What is Quick Heal Technologies 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. Quick Heal Technologies's annualized net income for the quarter that ended in Mar. 2024 was ₹562 Mil. Quick Heal Technologies's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹4,355 Mil. Therefore, Quick Heal Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 12.90%.
The historical rank and industry rank for Quick Heal Technologies's Return-on-Tangible-Equity or its related term are showing as below:
BOM:539678'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.23 Med: 11.92 Max: 15.5
Current: 5.83
During the past 10 years, Quick Heal Technologies's highest Return-on-Tangible-Equity was 15.50%. The lowest was 1.23%. And the median was 11.92%.
BOM:539678's Return-on-Tangible-Equity is ranked worse than 54.32% of 2373
companies
in the Software industry
Industry Median: 7.97
vs BOM:539678: 5.83
Quick Heal Technologies Return-on-Tangible-Equity Historical Data
The historical data trend for Quick Heal Technologies'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 Quick Heal Technologies's Return-on-Tangible-Equity
For the Software - Application subindustry, Quick Heal Technologies'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.
Quick Heal Technologies's Return-on-Tangible-Equity Distribution in the Software Industry
For the Software industry and Technology sector, Quick Heal Technologies's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Quick Heal Technologies'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.
Quick Heal Technologies Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Quick Heal Technologies's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Quick Heal Technologies (BOM:539678) Business Description
Quick Heal Technologies Ltd is an India-based IT security solutions company. It is engaged in offering software security products and solutions. The company serves clients in various industries including manufacturing, BFSI, healthcare, hospitality, educational institutions, government organizations, emerging e-commerce, and the service sector. The group reports the operating segments based on the target customer groups to bring Retail; Enterprise and Government; and Mobile. It has a business presence in India and foreign countries, of which maximum revenue is derived within India. Its product range consists of Quick Heal Total Security, Quick Heal Internet Security, Quick Heal AntiVirus Pro, Quick Heal Total Security for Mac, Quick Heal PCTuner 3.0, and Guardian NetSecure.
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