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Jubilant Industries (NSE:JUBLINDS) Return-on-Tangible-Asset : 13.90% (As of Jun. 2024)


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What is Jubilant 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. Jubilant Industries's annualized Net Income for the quarter that ended in Jun. 2024 was ₹1,033 Mil. Jubilant Industries's average total tangible assets for the quarter that ended in Jun. 2024 was ₹7,431 Mil. Therefore, Jubilant Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 13.90%.

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

NSE:JUBLINDS' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -21.02   Med: -0.58   Max: 9.65
Current: 4.68

During the past 13 years, Jubilant Industries's highest Return-on-Tangible-Asset was 9.65%. The lowest was -21.02%. And the median was -0.58%.

NSE:JUBLINDS's Return-on-Tangible-Asset is ranked better than
62.41% of 1559 companies
in the Chemicals industry
Industry Median: 2.98 vs NSE:JUBLINDS: 4.68

Jubilant Industries Return-on-Tangible-Asset Historical Data

The historical data trend for Jubilant 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.

Jubilant Industries Return-on-Tangible-Asset Chart

Jubilant Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.13 -2.17 9.65 9.12 3.95

Jubilant Industries Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.08 4.76 -12.77 11.85 13.90

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

For the Specialty Chemicals subindustry, Jubilant 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.


Jubilant Industries's Return-on-Tangible-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jubilant Industries's Return-on-Tangible-Asset distribution charts can be found below:

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



Jubilant Industries Return-on-Tangible-Asset Calculation

Jubilant 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 )
=281.35/( (6799.03+7430.68)/ 2 )
=281.35/7114.855
=3.95 %

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=1032.8/( (7430.68+0)/ 1 )
=1032.8/7430.68
=13.90 %

* 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 (Jun. 2024) net income data.


Jubilant Industries  (NSE:JUBLINDS) 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.


Jubilant Industries Return-on-Tangible-Asset Related Terms

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Jubilant Industries Business Description

Traded in Other Exchanges
N/A
Address
1A, Sector 16A, Noida, UP, IND, 201 301
Jubilant Industries Ltd is engaged in the manufacturing and sale of Agri, industrial polymers, and consumer products. Its product portfolio includes Crop Nutrition, Crop Growth Regulator and Crop Protection, Vinyl pyridine latex, Adhesives, Wood finishes, Speciality polymers, and food polymers. The company's operating segment include Performance Polymers, P&K Fertilizers and Agri Nutrients. It generates maximum revenue from the Performance Polymers segment. Performance Polymers segment includes Adhesives and Wood Finishes, Food Polymer (Solid PVA) and Latex.

Jubilant Industries Headlines

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