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Ideal Technoplast Industries (NSE:IDEALTECHO) Return-on-Tangible-Asset : 7.03% (As of Sep. 2024)


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What is Ideal Technoplast 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. Ideal Technoplast Industries's annualized Net Income for the quarter that ended in Sep. 2024 was ₹21.2 Mil. Ideal Technoplast Industries's average total tangible assets for the quarter that ended in Sep. 2024 was ₹301.2 Mil. Therefore, Ideal Technoplast Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 7.03%.

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

NSE:IDEALTECHO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.2   Med: 3.26   Max: 7.58
Current: 3.52

During the past 3 years, Ideal Technoplast Industries's highest Return-on-Tangible-Asset was 7.58%. The lowest was 3.20%. And the median was 3.26%.

NSE:IDEALTECHO's Return-on-Tangible-Asset is ranked better than
53.47% of 404 companies
in the Packaging & Containers industry
Industry Median: 3.275 vs NSE:IDEALTECHO: 3.52

Ideal Technoplast Industries Return-on-Tangible-Asset Historical Data

The historical data trend for Ideal Technoplast 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.

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Ideal Technoplast Industries Return-on-Tangible-Asset Chart

Ideal Technoplast Industries Annual Data
Trend Mar21 Mar22 Mar23
Return-on-Tangible-Asset
3.26 3.20 7.58

Ideal Technoplast Industries Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Sep24
Return-on-Tangible-Asset - - - 18.20 7.03

Competitive Comparison of Ideal Technoplast Industries's Return-on-Tangible-Asset

For the Packaging & Containers subindustry, Ideal Technoplast 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.


Ideal Technoplast Industries's Return-on-Tangible-Asset Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ideal Technoplast Industries's Return-on-Tangible-Asset distribution charts can be found below:

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


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Ideal Technoplast Industries Return-on-Tangible-Asset Calculation

Ideal Technoplast Industries's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=5.062/( (35.678+97.8)/ 2 )
=5.062/66.739
=7.58 %

Ideal Technoplast Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Sep. 2023 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Sep. 2023 )(Q: Sep. 2024 )
=21.186/( (0+301.193)/ 1 )
=21.186/301.193
=7.03 %

* 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 (Sep. 2024) net income data.


Ideal Technoplast Industries  (NSE:IDEALTECHO) 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.


Ideal Technoplast Industries Return-on-Tangible-Asset Related Terms

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Ideal Technoplast Industries Business Description

Traded in Other Exchanges
N/A
Address
Plot No. 1 to 4 and 78 to 81, Block No. 572 & 572/B Madhav Industrial Estate, Village Olpad, Taluka Olpad, Surat, GJ, IND, 394540
Ideal Technoplast Industries Ltd is a manufacturer and supplier of rigid plastic packaging, with a presence in both domestic and international markets (indirectly through export houses and third parties. It provide industrial packaging solutions for sectors such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil.

Ideal Technoplast Industries Headlines

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