What is Tirupati Graphite 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. Tirupati Graphite's annualized net income for the quarter that ended in Sep. 2023 was £15.53 Mil. Tirupati Graphite's average shareholder tangible equity for the quarter that ended in Sep. 2023 was £23.50 Mil. Therefore, Tirupati Graphite's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 66.08%.
The historical rank and industry rank for Tirupati Graphite's Return-on-Tangible-Equity or its related term are showing as below:
LSE:TGR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -113.85 Med: -20 Max: 33.58
Current: 33.58
During the past 6 years, Tirupati Graphite's highest Return-on-Tangible-Equity was 33.58%. The lowest was -113.85%. And the median was -20.00%.
LSE:TGR's Return-on-Tangible-Equity is ranked better than 97.06% of 2449
companies
in the Metals & Mining industry
Industry Median: -15.97
vs LSE:TGR: 33.58
Tirupati Graphite Return-on-Tangible-Equity Historical Data
The historical data trend for Tirupati Graphite'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 Tirupati Graphite's Return-on-Tangible-Equity
For the Other Industrial Metals & Mining subindustry, Tirupati Graphite'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.
Tirupati Graphite's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Tirupati Graphite's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tirupati Graphite'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 two times the semi-annual (Sep. 2023) 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.
Tirupati Graphite Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Tirupati Graphite's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Tirupati Graphite Plc is developing its business as a specialist flake graphite company and developing materials, which contributes to the green economy being critical to the energy transition goal. It operates in three primary business segments: Holding Companies Expenses, Mining Exploration and Development and Graphite Mining Extraction. The products and uses for which it is employed include lithiumion batteries, fuel cells, two-dimensional graphene, water purification, electronics, fibre optics, spintronics, refractories, electrical products, electric vehicles, flame retardants, solid-state high-temperature lubricant, conductive polymers and friction materials. The company is focused on developing the Vatomina Project and the Sahamamy Project.
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