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Net Avenue Technologies (NSE:CBAZAAR) Return-on-Tangible-Asset : -9.36% (As of Mar. 2024)


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What is Net Avenue Technologies 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. Net Avenue Technologies's annualized Net Income for the quarter that ended in Mar. 2024 was ₹-15.8 Mil. Net Avenue Technologies's average total tangible assets for the quarter that ended in Mar. 2024 was ₹168.9 Mil. Therefore, Net Avenue Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -9.36%.

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

NSE:CBAZAAR' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.36   Med: 7.98   Max: 25.39
Current: -9.36

During the past 4 years, Net Avenue Technologies's highest Return-on-Tangible-Asset was 25.39%. The lowest was -9.36%. And the median was 7.98%.

NSE:CBAZAAR's Return-on-Tangible-Asset is ranked worse than
86.25% of 1127 companies
in the Retail - Cyclical industry
Industry Median: 2.35 vs NSE:CBAZAAR: -9.36

Net Avenue Technologies Return-on-Tangible-Asset Historical Data

The historical data trend for Net Avenue Technologies'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.

Net Avenue Technologies Return-on-Tangible-Asset Chart

Net Avenue Technologies Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
3.02 25.39 12.93 -9.36

Net Avenue Technologies Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset 3.02 25.39 12.93 -9.36

Competitive Comparison of Net Avenue Technologies's Return-on-Tangible-Asset

For the Internet Retail subindustry, Net Avenue Technologies'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.


Net Avenue Technologies's Return-on-Tangible-Asset Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Net Avenue Technologies's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Net Avenue Technologies's Return-on-Tangible-Asset falls into.


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Net Avenue Technologies Return-on-Tangible-Asset Calculation

Net Avenue Technologies'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 )
=-15.812/( (145.788+192.072)/ 2 )
=-15.812/168.93
=-9.36 %

Net Avenue Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Mar. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Mar. 2023 )(Q: Mar. 2024 )
=-15.812/( (145.788+192.072)/ 2 )
=-15.812/168.93
=-9.36 %

* 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 one times the annual (Mar. 2024) net income data.


Net Avenue Technologies  (NSE:CBAZAAR) 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.


Net Avenue Technologies Return-on-Tangible-Asset Related Terms

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Net Avenue Technologies Business Description

Traded in Other Exchanges
N/A
Address
Floor Prithvi Avenue, New No. 16, Old No. 13, 1st, Alwarpet, Chennai, TN, IND, 600018
Net Avenue Technologies Ltd is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories. Its core business sells Indian Ethnic wear and accessories, catering to the South Asian Diaspora and its product range includes Indian ethnic wear and accessories for women, men, teens, and kids. The company distributes its products through various prominent E-commerce platforms, including but not limited to Myntra, Nykaa, and Ajio, among others.

Net Avenue Technologies Headlines

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