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Spectrum Talent Management (NSE:SPECTSTM) Return-on-Tangible-Asset : 4.39% (As of Sep. 2024)


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What is Spectrum Talent Management 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. Spectrum Talent Management's annualized Net Income for the quarter that ended in Sep. 2024 was ₹93 Mil. Spectrum Talent Management's average total tangible assets for the quarter that ended in Sep. 2024 was ₹2,126 Mil. Therefore, Spectrum Talent Management's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 4.39%.

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

NSE:SPECTSTM' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.97   Med: 16.63   Max: 34.61
Current: 5.97

During the past 5 years, Spectrum Talent Management's highest Return-on-Tangible-Asset was 34.61%. The lowest was 5.97%. And the median was 16.63%.

NSE:SPECTSTM's Return-on-Tangible-Asset is ranked better than
62.45% of 1084 companies
in the Business Services industry
Industry Median: 3.725 vs NSE:SPECTSTM: 5.97

Spectrum Talent Management Return-on-Tangible-Asset Historical Data

The historical data trend for Spectrum Talent Management'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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Spectrum Talent Management Return-on-Tangible-Asset Chart

Spectrum Talent Management Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
16.63 10.97 28.00 34.61 7.83

Spectrum Talent Management Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Return-on-Tangible-Asset Get a 7-Day Free Trial 32.36 36.12 5.67 7.78 4.39

Competitive Comparison of Spectrum Talent Management's Return-on-Tangible-Asset

For the Staffing & Employment Services subindustry, Spectrum Talent Management'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.


Spectrum Talent Management's Return-on-Tangible-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Spectrum Talent Management's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Spectrum Talent Management's Return-on-Tangible-Asset falls into.


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Spectrum Talent Management Return-on-Tangible-Asset Calculation

Spectrum Talent Management'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 )
=115.9/( (960.39+2001.51)/ 2 )
=115.9/1480.95
=7.83 %

Spectrum Talent Management'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: Mar. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=93.3/( (2001.51+2250.87)/ 2 )
=93.3/2126.19
=4.39 %

* 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.


Spectrum Talent Management  (NSE:SPECTSTM) 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.


Spectrum Talent Management Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Spectrum Talent Management's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Spectrum Talent Management Business Description

Traded in Other Exchanges
N/A
Address
Sector - 63, Block C, Plot no. C-142, Noida, UP, IND, 201301
Spectrum Talent Management Ltd is a renowned human resource and staffing service provider. The company offers a wide array of services such as staffing, recruitment, apprenticeship, Payroll, Onboarding and flexible staffing. It satisfies the firm's staffing, and recruitment needs globally through this specialized rich knowledge. The company's business segment includes Manpower supply, Recruitment and related services, and Electronic goods. The company generates the majority of its revenue from the Manpower supply, Recruitment, and related services segment.

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