What is Spectrum Electrical 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. Spectrum Electrical Industries's annualized net income for the quarter that ended in Sep. 2024 was ₹182 Mil. Spectrum Electrical Industries's average shareholder tangible equity for the quarter that ended in Sep. 2024 was ₹1,742 Mil. Therefore, Spectrum Electrical Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was 10.47%.
The historical rank and industry rank for Spectrum Electrical Industries's Return-on-Tangible-Equity or its related term are showing as below:
NSE:SPECTRUM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.83 Med: 13.86 Max: 20.11
Current: 14.61
During the past 11 years, Spectrum Electrical Industries's highest Return-on-Tangible-Equity was 20.11%. The lowest was 6.83%. And the median was 13.86%.
NSE:SPECTRUM's Return-on-Tangible-Equity is ranked better than 75.1% of 2936
companies
in the Industrial Products industry
Industry Median: 6.855
vs NSE:SPECTRUM: 14.61
Spectrum Electrical Industries Return-on-Tangible-Equity Historical Data
* 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 Spectrum Electrical Industries's Return-on-Tangible-Equity
For the Electrical Equipment & Parts subindustry, Spectrum Electrical 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.
Spectrum Electrical Industries's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Spectrum Electrical Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Spectrum Electrical 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 two times the semi-annual (Sep. 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.
Spectrum Electrical Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Spectrum Electrical Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Spectrum Electrical Industries Business Description
Spectrum Electrical Industries Ltd is an India-based contract manufacturer and a component supplier. It is mainly engaged in the business of designing and manufacturing electrical, automobile, and irrigation components. It offers a varieties of products under the domain of the electrical component including miniature circuit breaker (MCB) base and cover, distribution board, alternating current (AC) Box, modular electric board panels, fancy angle holders, calipers, filter pumps, carrier, and filter tank. It also offers various services including surface coatings, metallic stamping, plastics molding, and designing new molds, and dies press tools. The company mainly offers its products in the Indian market and it also exports some of its products.
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