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MKP Mobility (BOM:521244) Return-on-Tangible-Equity : 38.71% (As of Mar. 2024)


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What is MKP Mobility 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. MKP Mobility's annualized net income for the quarter that ended in Mar. 2024 was ₹24.4 Mil. MKP Mobility's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹62.9 Mil. Therefore, MKP Mobility's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 38.71%.

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

BOM:521244' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.4   Med: -6.31   Max: 19.94
Current: 19.94

During the past 13 years, MKP Mobility's highest Return-on-Tangible-Equity was 19.94%. The lowest was -8.40%. And the median was -6.31%.

BOM:521244's Return-on-Tangible-Equity is ranked better than
80.37% of 1248 companies
in the Vehicles & Parts industry
Industry Median: 8.605 vs BOM:521244: 19.94

MKP Mobility Return-on-Tangible-Equity Historical Data

The historical data trend for MKP Mobility'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.

MKP Mobility Return-on-Tangible-Equity Chart

MKP Mobility Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.92 -7.20 -7.56 -8.40 19.82

MKP Mobility Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -8.16 28.79 6.99 4.02 38.71

Competitive Comparison of MKP Mobility's Return-on-Tangible-Equity

For the Auto Parts subindustry, MKP Mobility'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.


MKP Mobility's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MKP Mobility's Return-on-Tangible-Equity distribution charts can be found below:

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



MKP Mobility Return-on-Tangible-Equity Calculation

MKP Mobility's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=11.357/( (51.636+62.944 )/ 2 )
=11.357/57.29
=19.82 %

MKP Mobility's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=24.364/( (0+62.944)/ 1 )
=24.364/62.944
=38.71 %

* 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.


MKP Mobility  (BOM:521244) 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.


MKP Mobility Return-on-Tangible-Equity Related Terms

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


MKP Mobility (BOM:521244) Business Description

Traded in Other Exchanges
N/A
Address
P.B. No. 9, Bangalore Roadchallekere, Siddapura Village, Challekere, Chitradurga, KA, IND, 577522
MKP Mobility Ltd is involved into the business of distribution and exports- automotive parts, industrial products, mechanical and electronic components, auto care products. lubricants, tyres, batteries, refurbished parts The Company primarily operates in the Distribution of Automobile spare parts and lubricants which is also its single reportable segment. Its business activities include: purchase and sales- 2wheelers, 3 wheelers and cars and commercial vehicles; provide services relating to warehousing and logistics; manufacturing, producing and assembling packaging and operate workshops for repairing, servicing all types of automotive vehicles, industrial equipment, construction equipment.

MKP Mobility (BOM:521244) Headlines

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