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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. Bombay Rayon Fashions's annualized net income for the quarter that ended in Sep. 2022 was ₹-1,468 Mil. Bombay Rayon Fashions's average shareholder tangible equity for the quarter that ended in Sep. 2022 was ₹-6,738 Mil. Therefore, Bombay Rayon Fashions's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2022 was N/A%.
The historical rank and industry rank for Bombay Rayon Fashions's Return-on-Tangible-Equity or its related term are showing as below:
NSE:BRFL's Return-on-Tangible-Equity is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 4.41 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Bombay Rayon Fashions (NSE:BRFL) 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.
Bombay Rayon Fashions Return-on-Tangible-Equity Related Terms
Bombay Rayon Fashions Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Bombay Rayon Fashions'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.
Bombay Rayon Fashions Return-on-Tangible-Equity Chart
NSE:BRFL vs AIN: Return-on-Tangible-Equity Comparison
For the Textile Manufacturing subindustry, Bombay Rayon Fashions'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.
Bombay Rayon Fashions Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bombay Rayon Fashions's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bombay Rayon Fashions'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 (Sep. 2022) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 0.00% mean?
Bombay Rayon Fashions (NSE:BRFL) has a Return-on-Tangible-Equity of 0.00% as of Sep. 2022. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Bombay Rayon Fashions and its competitors.
Is Bombay Rayon Fashions' Return-on-Tangible-Equity too high?
Bombay Rayon Fashions' current Return-on-Tangible-Equity is 0.00%. Overall, Bombay Rayon Fashions has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Bombay Rayon Fashions' Return-on-Tangible-Equity compare to AIN?
Bombay Rayon Fashions' Return-on-Tangible-Equity of 0.00% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Return-on-Tangible-Equity is 4.41. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.41, based on 1,017 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Bombay Rayon Fashions and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bombay Rayon Fashions's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bombay Rayon Fashions stock overvalued right now?
Bombay Rayon Fashions (NSE:BRFL) has a current Return-on-Tangible-Equity of 0.00%. The current Return-on-Tangible-Equity is 0.00%. Bombay Rayon Fashions' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Bombay Rayon Fashions (NSE:BRFL), the current Return-on-Tangible-Equity is 0.00% as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Bombay Rayon Fashions Ltd is an Indian textile manufacturing company. The company is engaged in the manufacturing of multi-fiber fabrics such as Cotton, Polyester, Tencel, Modal, Lycra, Wool, and various blends. The company is also engaged in power generation through coal and windmills and manufacturing of buttons. It generates maximum revenue from the sale of textile goods.
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