The historical rank and industry rank for Triveni Engineering & Industries's Return-on-Tangible-Equity or its related term are showing as below:
NSE:TRIVENI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -21.25 Med: 20.56 Max: 78.37
Current: 14.37
During the past 13 years, Triveni Engineering & Industries's highest Return-on-Tangible-Equity was 78.37%. The lowest was -21.25%. And the median was 20.56%.
NSE:TRIVENI's Return-on-Tangible-Equity is ranked better than 70.52% of 1791
companies
in the Consumer Packaged Goods industry
Industry Median: 7.73
vs NSE:TRIVENI: 14.37
Triveni Engineering & 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 Triveni Engineering & Industries's Return-on-Tangible-Equity
For the Confectioners subindustry, Triveni Engineering & 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.
Triveni Engineering & Industries's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Triveni Engineering & Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Triveni Engineering & 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 (Mar. 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.
Triveni Engineering & Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Triveni Engineering & Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Triveni Engineering & Industries (NSE:TRIVENI) Business Description
Triveni Engineering & Industries Ltd is an India-based company engaged in the manufacturing of sugar. The company is engaged in diversified businesses mainly categorized into segments - Sugar and allied businesses; Engineering business and others. Sugar and allied businesses essentially comprises the manufacture of sugar, cogeneration, and distillery. The Engineering business primarily comprises Power Transmission manufacturing facilities at Mysuru and Water and Waste Water Treatment business operating from Noida, UP. The firm generates a majority of its revenue from the Sugar and allied business.
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