Pipes and Textiles. The company produces a product range in the field of plastics, HDPE Pipes for Electrical, Water and Sewerage, PVC-U and DWC HDPE Pipes for Sewerage, uPVC Pipes for Water, PLB HDPE Ducts for telecommunications, HDPE Sprinkler Irrigation Systems, MDPE Pipes for Water Supply etc. The majority of its revenue is generated from the pipes segment.

Tijaria Polypipes (BOM:533629) Headlines

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