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The historical rank and industry rank for Emkay Taps and Cutting Tools's Return-on-Tangible-Asset or its related term are showing as below:
NSE:EMKAYTOOLS's Return-on-Tangible-Asset is not ranked *
in the Industrial Products industry.
Industry Median: 3.41 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) 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 companys 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 companys 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.
Emkay Taps and Cutting Tools Return-on-Tangible-Asset Related Terms
Emkay Taps and Cutting Tools Return-on-Tangible-Asset Historical Data
* 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.
Emkay Taps and Cutting Tools Return-on-Tangible-Asset Chart
NSE:EMKAYTOOLS vs SNA, RBC, LECO: Return-on-Tangible-Asset Comparison
For the Tools & Accessories subindustry, Emkay Taps and Cutting Tools'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.
Emkay Taps and Cutting Tools Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Emkay Taps and Cutting Tools's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Emkay Taps and Cutting Tools's Return-on-Tangible-Asset falls into.
* 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 (Mar. 2025) net income data.
What does a Return-on-Tangible-Asset of -18.85% mean?
Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) has a Return-on-Tangible-Asset of -18.85% as of Mar. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Emkay Taps and Cutting Tools and its competitors.
Is Emkay Taps and Cutting Tools' Return-on-Tangible-Asset too high?
Emkay Taps and Cutting Tools' current Return-on-Tangible-Asset is -18.85%. Overall, Emkay Taps and Cutting Tools has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Emkay Taps and Cutting Tools' Return-on-Tangible-Asset compare to SNA and RBC?
Emkay Taps and Cutting Tools' Return-on-Tangible-Asset of -18.85% can be compared against companies in the Industrial Products industry. The industry median Return-on-Tangible-Asset is 3.41. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.41, based on 3,084 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Emkay Taps and Cutting Tools and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emkay Taps and Cutting Tools's current Return-on-Tangible-Asset is -18.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emkay Taps and Cutting Tools stock overvalued right now?
Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) has a current Return-on-Tangible-Asset of -18.85%. The current Return-on-Tangible-Asset is -18.85%. Emkay Taps and Cutting Tools' overall GF Score™ is 71/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS), the current Return-on-Tangible-Asset is -18.85% as of Mar. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Emkay Taps and Cutting Tools Ltd is engaged in manufacturing and selling taps and cutting tools. The company operates two main segments: the manufacturing of taps and cutting tools, and the production of power through windmills. The majority of its revenue is generated from the tools segment. It runs two wind farm projects located in Shivapura Kavalu Village, Belur Taluka, Hassan District, Karnataka, and Kita & Ugawa, Jaisalmer District, Rajasthan.
71GF Score
Get the complete analysis for NSE:EMKAYTOOLS
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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