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. Senco Gold's annualized net income for the quarter that ended in Mar. 2024 was ₹2,828 Mil. Senco Gold's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹12,976 Mil. Therefore, Senco Gold's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 21.79%.
The historical rank and industry rank for Senco Gold's Return-on-Tangible-Equity or its related term are showing as below:
BOM:543936'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.43 Med: 16.46 Max: 20.24
Current: 15.35
During the past 11 years, Senco Gold's highest Return-on-Tangible-Equity was 20.24%. The lowest was 5.43%. And the median was 16.46%.
BOM:543936's Return-on-Tangible-Equity is ranked better than 68.45% of 1049
companies
in the Retail - Cyclical industry
Industry Median: 7.54
vs BOM:543936: 15.35
Senco Gold Return-on-Tangible-Equity Historical Data
The historical data trend for Senco Gold'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 Senco Gold's Return-on-Tangible-Equity
For the Luxury Goods subindustry, Senco Gold'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.
Senco Gold's Return-on-Tangible-Equity Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Senco Gold's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Senco Gold's Return-on-Tangible-Equity falls into.
Senco Gold Return-on-Tangible-Equity Calculation
Senco Gold's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 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 two times the semi-annual (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.
Senco Gold Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Senco Gold's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Senco Gold Ltd is a pan-India jewellery retail company with a history of more than five decades and has a fourth-generation entrepreneur in the jewellery industry as its Promoter. The company primarily sell gold and diamond jewellery and also sell jewellery made of silver, platinum and precious and semi-precious stones and other metals. Its other offerings also include costume jewellery, gold and silver coins and utensils made of silver. Its products are sold under the Senco Gold & Diamonds tradename, through multiple channels, including its 75 Company Operated Showrooms and 61 Franchisee Showrooms and various online platforms, including its website.
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