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The historical rank and industry rank for Turtlemint Fintech Solutions's Return-on-Tangible-Asset or its related term are showing as below:
NSE:TURTLEMINT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -34.77 Med: -32.2 Max: -25.25
Current: -34.77
During the past 3 years, Turtlemint Fintech Solutions's highest Return-on-Tangible-Asset was -25.25%. The lowest was -34.77%. And the median was -32.20%.
NSE:TURTLEMINT's Return-on-Tangible-Asset is ranked worse than 99.21% of 509
companies
in the Insurance industry
Industry Median: 2.76
vs NSE:TURTLEMINT: -34.77
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.
Turtlemint Fintech Solutions Return-on-Tangible-Asset Related Terms
Turtlemint Fintech Solutions Return-on-Tangible-Asset Historical Data
* 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:TURTLEMINT vs MRSH, AON, AJG: Return-on-Tangible-Asset Comparison
For the Insurance Brokers subindustry, Turtlemint Fintech Solutions'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.
Turtlemint Fintech Solutions Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Turtlemint Fintech Solutions's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Turtlemint Fintech Solutions'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. 2025) net income data.
What does a Return-on-Tangible-Asset of -34.77% mean?
Turtlemint Fintech Solutions (NSE:TURTLEMINT) has a Return-on-Tangible-Asset of -34.77% as of Mar. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Turtlemint Fintech Solutions and its competitors. According to the industry distribution chart, Turtlemint Fintech Solutions ranks #505 out of 509 companies in the Insurance industry, placing it in the top 99.2%.
Is Turtlemint Fintech Solutions' Return-on-Tangible-Asset too high?
Turtlemint Fintech Solutions' current Return-on-Tangible-Asset is -34.77%. Based on the distribution chart, Turtlemint Fintech Solutions ranks #505 out of 509 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Turtlemint Fintech Solutions has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Turtlemint Fintech Solutions' Return-on-Tangible-Asset compare to MRSH and AON?
According to the Insurance industry distribution chart, Turtlemint Fintech Solutions ranks #505 out of 509 companies for Return-on-Tangible-Asset. This places Turtlemint Fintech Solutions in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.76. 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 an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.76, based on 509 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. 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 Turtlemint Fintech Solutions and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turtlemint Fintech Solutions's current Return-on-Tangible-Asset is -34.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turtlemint Fintech Solutions stock overvalued right now?
Turtlemint Fintech Solutions (NSE:TURTLEMINT) has a current Return-on-Tangible-Asset of -34.77%. The current Return-on-Tangible-Asset is -34.77%. Turtlemint Fintech Solutions' overall GF Score™ is 8/100 with 1 warning sign to review. 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 Turtlemint Fintech Solutions (NSE:TURTLEMINT), the current Return-on-Tangible-Asset is -34.77% as of Mar. 2025. 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.
Turtlemint Fintech Solutions Ltd is engaged in the business of providing information technology and business support services, advertising and marketing services and distribution of mutual funds. It also provides insurance broking services for retail insurance products such as motor, health, and life insurance. The company owns the TurtlemintPro application, which is used to facilitate the promotion of its services. It derives the majority of its revenue from general insurance companies, arising from the sale of motor insurance products.
8GF Score
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