The historical rank and industry rank for Manaksia Coated Metals & Industries's Return-on-Tangible-Equity or its related term are showing as below:
BOM:539046'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.82 Med: 3.27 Max: 8.49
Current: 8.49
During the past 11 years, Manaksia Coated Metals & Industries's highest Return-on-Tangible-Equity was 8.49%. The lowest was -8.82%. And the median was 3.27%.
BOM:539046's Return-on-Tangible-Equity is ranked better than 54.03% of 2906
companies
in the Industrial Products industry
Industry Median: 7.54
vs BOM:539046: 8.49
Manaksia Coated Metals & Industries Return-on-Tangible-Equity Historical Data
* 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 Manaksia Coated Metals & Industries's Return-on-Tangible-Equity
For the Metal Fabrication subindustry, Manaksia Coated Metals & 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.
Manaksia Coated Metals & Industries's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Manaksia Coated Metals & Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Manaksia Coated Metals & Industries's Return-on-Tangible-Equity 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-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.
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.
Manaksia Coated Metals & Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Manaksia Coated Metals & Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Manaksia Coated Metals & Industries (BOM:539046) Business Description
Manaksia Coated Metals & Industries Ltd is engaged in the manufacturing of Mosquito Repellent Coils and value-added secondary metal products like Galvanised Corrugated Sheets, Galvanised Plain Sheets, Colour Coated (Pre-painted) Sheets. It operates in two segments including Metal Products; and others. The metal products segment, which is the key revenue driver, includes colour-coated (pre-painted) steel and aluminum sheets and coils. Geographically, it has operations in India as well as overseas. Its products are Colour Coated Metal Sheets & Coils, Galvanised Steel Sheets & Coils, Mosquito Repellent Coils, Ultramarine Blue Powder, and Agro Products. It sells products under brands such as Color Strong, Zingalvo, Singham, and Brochures.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BOM:539046 has been successfully added to your 