What is Honda Atlas Cars Pakistan 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. Honda Atlas Cars Pakistan's annualized net income for the quarter that ended in Mar. 2024 was ₨5,481 Mil. Honda Atlas Cars Pakistan's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₨20,035 Mil. Therefore, Honda Atlas Cars Pakistan's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 27.36%.
The historical rank and industry rank for Honda Atlas Cars Pakistan's Return-on-Tangible-Equity or its related term are showing as below:
KAR:HCAR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.4 Med: 18.07 Max: 86.35
Current: 12.19
During the past 13 years, Honda Atlas Cars Pakistan's highest Return-on-Tangible-Equity was 86.35%. The lowest was 1.40%. And the median was 18.07%.
KAR:HCAR's Return-on-Tangible-Equity is ranked better than 61.89% of 1249
companies
in the Vehicles & Parts industry
Industry Median: 8.72
vs KAR:HCAR: 12.19
Honda Atlas Cars Pakistan Return-on-Tangible-Equity Historical Data
The historical data trend for Honda Atlas Cars Pakistan'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 Honda Atlas Cars Pakistan's Return-on-Tangible-Equity
For the Auto Manufacturers subindustry, Honda Atlas Cars Pakistan'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.
Honda Atlas Cars Pakistan's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Honda Atlas Cars Pakistan's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Honda Atlas Cars Pakistan'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.
Honda Atlas Cars Pakistan Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Honda Atlas Cars Pakistan's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Honda Atlas Cars Pakistan (KAR:HCAR) Business Description
Honda Atlas Cars Pakistan Ltd is engaged in assembling and progressive manufacturing and sale of Honda vehicles and spare parts. Its Segments include the Manufacturing and Trading segment. Manufacturing segment relates to the sale of locally manufactured cars and parts and Trading segment relates to the trading of completely built units (CBUs) and parts. It offers car models, such as Honda Accord, Honda CR-V, Honda CR-Z, Honda HR-V, and Honda City in various colors with advance technology features. Honda derives the majority of revenue through the Manufacturing segment.
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