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Drone Destination (NSE:DRONE) Return-on-Tangible-Equity : 17.98% (As of Mar. 2024)


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What is Drone Destination 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. Drone Destination's annualized net income for the quarter that ended in Mar. 2024 was ₹70.8 Mil. Drone Destination's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹393.9 Mil. Therefore, Drone Destination's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 17.98%.

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

NSE:DRONE' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 17.98   Med: 28.9   Max: 196.59
Current: 17.98

During the past 4 years, Drone Destination's highest Return-on-Tangible-Equity was 196.59%. The lowest was 17.98%. And the median was 28.90%.

NSE:DRONE's Return-on-Tangible-Equity is ranked better than
63.45% of 238 companies
in the Education industry
Industry Median: 9.815 vs NSE:DRONE: 17.98

Drone Destination Return-on-Tangible-Equity Historical Data

The historical data trend for Drone Destination'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.

Drone Destination Return-on-Tangible-Equity Chart

Drone Destination Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Equity
- 196.59 28.90 17.98

Drone Destination Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Equity - 196.59 28.90 17.98

Competitive Comparison of Drone Destination's Return-on-Tangible-Equity

For the Education & Training Services subindustry, Drone Destination'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.


Drone Destination's Return-on-Tangible-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Drone Destination's Return-on-Tangible-Equity distribution charts can be found below:

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



Drone Destination Return-on-Tangible-Equity Calculation

Drone Destination'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 )
=70.821/( (175.174+612.591 )/ 2 )
=70.821/393.8825
=17.98 %

Drone Destination's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2024 )  (Q: Mar. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Mar. 2023 )(Q: Mar. 2024 )
=70.821/( (175.174+612.591)/ 2 )
=70.821/393.8825
=17.98 %

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


Drone Destination  (NSE:DRONE) 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.


Drone Destination Return-on-Tangible-Equity Related Terms

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


Drone Destination Business Description

Traded in Other Exchanges
N/A
Address
Office. No 005B & 006, Ground Floor, NSIC-MDBP Building, Okhla Industrial Estate, Delhi, IND, 110020
Drone Destination Ltd is a DGCA-authorized Remote Pilot Training Organization that has developed an integrated drone eco-system built around drone manufacturing, certified training, services, and renting a drone. The company operates a massive network of DGCA-certified Drone Pilot Training Programs. Drone Destination currently operates nine Drone Hubs at Gurugram, Dharamshala, Chandigarh, Gwalior, Ahmedabad, Bangalore, Coimbatore, Madurai, and IFFCO Phulpur.

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