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Gian Life Care (BOM:542918) Return-on-Tangible-Asset : 1.37% (As of Sep. 2024)


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What is Gian Life Care 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. Gian Life Care's annualized Net Income for the quarter that ended in Sep. 2024 was ₹4.7 Mil. Gian Life Care's average total tangible assets for the quarter that ended in Sep. 2024 was ₹343.4 Mil. Therefore, Gian Life Care's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 1.37%.

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

BOM:542918' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.15   Med: 13.64   Max: 22.71
Current: 12.06

During the past 6 years, Gian Life Care's highest Return-on-Tangible-Asset was 22.71%. The lowest was 4.15%. And the median was 13.64%.

BOM:542918's Return-on-Tangible-Asset is ranked better than
85.07% of 221 companies
in the Medical Diagnostics & Research industry
Industry Median: -4.07 vs BOM:542918: 12.06

Gian Life Care Return-on-Tangible-Asset Historical Data

The historical data trend for Gian Life Care'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.

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Gian Life Care Return-on-Tangible-Asset Chart

Gian Life Care Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
Get a 7-Day Free Trial 11.19 14.51 22.71 4.15 13.64

Gian Life Care Quarterly Data
Mar19 Jun19 Sep19 Mar20 Sep20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2.69 20.52 26.15 1.30 1.37

Competitive Comparison of Gian Life Care's Return-on-Tangible-Asset

For the Diagnostics & Research subindustry, Gian Life Care'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.


Gian Life Care's Return-on-Tangible-Asset Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Gian Life Care's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Gian Life Care's Return-on-Tangible-Asset falls into.


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Gian Life Care Return-on-Tangible-Asset Calculation

Gian Life Care'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 )
=41.525/( (282.385+326.324)/ 2 )
=41.525/304.3545
=13.64 %

Gian Life Care's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=4.692/( (0+343.432)/ 1 )
=4.692/343.432
=1.37 %

* 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 (Sep. 2024) net income data.


Gian Life Care  (BOM:542918) 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.


Gian Life Care Return-on-Tangible-Asset Related Terms

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Gian Life Care Business Description

Traded in Other Exchanges
N/A
Address
7/216 (6) Swaroop Nagar, Infront of L-L.R. Hospital, Kanpur, UP, IND, 208002
Gian Life Care Ltd is an Indian firm engaged in the business of providing diagnostic and related healthcare tests and services in Kanpur and nearby areas. The company provides a broad range of diagnostic and related healthcare tests and services such as patient diagnosis, prevention, and wellness diagnosis services to its patients and healthcare providers. Its customers include individual patients, hospitals, other healthcare providers, and corporate customers. Substantial revenue accrues from the Pathological Testing Fees. The Company has only one operating segment namely, Laboratories Pathological Investigations.

Gian Life Care Headlines

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