What is Indo Count Industries 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. Indo Count Industries's annualized net income for the quarter that ended in Dec. 2024 was ₹3,019 Mil. Indo Count Industries's average shareholder tangible equity for the quarter that ended in Dec. 2024 was ₹19,478 Mil. Therefore, Indo Count Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was 15.50%.
The historical rank and industry rank for Indo Count Industries's Return-on-Tangible-Equity or its related term are showing as below:
NSE:ICIL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.26 Med: 19.91 Max: 49.31
Current: 16.56
During the past 13 years, Indo Count Industries's highest Return-on-Tangible-Equity was 49.31%. The lowest was 6.26%. And the median was 19.91%.
NSE:ICIL's Return-on-Tangible-Equity is ranked better than 80.88% of 1004
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.95
vs NSE:ICIL: 16.56
Indo Count Industries Return-on-Tangible-Equity Historical Data
The historical data trend for Indo Count Industries'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 Indo Count Industries's Return-on-Tangible-Equity
For the Textile Manufacturing subindustry, Indo Count Industries'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.
Indo Count Industries's Return-on-Tangible-Equity Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Indo Count Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Indo Count Industries'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 (Dec. 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.
Indo Count Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Indo Count Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Indo Count Industries Ltd is an India-based company principally engaged in the manufacturing and sale of textile products. The company manufactures and exports bed sheets, bed linen, utility bedding, pillowcases, fashion bedding, institutional bedding, comforters, quilts, decorative pillows, etc. Its products are marketed through brands like Pure Earth, Boutique Living, Atlas, Simply Put, Linen Closet, The Pure Collection, and Heirlooms of India. The company operates in a single segment and derives a majority of its revenue by exporting its products to countries like the United States of America, UAE, the United Kingdom, and others.
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