What is Ice Make Refrigeration 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. Ice Make Refrigeration's annualizedNet Income for the quarter that ended in Mar. 2024 was ₹572 Mil. Ice Make Refrigeration's average total tangible assets for the quarter that ended in Mar. 2024 was ₹2,099 Mil. Therefore, Ice Make Refrigeration's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 27.26%.
The historical rank and industry rank for Ice Make Refrigeration's Return-on-Tangible-Asset or its related term are showing as below:
NSE:ICEMAKE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.03 Med: 8.22 Max: 14.81
Current: 14.3
During the past 12 years, Ice Make Refrigeration's highest Return-on-Tangible-Asset was 14.81%. The lowest was 3.03%. And the median was 8.22%.
NSE:ICEMAKE's Return-on-Tangible-Asset is ranked better than 93.04% of 3019
companies
in the Industrial Products industry
Industry Median: 3.77
vs NSE:ICEMAKE: 14.30
Ice Make Refrigeration Return-on-Tangible-Asset Historical Data
The historical data trend for Ice Make Refrigeration'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.
Ice Make Refrigeration Return-on-Tangible-Asset Chart
Competitive Comparison of Ice Make Refrigeration's Return-on-Tangible-Asset
For the Specialty Industrial Machinery subindustry, Ice Make Refrigeration'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.
Ice Make Refrigeration's Return-on-Tangible-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ice Make Refrigeration's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ice Make Refrigeration's Return-on-Tangible-Asset falls into.
Ice Make Refrigeration Return-on-Tangible-Asset Calculation
Ice Make Refrigeration's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2024 is calculated as:
* 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. 2024) net income data.
Ice Make Refrigeration (NSE:ICEMAKE) 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.
Ice Make Refrigeration Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Ice Make Refrigeration's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Ice Make Refrigeration (NSE:ICEMAKE) Business Description
Ice Make Refrigeration Ltd is a refrigeration equipment manufacturer, engaged in providing cooling solutions. The company's only operating segment being the Manufacturing of Cold Rooms, Freezer, Refrigeration Systems, and chilling Plant. It serves dairy, ice cream, food processing, agriculture, pharmaceuticals, cold chain, logistics, hospitals, hospitality, retail, and other industries. The company's product offering includes Bulk Milk Chiller, Curd Incubation Chamber, Glass Door Display Chiller, Mortuary Chamber, Refrigerated Container, and other related products.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NSE:ICEMAKE has been successfully added to your 