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Ashoka Buildcon (NSE:ASHOKA) Return-on-Tangible-Asset : 4.69% (As of Jun. 2024)


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What is Ashoka Buildcon 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. Ashoka Buildcon's annualized Net Income for the quarter that ended in Jun. 2024 was ₹6,013 Mil. Ashoka Buildcon's average total tangible assets for the quarter that ended in Jun. 2024 was ₹128,114 Mil. Therefore, Ashoka Buildcon's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 4.69%.

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

NSE:ASHOKA' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.33   Med: 2.54   Max: 7.15
Current: 4.27

During the past 13 years, Ashoka Buildcon's highest Return-on-Tangible-Asset was 7.15%. The lowest was -7.33%. And the median was 2.54%.

NSE:ASHOKA's Return-on-Tangible-Asset is ranked better than
60.55% of 1701 companies
in the Construction industry
Industry Median: 2.96 vs NSE:ASHOKA: 4.27

Ashoka Buildcon Return-on-Tangible-Asset Historical Data

The historical data trend for Ashoka Buildcon'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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Ashoka Buildcon Return-on-Tangible-Asset Chart

Ashoka Buildcon Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.76 4.09 7.15 2.32 4.31

Ashoka Buildcon Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 2.18 2.52 2.41 6.74 4.69

Competitive Comparison of Ashoka Buildcon's Return-on-Tangible-Asset

For the Engineering & Construction subindustry, Ashoka Buildcon'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.


Ashoka Buildcon's Return-on-Tangible-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ashoka Buildcon's Return-on-Tangible-Asset distribution charts can be found below:

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



Ashoka Buildcon Return-on-Tangible-Asset Calculation

Ashoka Buildcon'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 )
=5030.795/( (105456.054+128114.464)/ 2 )
=5030.795/116785.259
=4.31 %

Ashoka Buildcon's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=6013.132/( (128114.464+0)/ 1 )
=6013.132/128114.464
=4.69 %

* 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 (Jun. 2024) net income data.


Ashoka Buildcon  (NSE:ASHOKA) 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.


Ashoka Buildcon Return-on-Tangible-Asset Related Terms

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Ashoka Buildcon Business Description

Traded in Other Exchanges
Address
Ashoka Marg, S. No. 861, Ashoka House, Vadala, Nashik, MH, IND, 422011
Ashoka Buildcon Ltd develops highways and is also active in power transmission and distribution. It operates in three segments: The construction and Contract Related Activities segment including Engineering, Procurement, and Construction activity of infra projects; the Build operate and transfer segment includes Annuity to develop infra developer under BOT & Annuity; and the Sale of Goods segment consists mainly of Sale of construction materials which includes RMC and Real estate. The company has its business operations across India. The majority of the revenue is generated from construction and contract-related activity.

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