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Veekayem Fashion & Apparels (NSE:VEEKAYEM) Return-on-Tangible-Equity : 10.26% (As of Mar. 2024)


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What is Veekayem Fashion & Apparels 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. Veekayem Fashion & Apparels's annualized net income for the quarter that ended in Mar. 2024 was ₹40 Mil. Veekayem Fashion & Apparels's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹392 Mil. Therefore, Veekayem Fashion & Apparels's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 10.26%.

The historical rank and industry rank for Veekayem Fashion & Apparels's Return-on-Tangible-Equity or its related term are showing as below:

NSE:VEEKAYEM' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.22   Med: 5.31   Max: 10.26
Current: 10.26

During the past 5 years, Veekayem Fashion & Apparels's highest Return-on-Tangible-Equity was 10.26%. The lowest was 1.22%. And the median was 5.31%.

NSE:VEEKAYEM's Return-on-Tangible-Equity is ranked better than
69.97% of 1009 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.79 vs NSE:VEEKAYEM: 10.26

Veekayem Fashion & Apparels Return-on-Tangible-Equity Historical Data

The historical data trend for Veekayem Fashion & Apparels'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.

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Veekayem Fashion & Apparels Return-on-Tangible-Equity Chart

Veekayem Fashion & Apparels Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Equity
3.80 1.22 6.28 5.31 10.26

Veekayem Fashion & Apparels Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Equity 3.80 1.22 6.28 5.31 10.26

Competitive Comparison of Veekayem Fashion & Apparels's Return-on-Tangible-Equity

For the Textile Manufacturing subindustry, Veekayem Fashion & Apparels'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.


Veekayem Fashion & Apparels's Return-on-Tangible-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Veekayem Fashion & Apparels's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Veekayem Fashion & Apparels's Return-on-Tangible-Equity falls into.


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Veekayem Fashion & Apparels Return-on-Tangible-Equity Calculation

Veekayem Fashion & Apparels'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 )
=40.255/( (372.265+412.52 )/ 2 )
=40.255/392.3925
=10.26 %

Veekayem Fashion & Apparels'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: Mar. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Mar. 2023 )(Q: Mar. 2024 )
=40.255/( (372.265+412.52)/ 2 )
=40.255/392.3925
=10.26 %

* 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 one times the annual (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Veekayem Fashion & Apparels  (NSE:VEEKAYEM) 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.


Veekayem Fashion & Apparels Return-on-Tangible-Equity Related Terms

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Veekayem Fashion & Apparels Business Description

Traded in Other Exchanges
N/A
Address
Walbhat Road, Gala No. 113, Udyog Bhavan, Sharma Industrial Estate, Near Nirlon Compound, Goregaon East, Mumbai, MH, IND, 400063
Veekayem Fashion & Apparels Ltd is engaged in the business of weaving and garment manufacturing. The company deals in products like Shirting fabrics, Suiting Fabrics, Trouser fabrics, jacketing fabrics, format trousers, cotton trousers and other accessories. The extensive product portfolio includes 100% Cotton - Lycra and Non-Lycra, Giza, Supima, Blended Cotton Suiting - Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed, Polyester Viscose, Terry Rayon Suiting and Mock Linen. The Company operates in three segments: Men's wear; Kids Wear and Accessories.

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