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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. Milton Industries's annualizedNet Income for the quarter that ended in Mar. 2024 was ₹31.9 Mil. Milton Industries's average total tangible assets for the quarter that ended in Mar. 2024 was ₹736.2 Mil. Therefore, Milton Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 4.33%.
The historical rank and industry rank for Milton Industries's Return-on-Tangible-Asset or its related term are showing as below:
NSE:MILTON's Return-on-Tangible-Asset is not ranked *
in the Forest Products industry.
Industry Median: 1.11 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
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.
Milton Industries Return-on-Tangible-Asset Related Terms
Milton Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Milton 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.
NSE:MILTON vs SSD, UFPI, BCC: Return-on-Tangible-Asset Comparison
For the Lumber & Wood Production subindustry, Milton 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.
Milton Industries Return-on-Tangible-Asset vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Milton Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Milton Industries's Return-on-Tangible-Asset falls into.
* 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. 2024) net income data.
What does a Return-on-Tangible-Asset of 4.33% mean?
Milton Industries (NSE:MILTON) has a Return-on-Tangible-Asset of 4.33% as of Mar. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Milton Industries and its competitors.
Is Milton Industries' Return-on-Tangible-Asset too high?
Milton Industries' current Return-on-Tangible-Asset is 4.33%. The Forest Products industry median Return-on-Tangible-Asset is 1.11. Milton Industries' value of 4.33% is 290.1% above this industry median. Overall, Milton Industries has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Milton Industries' Return-on-Tangible-Asset compare to SSD and UFPI?
Milton Industries' Return-on-Tangible-Asset of 4.33% can be compared against companies in the Forest Products industry. The industry median Return-on-Tangible-Asset is 1.11. Milton Industries' value of 4.33% is 290.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Forest Products company?
The median Return-on-Tangible-Asset among Forest Products companies is 1.11, based on 287 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Milton Industries's current Return-on-Tangible-Asset of 4.33% is 290.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Milton Industries and its competitors. For the Forest Products industry, the median Return-on-Tangible-Asset is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Milton Industries's current Return-on-Tangible-Asset is 4.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Milton Industries stock overvalued right now?
Milton Industries (NSE:MILTON) has a current Return-on-Tangible-Asset of 4.33%. The current Return-on-Tangible-Asset is 4.33% and 290.1% above the Forest Products industry median of 1.11. Milton Industries' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Milton Industries (NSE:MILTON), the current Return-on-Tangible-Asset is 4.33% as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Milton Industries Ltd is engaged in the manufacturing of laminated sheets and other allied products. The firm produces artificial leather cloth and glass fiber reinforced epoxy (GFRE) sheets. It also manufactures, exports high-pressure laminates, industrial laminates, laminated boards, flooring laminates, artificial leather cloth, and other products. The business operates in three segments: Laminate, Rexine, and GFRE, of which the majority of the revenue comes from the GFRE division. The company's products are applicable on walls, doors, windows, cupboards, tabletops, hotels, cash counters and home kitchens. The majority of the revenue comes from the Indian market.
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