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Ashoka India Equity Investment Trust (CHIX:AIEL) Return-on-Tangible-Equity : 11.26% (As of Dec. 2024)


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What is Ashoka India Equity Investment Trust 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. Ashoka India Equity Investment Trust's annualized net income for the quarter that ended in Dec. 2024 was £51.8 Mil. Ashoka India Equity Investment Trust's average shareholder tangible equity for the quarter that ended in Dec. 2024 was £459.8 Mil. Therefore, Ashoka India Equity Investment Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was 11.26%.

The historical rank and industry rank for Ashoka India Equity Investment Trust's Return-on-Tangible-Equity or its related term are showing as below:

CHIX:AIEl' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.43   Med: 16.47   Max: 38.98
Current: 20.79

During the past 6 years, Ashoka India Equity Investment Trust's highest Return-on-Tangible-Equity was 38.98%. The lowest was -5.43%. And the median was 16.47%.

CHIX:AIEl's Return-on-Tangible-Equity is ranked better than
82.48% of 1632 companies
in the Asset Management industry
Industry Median: 7.415 vs CHIX:AIEl: 20.79

Ashoka India Equity Investment Trust Return-on-Tangible-Equity Historical Data

The historical data trend for Ashoka India Equity Investment Trust'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.

Ashoka India Equity Investment Trust Return-on-Tangible-Equity Chart

Ashoka India Equity Investment Trust Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Return-on-Tangible-Equity
Get a 7-Day Free Trial -5.43 38.98 5.69 16.47 28.94

Ashoka India Equity Investment Trust Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.05 14.62 28.75 31.91 11.26

Competitive Comparison of Ashoka India Equity Investment Trust's Return-on-Tangible-Equity

For the Asset Management subindustry, Ashoka India Equity Investment Trust'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.


Ashoka India Equity Investment Trust's Return-on-Tangible-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ashoka India Equity Investment Trust's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Ashoka India Equity Investment Trust's Return-on-Tangible-Equity falls into.


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Ashoka India Equity Investment Trust Return-on-Tangible-Equity Calculation

Ashoka India Equity Investment Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=96.653/( (232.551+435.439 )/ 2 )
=96.653/333.995
=28.94 %

Ashoka India Equity Investment Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=51.766/( (435.439+484.24)/ 2 )
=51.766/459.8395
=11.26 %

* 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 (Dec. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Ashoka India Equity Investment Trust  (CHIX:AIEl) 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.


Ashoka India Equity Investment Trust Return-on-Tangible-Equity Related Terms

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Ashoka India Equity Investment Trust Business Description

Traded in Other Exchanges
Address
46-48 James Street, London, GBR, W1U 1EZ
Ashoka India Equity Investment Trust PLC is an asset management company. The principal activities of the company are to invest in securities listed on stock exchanges in India and listed securities of companies with a presence in India.

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