What is Prime Securities Return-on-Tangible-Equity?
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Prime Securities's annualized net income for the quarter that ended in Mar. 2024 was ₹66.0 Mil. Prime Securities's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹1,574.8 Mil. Therefore, Prime Securities's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 4.19%.
The historical rank and industry rank for Prime Securities's Return-on-Tangible-Equity or its related term are showing as below:
BOM:500337'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -42.09 Med: 18.03 Max: 391.33
Current: 13.25
During the past 13 years, Prime Securities's highest Return-on-Tangible-Equity was 391.33%. The lowest was -42.09%. And the median was 18.03%.
BOM:500337's Return-on-Tangible-Equity is ranked better than 68.31% of 770
companies
in the Capital Markets industry
Industry Median: 5.79
vs BOM:500337: 13.25
Prime Securities Return-on-Tangible-Equity Historical Data
The historical data trend for Prime Securities's Return-on-Tangible-Equity 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.
Competitive Comparison of Prime Securities's Return-on-Tangible-Equity
For the Capital Markets subindustry, Prime Securities's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Prime Securities's Return-on-Tangible-Equity Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Prime Securities's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Prime Securities's Return-on-Tangible-Equity falls into.
Prime Securities Return-on-Tangible-Equity Calculation
Prime Securities's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 is calculated as
* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Prime Securities (BOM:500337) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Prime Securities Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Prime Securities's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Prime Securities (BOM:500337) Business Description
Prime Securities Ltd is engaged in the provision of investment banking and corporate advisory services. The business activity of the group is operated through - Financial Advisory & Intermediation services and Brokerage from Mutual Fund distribution. The company is in providing value-added advice and services to clients on complex strategic and financial decisions and transactions focused on fundraising, mergers and acquisitions, equity and debt private placements, initial public offerings, corporate advisory, and capital restructuring. The company's business segment is providing merchant banking and advisory services. Geographically, all the activities function throughout the region of India.
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