GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gala Precision Engineering Ltd (NSE:GALAPREC) » Definitions » Return-on-Tangible-Asset

Gala Precision Engineering (NSE:GALAPREC) Return-on-Tangible-Asset : 13.48% (As of Mar. 2025)


View and export this data going back to 2024. Start your Free Trial

What is Gala Precision Engineering 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. Gala Precision Engineering's annualized Net Income for the quarter that ended in Mar. 2025 was ₹400 Mil. Gala Precision Engineering's average total tangible assets for the quarter that ended in Mar. 2025 was ₹2,968 Mil. Therefore, Gala Precision Engineering's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 13.48%.

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

NSE:GALAPREC' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.08   Med: 11.58   Max: 17.6
Current: 8.38

During the past 5 years, Gala Precision Engineering's highest Return-on-Tangible-Asset was 17.60%. The lowest was 2.08%. And the median was 11.58%.

NSE:GALAPREC's Return-on-Tangible-Asset is ranked better than
80.08% of 3027 companies
in the Industrial Products industry
Industry Median: 3.3 vs NSE:GALAPREC: 8.38

Gala Precision Engineering Return-on-Tangible-Asset Historical Data

The historical data trend for Gala Precision Engineering'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.

Gala Precision Engineering Return-on-Tangible-Asset Chart

Gala Precision Engineering Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Return-on-Tangible-Asset
2.08 5.55 17.60 14.13 11.58

Gala Precision Engineering Quarterly Data
Mar21 Mar22 Mar23 Sep23 Dec23 Mar24 Sep24 Dec24 Mar25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only 14.75 16.43 9.58 7.78 13.48

Competitive Comparison of Gala Precision Engineering's Return-on-Tangible-Asset

For the Specialty Industrial Machinery subindustry, Gala Precision Engineering'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.


Gala Precision Engineering's Return-on-Tangible-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gala Precision Engineering's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Gala Precision Engineering's Return-on-Tangible-Asset falls into.


;
;

Gala Precision Engineering Return-on-Tangible-Asset Calculation

Gala Precision Engineering'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 )
=268.42/( (1667.52+2967.93)/ 2 )
=268.42/2317.725
=11.58 %

Gala Precision Engineering'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 )
=400/( (0+2967.93)/ 1 )
=400/2967.93
=13.48 %

* 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.


Gala Precision Engineering  (NSE:GALAPREC) 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.


Gala Precision Engineering Return-on-Tangible-Asset Related Terms

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


Gala Precision Engineering Business Description

Traded in Other Exchanges
Address
Ghodbunder Road Majiwade, A-801, 8th Floor, Thane One DIL Complex, Thane West, Thane, MH, IND, 400610
Gala Precision Engineering Ltd is a precision component manufacturer of technical springs like disc & strip springs (DSS) including wedge lock washers; coil & spiral springs (CSS) and special fastening solutions (SFS) supplying to original equipment manufacturers (OEMs), Tier 1 and channel partners; used in sectors like renewable energy including wind turbine and hydropower plants, various industrial sectors such as electrical, off-highway equipments, infrastructure and general engineering, mobility segments such as automotive and railways.

Gala Precision Engineering Headlines

No Headlines