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Foce India (NSE:FOCE) Return-on-Tangible-Asset : 29.18% (As of Mar. 2024)


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What is Foce India 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. Foce India's annualized Net Income for the quarter that ended in Mar. 2024 was ₹318.8 Mil. Foce India's average total tangible assets for the quarter that ended in Mar. 2024 was ₹1,092.5 Mil. Therefore, Foce India's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 29.18%.

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

NSE:FOCE' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.18   Med: 12.46   Max: 20.45
Current: 15.63

During the past 6 years, Foce India's highest Return-on-Tangible-Asset was 20.45%. The lowest was 8.18%. And the median was 12.46%.

NSE:FOCE's Return-on-Tangible-Asset is ranked better than
93.87% of 1126 companies
in the Retail - Cyclical industry
Industry Median: 2.355 vs NSE:FOCE: 15.63

Foce India Return-on-Tangible-Asset Historical Data

The historical data trend for Foce India'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.

Foce India Return-on-Tangible-Asset Chart

Foce India Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
Get a 7-Day Free Trial 12.74 8.18 20.45 12.18 16.13

Foce India Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only 23.31 2.25 20.32 -0.10 29.18

Competitive Comparison of Foce India's Return-on-Tangible-Asset

For the Luxury Goods subindustry, Foce India'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.


Foce India's Return-on-Tangible-Asset Distribution in the Retail - Cyclical Industry

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

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


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Foce India Return-on-Tangible-Asset Calculation

Foce India'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 )
=158.925/( (864.601+1106.005)/ 2 )
=158.925/985.303
=16.13 %

Foce India'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: Sep. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Sep. 2023 )(Q: Mar. 2024 )
=318.774/( (1078.938+1106.005)/ 2 )
=318.774/1092.4715
=29.18 %

* 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. 2024) net income data.


Foce India  (NSE:FOCE) 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.


Foce India Return-on-Tangible-Asset Related Terms

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Foce India Business Description

Traded in Other Exchanges
N/A
Address
4, Kingston, Shastri Nagar, Lokhandwala Complex, Andheri (West), Mumbai, MH, IND, 400053
Foce India Ltd is engaged in the business of supply, distribution, and retailing of various types of wristwatches such as Analog, Digital, Chronograph, Designer and Man's accessories. The company geographically operates within India.

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