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ASYA Infosoft (BOM:511144) Return-on-Tangible-Equity : -1.69% (As of Dec. 2021)


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What is ASYA Infosoft 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. ASYA Infosoft's annualized net income for the quarter that ended in Dec. 2021 was ₹-8.0 Mil. ASYA Infosoft's average shareholder tangible equity for the quarter that ended in Dec. 2021 was ₹473.2 Mil. Therefore, ASYA Infosoft's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2021 was -1.69%.

The historical rank and industry rank for ASYA Infosoft's Return-on-Tangible-Equity or its related term are showing as below:

BOM:511144's Return-on-Tangible-Equity is not ranked *
in the Software industry.
Industry Median: 8.47
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

ASYA Infosoft Return-on-Tangible-Equity Historical Data

The historical data trend for ASYA Infosoft'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.

* Premium members only.

ASYA Infosoft Return-on-Tangible-Equity Chart

ASYA Infosoft Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.68 4.35 6.29 1.61 1.23

ASYA Infosoft Quarterly Data
Sep15 Dec15 Mar16 Jun16 Mar17 Jun17 Mar18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.47 -0.87 1.68 4.18 -1.69

Competitive Comparison of ASYA Infosoft's Return-on-Tangible-Equity

For the Information Technology Services subindustry, ASYA Infosoft'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.


ASYA Infosoft's Return-on-Tangible-Equity Distribution in the Software Industry

For the Software industry and Technology sector, ASYA Infosoft's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where ASYA Infosoft's Return-on-Tangible-Equity falls into.



ASYA Infosoft Return-on-Tangible-Equity Calculation

ASYA Infosoft's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2021 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2021 )  (A: Mar. 2020 )(A: Mar. 2021 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2021 )  (A: Mar. 2020 )(A: Mar. 2021 )
=1.752/( (144.93+139.179 )/ 2 )
=1.752/142.0545
=1.23 %

ASYA Infosoft's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2021 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2021 )  (Q: Sep. 2021 )(Q: Dec. 2021 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2021 )  (Q: Sep. 2021 )(Q: Dec. 2021 )
=-8/( (473.187+0)/ 1 )
=-8/473.187
=-1.69 %

* 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 (Dec. 2021) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


ASYA Infosoft  (BOM:511144) 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.


ASYA Infosoft Return-on-Tangible-Equity Related Terms

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ASYA Infosoft Business Description

Traded in Other Exchanges
N/A
Address
Stadium Five Roads, H. N. House, 4th Floor, Nidhi Complex, Above Stadium Underbridge, Navrangpura, Ahmedabad, GJ, IND, 380009
ASYA Infosoft Ltd is principally engaged in training and IT enables services. It offers strategy and technology implementation services to companies wanting to optimize or re-engineer their existing business. The firm uses N-tier architecture, web designing, and web development for image building of the company with multimedia animation. The group also offers network solutions and resource management services. The firm offers its services in Software Development, Business process outsourcing, Web Designing/Development, E-business solutions, Multimedia/Animation, Networking Solutions, and Resource Management.

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