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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. Marshall Machines's annualized net income for the quarter that ended in Mar. 2024 was ₹-34.8 Mil. Marshall Machines's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹482.0 Mil. Therefore, Marshall Machines's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -7.22%.
The historical rank and industry rank for Marshall Machines's Return-on-Tangible-Equity or its related term are showing as below:
NSE:MARSHALL's Return-on-Tangible-Equity is not ranked *
in the Industrial Products industry.
Industry Median: 6.76 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
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.
Marshall Machines Return-on-Tangible-Equity Related Terms
Marshall Machines Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Marshall Machines'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.
NSE:MARSHALL vs ETN, PH, ITW: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, Marshall Machines'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.
Marshall Machines Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Marshall Machines's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Marshall Machines'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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -7.22% mean?
Marshall Machines (NSE:MARSHALL) has a Return-on-Tangible-Equity of -7.22% as of Mar. 2024. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Marshall Machines and its competitors.
Is Marshall Machines' Return-on-Tangible-Equity too high?
Marshall Machines' current Return-on-Tangible-Equity is -7.22%. Overall, Marshall Machines has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Marshall Machines' Return-on-Tangible-Equity compare to ETN and PH?
Marshall Machines' Return-on-Tangible-Equity of -7.22% can be compared against companies in the Industrial Products industry. The industry median Return-on-Tangible-Equity is 6.76. 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.76, based on 2,973 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 Marshall Machines and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marshall Machines's current Return-on-Tangible-Equity is -7.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marshall Machines stock overvalued right now?
Marshall Machines (NSE:MARSHALL) has a current Return-on-Tangible-Equity of -7.22%. The current Return-on-Tangible-Equity is -7.22%. Marshall Machines' 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 Marshall Machines (NSE:MARSHALL), the current Return-on-Tangible-Equity is -7.22% as of Mar. 2024. 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.
Marshall Machines Ltd is an India based company is engaged in the business of developing, manufacturing and marketing of Machine Tool Equipment including wide range of single spindle, patented double and four spindle CNC machines, automated robotic solutions and patent pending IoTQ suite of intelligent equipment. Its products and services are offered to a wide range of industries including manufacturers of Axles, Crankshafts, Auto Parts, Fans, Pumps, Bearings, Gear Blanks, and Bushes among others. The company sells its products in India and also exports it to other countries, of which key revenue is generated from sales made within the country.
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