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Hayleys Fabric (COL:MGT.N0000) Return-on-Tangible-Equity : 35.35% (As of Sep. 2024)


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What is Hayleys Fabric 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. Hayleys Fabric's annualized net income for the quarter that ended in Sep. 2024 was රු2,606 Mil. Hayleys Fabric's average shareholder tangible equity for the quarter that ended in Sep. 2024 was රු7,370 Mil. Therefore, Hayleys Fabric's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was 35.35%.

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

COL:MGT.N0000' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.03   Med: 7.09   Max: 71.18
Current: 30.58

During the past 13 years, Hayleys Fabric's highest Return-on-Tangible-Equity was 71.18%. The lowest was -4.03%. And the median was 7.09%.

COL:MGT.N0000's Return-on-Tangible-Equity is ranked better than
92.5% of 1013 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.82 vs COL:MGT.N0000: 30.58

Hayleys Fabric Return-on-Tangible-Equity Historical Data

The historical data trend for Hayleys Fabric'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.

Hayleys Fabric Return-on-Tangible-Equity Chart

Hayleys Fabric Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.17 20.28 71.18 7.01 39.12

Hayleys Fabric Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 57.34 31.41 10.07 45.13 35.35

Competitive Comparison of Hayleys Fabric's Return-on-Tangible-Equity

For the Textile Manufacturing subindustry, Hayleys Fabric'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.


Hayleys Fabric's Return-on-Tangible-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hayleys Fabric's Return-on-Tangible-Equity distribution charts can be found below:

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



Hayleys Fabric Return-on-Tangible-Equity Calculation

Hayleys Fabric'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 )
=2397.172/( (5615.626+6638.557 )/ 2 )
=2397.172/6127.0915
=39.12 %

Hayleys Fabric's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=2605.676/( (7249.878+7490.87)/ 2 )
=2605.676/7370.374
=35.35 %

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


Hayleys Fabric  (COL:MGT.N0000) 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.


Hayleys Fabric Return-on-Tangible-Equity Related Terms

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


Hayleys Fabric Business Description

Traded in Other Exchanges
N/A
Address
Narthupana Estate, Neboda, LKA
Hayleys Fabric PLC is engaged in the manufacturing, distribution, and trading of Fabric materials and related products. In addition, the company also provides services like circular knitting of fabric, fabric dyeing and finishing, fabric printing, brushing, and sueding. Its product portfolio includes products like diversified weft knit, polyester fabrics, nylon fabric, and various other fabric products. The company possesses market recognition under the brand name INNO. The majority of its revenue comes from the Sri Lankan market.

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