GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Safa Systems & Technologies Ltd (BOM:543461) » Definitions » Return-on-Tangible-Asset

Safa Systems & Technologies (BOM:543461) Return-on-Tangible-Asset : 4.68% (As of Sep. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Safa Systems & Technologies 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. Safa Systems & Technologies's annualized Net Income for the quarter that ended in Sep. 2024 was ₹44 Mil. Safa Systems & Technologies's average total tangible assets for the quarter that ended in Sep. 2024 was ₹949 Mil. Therefore, Safa Systems & Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 4.68%.

The historical rank and industry rank for Safa Systems & Technologies's Return-on-Tangible-Asset or its related term are showing as below:

BOM:543461' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.54   Med: 0.86   Max: 5.04
Current: 5.04

During the past 6 years, Safa Systems & Technologies's highest Return-on-Tangible-Asset was 5.04%. The lowest was 0.54%. And the median was 0.86%.

BOM:543461's Return-on-Tangible-Asset is ranked better than
67.79% of 2462 companies
in the Hardware industry
Industry Median: 2.36 vs BOM:543461: 5.04

Safa Systems & Technologies Return-on-Tangible-Asset Historical Data

The historical data trend for Safa Systems & Technologies'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.

Safa Systems & Technologies Return-on-Tangible-Asset Chart

Safa Systems & Technologies Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
Get a 7-Day Free Trial 0.79 0.66 0.54 2.58 2.86

Safa Systems & Technologies Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 4.26 - 5.43 4.68

Competitive Comparison of Safa Systems & Technologies's Return-on-Tangible-Asset

For the Consumer Electronics subindustry, Safa Systems & Technologies'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.


Safa Systems & Technologies's Return-on-Tangible-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Safa Systems & Technologies's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Safa Systems & Technologies's Return-on-Tangible-Asset falls into.



Safa Systems & Technologies Return-on-Tangible-Asset Calculation

Safa Systems & Technologies'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 )
=22.519/( (679.933+897.42)/ 2 )
=22.519/788.6765
=2.86 %

Safa Systems & Technologies'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: Mar. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=44.4/( (897.42+1000.797)/ 2 )
=44.4/949.1085
=4.68 %

* 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 two times the semi-annual (Sep. 2024) net income data.


Safa Systems & Technologies  (BOM:543461) 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.


Safa Systems & Technologies Return-on-Tangible-Asset Related Terms

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


Safa Systems & Technologies Business Description

Traded in Other Exchanges
N/A
Address
Kaniyapilly Road, Door No. 46/2631 B, Safa Arcade, Behind Holiday Inn, Chakkaraparambu, Ernakulam, KL, IND, 682028
Safa Systems & Technologies Ltd is engaged in the business of distributorship of consumer durable products like Mobile phones, electronic gadgets, Mobile phone accessories, Tablets, LED TVs, Home appliances and wearable devices of various brands like Xiaomi, OPPO, TECNO, motorola, Micromax, One Plus and others.

Safa Systems & Technologies Headlines

No Headlines