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Global Health (BOM:543654) Return-on-Tangible-Equity : 17.55% (As of Mar. 2024)


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What is Global Health 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. Global Health's annualized net income for the quarter that ended in Mar. 2024 was ₹5,090 Mil. Global Health's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹29,001 Mil. Therefore, Global Health's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 17.55%.

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

BOM:543654' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.12   Med: 13.15   Max: 17.99
Current: 17.99

During the past 5 years, Global Health's highest Return-on-Tangible-Equity was 17.99%. The lowest was 2.12%. And the median was 13.15%.

BOM:543654's Return-on-Tangible-Equity is ranked better than
67.84% of 541 companies
in the Healthcare Providers & Services industry
Industry Median: 10.32 vs BOM:543654: 17.99

Global Health Return-on-Tangible-Equity Historical Data

The historical data trend for Global Health'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.

Global Health Return-on-Tangible-Equity Chart

Global Health Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Equity
2.71 2.12 13.15 16.17 17.96

Global Health Quarterly Data
Mar20 Mar21 Jun21 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 16.69 16.84 18.89 18.66 17.55

Competitive Comparison of Global Health's Return-on-Tangible-Equity

For the Medical Care Facilities subindustry, Global Health'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.


Global Health's Return-on-Tangible-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Global Health's Return-on-Tangible-Equity distribution charts can be found below:

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



Global Health Return-on-Tangible-Equity Calculation

Global Health'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 )
=4780.6/( (24230.405+29000.84 )/ 2 )
=4780.6/26615.6225
=17.96 %

Global Health'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 )
=5089.928/( (0+29000.84)/ 1 )
=5089.928/29000.84
=17.55 %

* 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.


Global Health  (BOM:543654) 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.


Global Health Return-on-Tangible-Equity Related Terms

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


Global Health (BOM:543654) Business Description

Traded in Other Exchanges
Address
E - 18, Medanta - The Medicity, Defence Colony, New Delhi, IND, 110024
Global Health Ltd operates as a private multi-specialty tertiary care provider operating in the North and East regions of India, with key specialties of cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopedics, liver transplant, and kidney and urology. Under the Medanta brand, it has a network of hospitals in operation (Gurugram, Indore, Ranchi, and Lucknow), a hospital that is under construction with an operational outpatient facility (Patna), and a hospital (Noida) planned for development. The Group operates Healthcare services as a single business segment in India, constituting a single geographical segment.

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