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CarTrade Tech (NSE:CARTRADE) Return-on-Tangible-Asset : 12.12% (As of Mar. 2025)


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What is CarTrade Tech 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. CarTrade Tech's annualized Net Income for the quarter that ended in Mar. 2025 was ₹1,673 Mil. CarTrade Tech's average total tangible assets for the quarter that ended in Mar. 2025 was ₹13,806 Mil. Therefore, CarTrade Tech's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 12.12%.

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

NSE:CARTRADE' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.14   Med: 3.39   Max: 11.95
Current: 10.62

During the past 7 years, CarTrade Tech's highest Return-on-Tangible-Asset was 11.95%. The lowest was -11.14%. And the median was 3.39%.

NSE:CARTRADE's Return-on-Tangible-Asset is ranked better than
88.6% of 1324 companies
in the Vehicles & Parts industry
Industry Median: 3.06 vs NSE:CARTRADE: 10.62

CarTrade Tech Return-on-Tangible-Asset Historical Data

The historical data trend for CarTrade Tech'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.

CarTrade Tech Return-on-Tangible-Asset Chart

CarTrade Tech Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Return-on-Tangible-Asset
Get a 7-Day Free Trial 11.95 -11.14 2.43 1.09 10.52

CarTrade Tech Quarterly Data
Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.64 7.55 8.98 13.75 12.12

Competitive Comparison of CarTrade Tech's Return-on-Tangible-Asset

For the Auto & Truck Dealerships subindustry, CarTrade Tech'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.


CarTrade Tech's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry

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

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


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CarTrade Tech Return-on-Tangible-Asset Calculation

CarTrade Tech'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 )
=1346.508/( (11797.067+13805.576)/ 2 )
=1346.508/12801.3215
=10.52 %

CarTrade Tech'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 )
=1672.832/( (0+13805.576)/ 1 )
=1672.832/13805.576
=12.12 %

* 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.


CarTrade Tech  (NSE:CARTRADE) 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.


CarTrade Tech Return-on-Tangible-Asset Related Terms

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


CarTrade Tech Business Description

Traded in Other Exchanges
Address
S Pranavanandji Marg, Vishwaroop IT Park, 12th Floor, Sector 30A, Vashi, Navi Mumbai, MH, IND, 400 705
CarTrade Tech Ltd is a multi-channel auto platform provider company. The company operates brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. The platform connects new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses to buy and sell different types of vehicles. The company operates within three segments: the Consumer Group, Remarketing Group, and Classifieds Group.

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