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India Capital Growth Fund (LSE:IGC) Return-on-Tangible-Asset : 9.29% (As of Dec. 2024)


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What is India Capital Growth Fund 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. India Capital Growth Fund's annualized Net Income for the quarter that ended in Dec. 2024 was £16.57 Mil. India Capital Growth Fund's average total tangible assets for the quarter that ended in Dec. 2024 was £178.43 Mil. Therefore, India Capital Growth Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 9.29%.

The historical rank and industry rank for India Capital Growth Fund's Return-on-Tangible-Asset or its related term are showing as below:

LSE:IGC' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -22.15   Med: 11.5   Max: 34.79
Current: 13.23

During the past 13 years, India Capital Growth Fund's highest Return-on-Tangible-Asset was 34.79%. The lowest was -22.15%. And the median was 11.50%.

LSE:IGC's Return-on-Tangible-Asset is ranked better than
80.8% of 1682 companies
in the Asset Management industry
Industry Median: 4.255 vs LSE:IGC: 13.23

India Capital Growth Fund Return-on-Tangible-Asset Historical Data

The historical data trend for India Capital Growth Fund'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.

India Capital Growth Fund Return-on-Tangible-Asset Chart

India Capital Growth Fund Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.87 31.81 2.63 24.86 13.13

India Capital Growth Fund Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.17 14.54 35.33 17.34 9.29

Competitive Comparison of India Capital Growth Fund's Return-on-Tangible-Asset

For the Asset Management subindustry, India Capital Growth Fund'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.


India Capital Growth Fund's Return-on-Tangible-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, India Capital Growth Fund's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where India Capital Growth Fund's Return-on-Tangible-Asset falls into.


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India Capital Growth Fund Return-on-Tangible-Asset Calculation

India Capital Growth Fund's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=23.44/( (174.849+182.144)/ 2 )
=23.44/178.4965
=13.13 %

India Capital Growth Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=16.574/( (174.716+182.144)/ 2 )
=16.574/178.43
=9.29 %

* 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 (Dec. 2024) net income data.


India Capital Growth Fund  (LSE:IGC) 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.


India Capital Growth Fund Return-on-Tangible-Asset Related Terms

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


India Capital Growth Fund Business Description

Traded in Other Exchanges
Address
Royal Avenue, 1 Royal Plaza, St Peter Port, GGY, GY1 2HL
India Capital Growth Fund Ltd is a closed-ended investment company. The company's investment objective is to provide long-term capital appreciation by investing in companies based in India. Its investment policy permits the company to make investments in a range of Indian equity and equity-linked securities and predominantly in listed mid and small-cap Indian companies with a smaller proportion in unlisted Indian companies. Investment may also be made in large-cap listed Indian companies and in companies incorporated outside India that have key operations or markets in India. The company's activities are focused on two areas namely Mauritius and India.

India Capital Growth Fund Headlines

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