GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gretex Industries Ltd (NSE:GRETEX) » Definitions » Return-on-Tangible-Asset

Gretex Industries (NSE:GRETEX) Return-on-Tangible-Asset : 0.00% (As of Mar. 2024)


View and export this data going back to 2016. Start your Free Trial

What is Gretex Industries 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. Gretex Industries's annualized Net Income for the quarter that ended in Mar. 2024 was ₹0.0 Mil. Gretex Industries's average total tangible assets for the quarter that ended in Mar. 2024 was ₹209.6 Mil. Therefore, Gretex Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 0.00%.

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

NSE:GRETEX' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -23.76   Med: 1.19   Max: 47.46
Current: 47.46

During the past 9 years, Gretex Industries's highest Return-on-Tangible-Asset was 47.46%. The lowest was -23.76%. And the median was 1.19%.

NSE:GRETEX's Return-on-Tangible-Asset is ranked better than
98.69% of 838 companies
in the Travel & Leisure industry
Industry Median: 2.265 vs NSE:GRETEX: 47.46

Gretex Industries Return-on-Tangible-Asset Historical Data

The historical data trend for Gretex Industries'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.

Gretex Industries Return-on-Tangible-Asset Chart

Gretex Industries Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only -4.23 -6.57 10.38 7.73 47.46

Gretex Industries Semi-Annual Data
Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Mar23 Mar24
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 17.53 8.13 14.60 - -

Competitive Comparison of Gretex Industries's Return-on-Tangible-Asset

For the Leisure subindustry, Gretex Industries'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.


Gretex Industries's Return-on-Tangible-Asset Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Gretex Industries's Return-on-Tangible-Asset distribution charts can be found below:

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


;
;

Gretex Industries Return-on-Tangible-Asset Calculation

Gretex Industries'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 )
=99.495/( (106.744+312.496)/ 2 )
=99.495/209.62
=47.46 %

Gretex Industries'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 )
=0/( (106.744+312.496)/ 2 )
=0/209.62
=0.00 %

* 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.


Gretex Industries  (NSE:GRETEX) 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.


Gretex Industries Return-on-Tangible-Asset Related Terms

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


Gretex Industries Business Description

Traded in Other Exchanges
N/A
Address
90, Phears Lane, 5th Floor, Kolkata, WB, IND, 700 012
Gretex Industries Ltd is engaged in the trading of musical instruments. The company's range of musical instruments includes; guitars, keyboards, piano, flute, violins, drums, and other percussion instruments. It also deals in equipment like microphones, headphones, amplifiers, studio monitor speakers, loudspeakers, mixers, and all types of accessories for pro audio and recording. The company is a distributor of brands like Yamaha, Daddario, Harman and Sennheiser, Alphatech, and among others.

Gretex Industries Headlines

No Headlines