What is A I Champdany Industries 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. A I Champdany Industries's annualized net income for the quarter that ended in Dec. 2023 was ₹298.0 Mil. A I Champdany Industries's average shareholder tangible equity for the quarter that ended in Dec. 2023 was ₹719.1 Mil. Therefore, A I Champdany Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 41.44%.
The historical rank and industry rank for A I Champdany Industries's Return-on-Tangible-Equity or its related term are showing as below:
BOM:532806'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -23.74 Med: -2.16 Max: 31.16
Current: 31.16
During the past 13 years, A I Champdany Industries's highest Return-on-Tangible-Equity was 31.16%. The lowest was -23.74%. And the median was -2.16%.
BOM:532806's Return-on-Tangible-Equity is ranked better than 91.19% of 1010
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.675
vs BOM:532806: 31.16
A I Champdany Industries Return-on-Tangible-Equity Historical Data
The historical data trend for A I Champdany Industries'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.
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A I Champdany Industries Return-on-Tangible-Equity Chart
Competitive Comparison of A I Champdany Industries's Return-on-Tangible-Equity
For the Textile Manufacturing subindustry, A I Champdany Industries'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.
A I Champdany Industries's Return-on-Tangible-Equity Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, A I Champdany Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where A I Champdany Industries's Return-on-Tangible-Equity falls into.
A I Champdany Industries Return-on-Tangible-Equity Calculation
A I Champdany Industries's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
A I Champdany Industries (BOM:532806) 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.
A I Champdany Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of A I Champdany Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
A I Champdany Industries (BOM:532806) Business Description
A I Champdany Industries Ltd is an Indian Jute manufacturing company. The firm manufactures jute products, such as jute yarn, blended yarn made of jute blended with other fibers, such as cotton, ramie, viscose, poly propylene, flax and wool among others. It also manufactures special food-grade jute bags, jute blended carpets and fabrics for soft luggage/shoe uppers/wearing apparel for export markets. It operates in two business segments, which includes Jute/Jute diversified Products and Services and Flax Products. Substantial revenue accrues from the Jute and Jute diversified product sales. It exports products overseas and generates maximum revenue from domestic sales.
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