Hemisphere Properties India (BOM:543242) Return-on-Tangible-Asset : -2.22% (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Hemisphere Properties 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. Hemisphere Properties India's annualized Net Income for the quarter that ended in Mar. 2024 was ₹-174.47 Mil. Hemisphere Properties India's average total tangible assets for the quarter that ended in Mar. 2024 was ₹7,863.33 Mil. Therefore, Hemisphere Properties India's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -2.22%.

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

BOM:543242' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -18.11 Med: -1.85 Max: -0.8
Current: -1.24

During the past 7 years, Hemisphere Properties India's highest Return-on-Tangible-Asset was -0.80%. The lowest was -18.11%. And the median was -1.85%.

BOM:543242's Return-on-Tangible-Asset is ranked worse than
71.33% of 1824 companies
in the Real Estate industry
Industry Median: 1.05 vs BOM:543242: -1.24

Hemisphere Properties India Return-on-Tangible-Asset Historical Data

The historical data trend for Hemisphere Properties 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.

Hemisphere Properties India Return-on-Tangible-Asset Chart

Hemisphere Properties India Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Return-on-Tangible-Asset

Get a 7-Day Free Trial

-18.11

-1.85

-1.84

-0.80

-1.24

Hemisphere Properties India Quarterly Data
	Mar19	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													-0.45	-0.89	-0.95	-0.91	-2.22

Competitive Comparison of Hemisphere Properties India's Return-on-Tangible-Asset

For the Real Estate - Diversified subindustry, Hemisphere Properties 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.

Hemisphere Properties India's Return-on-Tangible-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hemisphere Properties India's Return-on-Tangible-Asset distribution charts can be found below:

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

Hemisphere Properties India Return-on-Tangible-Asset Calculation

Hemisphere Properties India'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 )
	=	-98.185	/	( (7944.911	+	7863.328)	/ 2 )
	=	-98.185	/	7904.1195
	=	-1.24 %

Hemisphere Properties India'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 )
	=	-174.472	/	( (0	+	7863.328)	/ 1 )
	=	-174.472	/	7863.328
	=	-2.22 %

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.

Hemisphere Properties India (BOM:543242) 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 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.

Hemisphere Properties India Return-on-Tangible-Asset Related Terms

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

Hemisphere Properties India (BOM:543242) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hemisphere Properties India Ltd (BOM:543242) » Definitions » Return-on-Tangible-Asset

Traded in Other Exchanges

HEMIPROP:India

Address

Maulana Azad Road, Room Number 144, C-Wing, Nirman Bhawan, New Delhi, IND, 110001

Website

https://www.hpil.co.in

Hemisphere Properties India Ltd is engaged in the business of constructing, acquiring, developing, managing, and dealing in properties.

Hemisphere Properties India (BOM:543242) Headlines

No Headlines