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Gujarat Lease Financing (NSE:GLFL) Return-on-Tangible-Equity : Negative Tangible Equity% (As of Mar. 2024)


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What is Gujarat Lease Financing 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. Gujarat Lease Financing's annualized net income for the quarter that ended in Mar. 2024 was ₹1.69 Mil. Gujarat Lease Financing's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹-41.22 Mil. Therefore, Gujarat Lease Financing's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was Negative Tangible Equity%.

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

NSE:GLFL' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0
Current: Negative Tangible Equity

NSE:GLFL's Return-on-Tangible-Equity is ranked better than
99.81% of 531 companies
in the Diversified Financial Services industry
Industry Median: 0.7 vs NSE:GLFL: Negative Tangible Equity

Gujarat Lease Financing Return-on-Tangible-Equity Historical Data

The historical data trend for Gujarat Lease Financing'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.

Gujarat Lease Financing Return-on-Tangible-Equity Chart

Gujarat Lease Financing 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 Negative Tangible Equity - - Negative Tangible Equity Negative Tangible Equity

Gujarat Lease Financing Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Negative Tangible Equity - - Negative Tangible Equity Negative Tangible Equity

Competitive Comparison of Gujarat Lease Financing's Return-on-Tangible-Equity

For the Shell Companies subindustry, Gujarat Lease Financing'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.


Gujarat Lease Financing's Return-on-Tangible-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Gujarat Lease Financing's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Gujarat Lease Financing's Return-on-Tangible-Equity falls into.



Gujarat Lease Financing Return-on-Tangible-Equity Calculation

Gujarat Lease Financing'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 )
=0.868/( (-42.356+-41.216 )/ 2 )
=0.868/-41.786
=Negative Tangible Equity %

Gujarat Lease Financing'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: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=1.688/( (0+-41.216)/ 1 )
=1.688/-41.216
=Negative Tangible Equity %

* 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.


Gujarat Lease Financing  (NSE:GLFL) 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.


Gujarat Lease Financing Return-on-Tangible-Equity Related Terms

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


Gujarat Lease Financing (NSE:GLFL) Business Description

Traded in Other Exchanges
Address
6th Floor, Hasubhai Chambers, Opposite Town Hall, Ellisbridge, Ahmedabad, GJ, IND, 380 006
Gujarat Lease Financing Ltd is an India-based company. It was engaged in providing financial services. It discontinued all its operations.

Gujarat Lease Financing (NSE:GLFL) Headlines

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