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United Heat TransferNSE:UHTL +1.95%16 Return-on-Tangible-Asset is 1.89% as of Sep. 2025, which is 63% below its 10-year median of 5.04. GuruFocus rates NSE:UHTL with a GF Score™ of 16/100. The stock has 2 warning signs investors should review. Among 3,073 Industrial Products companies, United Heat Transfer ranks better than 51.61% on this metric.
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. United Heat Transfer's annualizedNet Income for the quarter that ended in Sep. 2025 was ₹16.7 Mil. United Heat Transfer's average total tangible assets for the quarter that ended in Sep. 2025 was ₹885.6 Mil. Therefore, United Heat Transfer's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2025 was 1.89%.
The historical rank and industry rank for United Heat Transfer's Return-on-Tangible-Asset or its related term are showing as below:
NSE:UHTL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.44 Med: 5.04 Max: 9.26
Current: 3.48
During the past 4 years, United Heat Transfer's highest Return-on-Tangible-Asset was 9.26%. The lowest was 2.44%. And the median was 5.04%.
NSE:UHTL's Return-on-Tangible-Asset is ranked better than 51.61% of 3073
companies
in the Industrial Products industry
Industry Median: 3.26
vs NSE:UHTL: 3.48
United Heat Transfer (NSE:UHTL) 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 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.
United Heat Transfer Return-on-Tangible-Asset Related Terms
United Heat Transfer Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for United Heat Transfer'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.
United Heat Transfer Return-on-Tangible-Asset Chart
NSE:UHTL vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, United Heat Transfer'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.
United Heat Transfer Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, United Heat Transfer's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where United Heat Transfer'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 two times the semi-annual (Sep. 2025) net income data.
What does a Return-on-Tangible-Asset of 1.89% mean?
United Heat Transfer (NSE:UHTL) has a Return-on-Tangible-Asset of 1.89% as of Sep. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on United Heat Transfer and its competitors. This is 63% below median its historical median of 5.04. Over the past decade, United Heat Transfer's Return-on-Tangible-Asset has ranged from 2.44 to 9.26. According to the industry distribution chart, United Heat Transfer ranks #1487 out of 3073 companies in the Industrial Products industry, placing it in the top 48.4%.
Is United Heat Transfer's Return-on-Tangible-Asset too high?
United Heat Transfer's current Return-on-Tangible-Asset of 1.89% is 63% below median its 10-year median of 5.04. Over the past 10 years, this metric has ranged from a low of 2.44 to a high of 9.26. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. United Heat Transfer's value of 1.89% is 42% below this industry median. Based on the distribution chart, United Heat Transfer ranks #1487 out of 3073 companies in the Industrial Products industry, which is above the industry midpoint. Overall, United Heat Transfer has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does United Heat Transfer's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, United Heat Transfer ranks #1487 out of 3073 companies for Return-on-Tangible-Asset. This puts United Heat Transfer in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.26. United Heat Transfer's value of 1.89% is 42% below this benchmark. Historically, United Heat Transfer's own Return-on-Tangible-Asset has ranged from 2.44 to 9.26 over the past decade. While the company's 10-year median is 5.04 vs. the industry median of 3.26, United Heat Transfer has consistently been below the industry average. 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 Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,073 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. United Heat Transfer's current Return-on-Tangible-Asset of 1.89% is 42% below 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 United Heat Transfer and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Heat Transfer's current Return-on-Tangible-Asset is 1.89%, which is 63% below median its own 10-year median of 5.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Heat Transfer stock overvalued right now?
United Heat Transfer (NSE:UHTL) has a current Return-on-Tangible-Asset of 1.89%. The current Return-on-Tangible-Asset is 1.89%, which is 63% below median its 10-year median of 5.04 and 42% below the Industrial Products industry median of 3.26. United Heat Transfer's overall GF Score™ is 16/100 with 2 warning signs 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 United Heat Transfer (NSE:UHTL), the current Return-on-Tangible-Asset is 1.89% as of Sep. 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.
United Heat Transfer Ltd is engaged in the manufacture of a range of shell and tube heat exchangers, air cooled heat exchangers, pressure vessels and process flow skids equipment's which are used as critical equipment's for petrol and diesel engines, railway engines, maritime engines, cruse and cargo ships, ferries, pleasure boats, marine diesels, mining trucks, megayachts, heavy engines, fishing boats, heavy trucks, freighters, trawlers, heavy haulages, power gen sets, super tankers, off highway engines etc.
16GF Score
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