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Organic Recycling Systems (BOM:543997) Return-on-Tangible-Asset : 8.23% (As of Mar. 2024)


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What is Organic Recycling Systems 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. Organic Recycling Systems's annualized Net Income for the quarter that ended in Mar. 2024 was ₹115.1 Mil. Organic Recycling Systems's average total tangible assets for the quarter that ended in Mar. 2024 was ₹1,398.0 Mil. Therefore, Organic Recycling Systems's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 8.23%.

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

BOM:543997' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -22.51   Med: -4.53   Max: 6.77
Current: 6.01

During the past 5 years, Organic Recycling Systems's highest Return-on-Tangible-Asset was 6.77%. The lowest was -22.51%. And the median was -4.53%.

BOM:543997's Return-on-Tangible-Asset is ranked better than
70.37% of 243 companies
in the Waste Management industry
Industry Median: 2.67 vs BOM:543997: 6.01

Organic Recycling Systems Return-on-Tangible-Asset Historical Data

The historical data trend for Organic Recycling Systems'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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Organic Recycling Systems Return-on-Tangible-Asset Chart

Organic Recycling Systems Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
-22.51 -4.53 -5.40 3.52 6.77

Organic Recycling Systems Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Sep23 Mar24
Return-on-Tangible-Asset Get a 7-Day Free Trial - - - 3.02 8.23

Competitive Comparison of Organic Recycling Systems's Return-on-Tangible-Asset

For the Waste Management subindustry, Organic Recycling Systems'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.


Organic Recycling Systems's Return-on-Tangible-Asset Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Organic Recycling Systems's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Organic Recycling Systems's Return-on-Tangible-Asset falls into.



Organic Recycling Systems Return-on-Tangible-Asset Calculation

Organic Recycling Systems'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 )
=77.69/( (1082.09+1212.155)/ 2 )
=77.69/1147.1225
=6.77 %

Organic Recycling Systems'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: Sep. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Sep. 2023 )(Q: Mar. 2024 )
=115.084/( (1583.899+1212.155)/ 2 )
=115.084/1398.027
=8.23 %

* 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. 2024) net income data.


Organic Recycling Systems  (BOM:543997) 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.


Organic Recycling Systems Return-on-Tangible-Asset Related Terms

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Organic Recycling Systems (BOM:543997) Business Description

Traded in Other Exchanges
N/A
Address
Plot No. 9, Sector-17, Office No. 1003, 10th Floor, The Affaires, Sanpada, Navi Mumbai, MH, IND, 400705
Organic Recycling Systems Ltd is an engineering company focused on environmental solutions and provides waste management solutions across waste types and across the value chain. The company has been a forerunner in providing sustainable waste management solutions in India. It primarily focuses on developing robust, cost-effective & environment-friendly technologies that are simple to operate. It has proven technology and capability of successfully running one of India's first Waste to Energy (WTE) plants developed on anaerobic bio methanation technology. It has also set up an MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost.

Organic Recycling Systems (BOM:543997) Headlines

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