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. Alpex Solar's annualizedNet Income for the quarter that ended in Sep. 2023 was ₹0 Mil. Alpex Solar's average total tangible assets for the quarter that ended in Sep. 2023 was ₹1,336 Mil. Therefore, Alpex Solar's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was 0.00%.
The historical rank and industry rank for Alpex Solar's Return-on-Tangible-Asset or its related term are showing as below:
During the past 3 years, Alpex Solar's highest Return-on-Tangible-Asset was 3.37%. The lowest was 0.20%. And the median was 3.18%.
NSE:ALPEXSOLAR's Return-on-Tangible-Asset is not ranked *
in the Semiconductors industry.
Industry Median: 2.545 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Alpex Solar Return-on-Tangible-Asset Historical Data
The historical data trend for Alpex Solar'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.
Alpex Solar Return-on-Tangible-Asset Chart
Alpex Solar Annual Data
Trend
Mar21
Mar22
Mar23
Return-on-Tangible-Asset
3.18
0.20
3.37
Alpex Solar Quarterly Data
Mar21
Mar22
Mar23
Sep23
Return-on-Tangible-Asset
-
-
-
-
Competitive Comparison of Alpex Solar's Return-on-Tangible-Asset
For the Solar subindustry, Alpex Solar'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.
Alpex Solar's Return-on-Tangible-Asset Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Alpex Solar's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Alpex Solar's Return-on-Tangible-Asset falls into.
Alpex Solar Return-on-Tangible-Asset Calculation
Alpex Solar's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2023 is calculated as:
* 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 four times the quarterly (Sep. 2023) net income data.
Alpex Solar (NSE:ALPEXSOLAR) 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 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.
Alpex Solar Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Alpex Solar's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Alpex Solar Ltd is a solar photovoltaic (PV) module manufacturer in India. Its PV modules are manufactured using both monocrystalline and polycrystalline cell technologies. Company portfolio of solar energy products consists of bifacial, mono perc, Halfcut solar PV modules and also provide integrated solar energy solutions, including engineering, procurement, construction (EPC) of AC/DC Solar Pumps in both Surface and Submersible categories.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NSE:ALPEXSOLAR has been successfully added to your