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ASK Automotive (NSE:ASKAUTOLTD) Return-on-Tangible-Asset : 13.26% (As of Mar. 2025)


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What is ASK Automotive 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. ASK Automotive's annualized Net Income for the quarter that ended in Mar. 2025 was ₹2,305 Mil. ASK Automotive's average total tangible assets for the quarter that ended in Mar. 2025 was ₹17,376 Mil. Therefore, ASK Automotive's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 13.26%.

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

NSE:ASKAUTOLTD' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 9.84   Med: 13.96   Max: 15.87
Current: 15.54

During the past 5 years, ASK Automotive's highest Return-on-Tangible-Asset was 15.87%. The lowest was 9.84%. And the median was 13.96%.

NSE:ASKAUTOLTD's Return-on-Tangible-Asset is ranked better than
96.37% of 1324 companies
in the Vehicles & Parts industry
Industry Median: 3.06 vs NSE:ASKAUTOLTD: 15.54

ASK Automotive Return-on-Tangible-Asset Historical Data

The historical data trend for ASK Automotive'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.

ASK Automotive Return-on-Tangible-Asset Chart

ASK Automotive Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Return-on-Tangible-Asset
13.96 9.84 12.20 14.02 15.87

ASK Automotive Quarterly Data
Mar21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 13.82 16.44 16.22 15.88 13.26

Competitive Comparison of ASK Automotive's Return-on-Tangible-Asset

For the Auto Parts subindustry, ASK Automotive'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.


ASK Automotive's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ASK Automotive's Return-on-Tangible-Asset distribution charts can be found below:

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


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ASK Automotive Return-on-Tangible-Asset Calculation

ASK Automotive'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 )
=2476.2/( (13827.733+17375.6)/ 2 )
=2476.2/15601.6665
=15.87 %

ASK Automotive'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: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=2304.8/( (0+17375.6)/ 1 )
=2304.8/17375.6
=13.26 %

* 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 (Mar. 2025) net income data.


ASK Automotive  (NSE:ASKAUTOLTD) 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.


ASK Automotive Return-on-Tangible-Asset Related Terms

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ASK Automotive Business Description

Traded in Other Exchanges
Address
Sector 5, IMT Manesar, Plot No - 13-14, Gurgaon, HR, IND, 122 050
ASK Automotive Ltd is a manufacturer of brake-shoe and advanced braking systems for two-wheelers in India. The product range of the company includes AB systems; aluminum lightweight precision, wheel assembly to 2W OEMs; and safety control cables The company operates in India as well as overseas.

ASK Automotive Headlines

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