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Piotex IndustriesBOM:544178 22 Return-on-Tangible-Asset is 3.60% as of Mar. 2026, which is 63% below its 10-year median of 9.86. GuruFocus rates BOM:544178 with a GF Score™ of 22/100. The stock has 2 warning signs investors should review. Among 1,070 Manufacturing - Apparel & Accessories companies, Piotex Industries ranks worse than 52.15% on this metric.
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. Piotex Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹11.6 Mil. Piotex Industries's average total tangible assets for the quarter that ended in Mar. 2026 was ₹320.9 Mil. Therefore, Piotex Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.60%.
The historical rank and industry rank for Piotex Industries's Return-on-Tangible-Asset or its related term are showing as below:
BOM:544178'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.05 Med: 9.86 Max: 18.37
Current: 2.05
During the past 5 years, Piotex Industries's highest Return-on-Tangible-Asset was 18.37%. The lowest was 2.05%. And the median was 9.86%.
BOM:544178's Return-on-Tangible-Asset is ranked worse than 52.15% of 1070
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.35
vs BOM:544178: 2.05
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.
Piotex Industries Return-on-Tangible-Asset Related Terms
Piotex Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Piotex Industries'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.
For the Textile Manufacturing subindustry, Piotex Industries'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.
Piotex Industries Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Piotex Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Piotex Industries's Return-on-Tangible-Asset falls into.
* 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. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.60% mean?
Piotex Industries (BOM:544178) has a Return-on-Tangible-Asset of 3.60% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Piotex Industries and its competitors. This is 63% below median its historical median of 9.86. Over the past decade, Piotex Industries' Return-on-Tangible-Asset has ranged from 2.05 to 18.37. According to the industry distribution chart, Piotex Industries ranks #558 out of 1070 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 52.1%.
Is Piotex Industries' Return-on-Tangible-Asset too high?
Piotex Industries' current Return-on-Tangible-Asset of 3.60% is 63% below median its 10-year median of 9.86. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 18.37. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.35. Piotex Industries' value of 3.60% is 53.2% above this industry median. Based on the distribution chart, Piotex Industries ranks #558 out of 1070 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Piotex Industries has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Piotex Industries' Return-on-Tangible-Asset compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Piotex Industries ranks #558 out of 1070 companies for Return-on-Tangible-Asset. This places Piotex Industries in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.35. Piotex Industries' value of 3.60% is 53.2% above this benchmark. Historically, Piotex Industries' own Return-on-Tangible-Asset has ranged from 2.05 to 18.37 over the past decade. While the company's 10-year median is 9.86 vs. the industry median of 2.35, Piotex Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.35, based on 1,070 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Piotex Industries's current Return-on-Tangible-Asset of 3.60% is 53.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Piotex Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Piotex Industries's current Return-on-Tangible-Asset is 3.60%, which is 63% below median its own 10-year median of 9.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piotex Industries stock overvalued right now?
Piotex Industries (BOM:544178) has a current Return-on-Tangible-Asset of 3.60%. The current Return-on-Tangible-Asset is 3.60%, which is 63% below median its 10-year median of 9.86 and 53.2% above the Manufacturing - Apparel & Accessories industry median of 2.35. Piotex Industries' overall GF Score™ is 22/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Piotex Industries (BOM:544178), the current Return-on-Tangible-Asset is 3.60% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Piotex Industries Ltd is in business of contract manufacturing and trading of yarn, fabric and cotton bales. Its Products are used for various purposes such as garments & home furnishings, etc. The company is engaged mainly in activities: like Trading of Cotton Bales, Synthetic Fiber, Cotton Yarn and Fabric.
22GF Score
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