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Comrade Appliances (BOM:543921) Return-on-Tangible-Asset : 7.83% (As of Mar. 2025)


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What is Comrade Appliances 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. Comrade Appliances's annualized Net Income for the quarter that ended in Mar. 2025 was ₹46.8 Mil. Comrade Appliances's average total tangible assets for the quarter that ended in Mar. 2025 was ₹598.2 Mil. Therefore, Comrade Appliances's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 7.83%.

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

BOM:543921' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.84   Med: 1.47   Max: 6.2
Current: 1

During the past 6 years, Comrade Appliances's highest Return-on-Tangible-Asset was 6.20%. The lowest was 0.84%. And the median was 1.47%.

BOM:543921's Return-on-Tangible-Asset is ranked worse than
65.45% of 437 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.95 vs BOM:543921: 1.00

Comrade Appliances Return-on-Tangible-Asset Historical Data

The historical data trend for Comrade Appliances'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.

Comrade Appliances Return-on-Tangible-Asset Chart

Comrade Appliances Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Return-on-Tangible-Asset
Get a 7-Day Free Trial 0.84 1.37 6.20 1.56 0.94

Comrade Appliances Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only - -18.80 18.46 -8.41 7.83

Competitive Comparison of Comrade Appliances's Return-on-Tangible-Asset

For the Furnishings, Fixtures & Appliances subindustry, Comrade Appliances'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.


Comrade Appliances's Return-on-Tangible-Asset Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Comrade Appliances's Return-on-Tangible-Asset distribution charts can be found below:

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


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Comrade Appliances Return-on-Tangible-Asset Calculation

Comrade Appliances's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=5.306/( (398.992+734.308)/ 2 )
=5.306/566.65
=0.94 %

Comrade Appliances's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Sep. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Sep. 2024 )(Q: Mar. 2025 )
=46.84/( (462.068+734.308)/ 2 )
=46.84/598.188
=7.83 %

* 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 (Mar. 2025) net income data.


Comrade Appliances  (BOM:543921) 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.


Comrade Appliances Return-on-Tangible-Asset Related Terms

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


Comrade Appliances Business Description

Traded in Other Exchanges
N/A
Address
183-186, S.V. Road, Shop No. 39, Ground Level I, Dewan Centre, Jogeshwari West, Mumbai, MH, IND, 400102
Comrade Appliances Ltd is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers. The company manufactures consumer durable goods assembles a wide Varieties of products and provides end-to-end product solutions. It serves under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. The Company has only one reportable Business Segment, which is the manufacturing of Electrical Machinery and Apparatus. The Company operates in one Geographical Segment namely within India.

Comrade Appliances Headlines

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