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Mandeep Auto Industries (NSE:MANDEEP) Return-on-Tangible-Asset : 6.43% (As of Mar. 2023)


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What is Mandeep Auto 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. Mandeep Auto Industries's annualized Net Income for the quarter that ended in Mar. 2023 was ₹10.5 Mil. Mandeep Auto Industries's average total tangible assets for the quarter that ended in Mar. 2023 was ₹163.0 Mil. Therefore, Mandeep Auto Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2023 was 6.43%.

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

NSE:MANDEEP's Return-on-Tangible-Asset is not ranked *
in the Vehicles & Parts industry.
Industry Median: 3.06
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Mandeep Auto Industries Return-on-Tangible-Asset Historical Data

The historical data trend for Mandeep Auto 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.

Mandeep Auto Industries Return-on-Tangible-Asset Chart

Mandeep Auto Industries Annual Data
Trend Mar21 Mar22 Mar23
Return-on-Tangible-Asset
4.74 5.51 6.43

Mandeep Auto Industries Semi-Annual Data
Mar21 Mar22 Mar23
Return-on-Tangible-Asset 4.74 5.51 6.43

Competitive Comparison of Mandeep Auto Industries's Return-on-Tangible-Asset

For the Auto Parts subindustry, Mandeep Auto 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.


Mandeep Auto Industries's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mandeep Auto Industries's Return-on-Tangible-Asset distribution charts can be found below:

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


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Mandeep Auto Industries Return-on-Tangible-Asset Calculation

Mandeep Auto 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 )
=10.491/( (129.781+196.315)/ 2 )
=10.491/163.048
=6.43 %

Mandeep Auto Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2023 )  (Q: Mar. 2022 )(Q: Mar. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2023 )  (Q: Mar. 2022 )(Q: Mar. 2023 )
=10.491/( (129.781+196.315)/ 2 )
=10.491/163.048
=6.43 %

* 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 one times the annual (Mar. 2023) net income data.


Mandeep Auto Industries  (NSE:MANDEEP) 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.


Mandeep Auto Industries Return-on-Tangible-Asset Related Terms

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Mandeep Auto Industries Business Description

Traded in Other Exchanges
N/A
Address
30 Feet Road, Plot No 26, Sector 53, Sarurpur Industrial Area, Nangla Gujran, Faridabad, HR, IND, 121001
Mandeep Auto Industries Ltd is engaged in the business of manufacturing and supplying sheet metal components, auto parts, and all types of sprocket gears and machined components. The products of the company are used in various industries such as tractors, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, etc.

Mandeep Auto Industries Headlines

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