What is Mishra Dhatu Nigam 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. Mishra Dhatu Nigam's annualized net income for the quarter that ended in Mar. 2024 was ₹1,854 Mil. Mishra Dhatu Nigam's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹13,154 Mil. Therefore, Mishra Dhatu Nigam's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 14.09%.
The historical rank and industry rank for Mishra Dhatu Nigam's Return-on-Tangible-Equity or its related term are showing as below:
BOM:541195'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.04 Med: 17.02 Max: 20.65
Current: 7.04
During the past 12 years, Mishra Dhatu Nigam's highest Return-on-Tangible-Equity was 20.65%. The lowest was 7.04%. And the median was 17.02%.
BOM:541195's Return-on-Tangible-Equity is ranked better than 54.92% of 610
companies
in the Steel industry
Industry Median: 6.055
vs BOM:541195: 7.04
Mishra Dhatu Nigam Return-on-Tangible-Equity Historical Data
The historical data trend for Mishra Dhatu Nigam'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 Mishra Dhatu Nigam's Return-on-Tangible-Equity
For the Steel subindustry, Mishra Dhatu Nigam'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.
Mishra Dhatu Nigam's Return-on-Tangible-Equity Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Mishra Dhatu Nigam's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mishra Dhatu Nigam'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.
Mishra Dhatu Nigam Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Mishra Dhatu Nigam's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Mishra Dhatu Nigam (BOM:541195) Business Description
Mishra Dhatu Nigam Ltd is engaged in the business of manufacturing of superalloys, titanium, special purpose steel, and other special metals. The Company is in the business of manufacturing of super alloys and other special metals which constitutes as their single reportable segment. The firm's product offerings include superalloys, electrical and electronic alloys, armour products, moly products, and other related products. In addition, it provides testing, evaluation and consulting services.
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