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Shanti Spintex (BOM:544059) Return-on-Tangible-Asset : 4.16% (As of Mar. 2025)


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What is Shanti Spintex 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. Shanti Spintex's annualized Net Income for the quarter that ended in Mar. 2025 was ₹75 Mil. Shanti Spintex's average total tangible assets for the quarter that ended in Mar. 2025 was ₹1,794 Mil. Therefore, Shanti Spintex's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 4.16%.

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

BOM:544059' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.83   Med: 5.5   Max: 7.04
Current: 5.53

During the past 5 years, Shanti Spintex's highest Return-on-Tangible-Asset was 7.04%. The lowest was 2.83%. And the median was 5.50%.

BOM:544059's Return-on-Tangible-Asset is ranked better than
73.34% of 1069 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.12 vs BOM:544059: 5.53

Shanti Spintex Return-on-Tangible-Asset Historical Data

The historical data trend for Shanti Spintex'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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Shanti Spintex Return-on-Tangible-Asset Chart

Shanti Spintex Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Return-on-Tangible-Asset
2.83 3.81 6.49 7.04 5.50

Shanti Spintex Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25
Return-on-Tangible-Asset Get a 7-Day Free Trial - 5.98 8.44 6.89 4.16

Competitive Comparison of Shanti Spintex's Return-on-Tangible-Asset

For the Textile Manufacturing subindustry, Shanti Spintex'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.


Shanti Spintex's Return-on-Tangible-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shanti Spintex's Return-on-Tangible-Asset distribution charts can be found below:

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


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Shanti Spintex Return-on-Tangible-Asset Calculation

Shanti Spintex'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 )
=102.001/( (1939.951+1770.635)/ 2 )
=102.001/1855.293
=5.50 %

Shanti Spintex'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 )
=74.572/( (1818.036+1770.635)/ 2 )
=74.572/1794.3355
=4.16 %

* 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.


Shanti Spintex  (BOM:544059) 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.


Shanti Spintex Return-on-Tangible-Asset Related Terms

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


Shanti Spintex Business Description

Traded in Other Exchanges
N/A
Address
A -1601, Navratna Corporate Park, Ambli Bopal Road, Ahmedabad, GJ, IND, 380058
Shanti Spintex Ltd is engaged in the Manufacturing and selling of Cotton Yarn and Fabrics. It manufactures various types of denim fabrics such as power stretch spandex denim, knit denim, lightweight denim, rigid denim, over-dyed denim, and flat finish 3/1 denim and also offers denim fabrics in a diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, etc. The Company's operations encompass the utilization of diverse types of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell, etc. The Company is currently organized into two operating activities - 1. Textile Manufacturing and 2. Windmill Operations. The company generates the majority of its revenue from the Textile segment.

Shanti Spintex Headlines

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