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Aspire and Innovative Advertising (NSE:ASPIRE) Return-on-Tangible-Asset : 10.93% (As of Sep. 2023)


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What is Aspire and Innovative Advertising 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. Aspire and Innovative Advertising's annualized Net Income for the quarter that ended in Sep. 2023 was ₹79 Mil. Aspire and Innovative Advertising's average total tangible assets for the quarter that ended in Sep. 2023 was ₹720 Mil. Therefore, Aspire and Innovative Advertising's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was 10.93%.

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

NSE:ASPIRE's Return-on-Tangible-Asset is not ranked *
in the Transportation industry.
Industry Median: 3.99
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Aspire and Innovative Advertising Return-on-Tangible-Asset Historical Data

The historical data trend for Aspire and Innovative Advertising'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.

Aspire and Innovative Advertising Return-on-Tangible-Asset Chart

Aspire and Innovative Advertising Annual Data
Trend Mar21 Mar22 Mar23
Return-on-Tangible-Asset
6.57 9.95 9.17

Aspire and Innovative Advertising Semi-Annual Data
Mar21 Mar22 Mar23 Sep23
Return-on-Tangible-Asset - - - 10.93

Competitive Comparison of Aspire and Innovative Advertising's Return-on-Tangible-Asset

For the Integrated Freight & Logistics subindustry, Aspire and Innovative Advertising'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.


Aspire and Innovative Advertising's Return-on-Tangible-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aspire and Innovative Advertising's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Aspire and Innovative Advertising's Return-on-Tangible-Asset falls into.


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Aspire and Innovative Advertising Return-on-Tangible-Asset Calculation

Aspire and Innovative Advertising's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=53.085/( (532.336+625.612)/ 2 )
=53.085/578.974
=9.17 %

Aspire and Innovative Advertising's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2023 )  (Q: Mar. 2023 )(Q: Sep. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2023 )  (Q: Mar. 2023 )(Q: Sep. 2023 )
=78.656/( (625.612+813.485)/ 2 )
=78.656/719.5485
=10.93 %

* 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 (Sep. 2023) net income data.


Aspire and Innovative Advertising  (NSE:ASPIRE) 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.


Aspire and Innovative Advertising Return-on-Tangible-Asset Related Terms

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Aspire and Innovative Advertising Business Description

Traded in Other Exchanges
N/A
Address
Plot No. 52, Sector-44, Soulstice Building, Second Floor, Gurugram, HR, IND, 122003
Aspire and Innovative Advertising Ltd is engaged in the business of trading range of consumer durables like kitchen appliances, home appliances, white goods, mobile phones and its accessories, solar products etc. of multiple renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells and many more. It provide one platform that bring multiple brands under one umbrella. It is an end-to-end solution company to help partners in Last Mile Delivery Services & Product Distribution and provide technical, operational, financial & after-sales services in the narrowest corner of India.

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