Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Coal India's annualizedNet Income for the quarter that ended in Mar. 2024 was ₹542,492 Mil. Coal India's average total tangible assets for the quarter that ended in Mar. 2024 was ₹2,307,324 Mil. Therefore, Coal India's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 23.51%.
The historical rank and industry rank for Coal India's Return-on-Tangible-Asset or its related term are showing as below:
NSE:COALINDIA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.79 Med: 12.23 Max: 17.28
Current: 17.28
During the past 13 years, Coal India's highest Return-on-Tangible-Asset was 17.28%. The lowest was 5.79%. And the median was 12.23%.
NSE:COALINDIA's Return-on-Tangible-Asset is ranked better than 88.46% of 182
companies
in the Other Energy Sources industry
Industry Median: 2.495
vs NSE:COALINDIA: 17.28
Coal India Return-on-Tangible-Asset Historical Data
The historical data trend for Coal India's Return-on-Tangible-Asset 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 Coal India's Return-on-Tangible-Asset
For the Thermal Coal subindustry, Coal India's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Coal India's Return-on-Tangible-Asset Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Coal India's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Coal India's Return-on-Tangible-Asset falls into.
Coal India Return-on-Tangible-Asset Calculation
Coal India's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2024 is calculated as:
* 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-Asset, the net income of the last fiscal year and the average total tangible assets 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.
Coal India (NSE:COALINDIA) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Coal India Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Coal India's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Coal India Ltd is a state-owned coal mining company, which was formed when the government took over many private coal mines. As one of the largest coal producers in the world, Coal India is responsible for the vast majority of India's coal production. The company operates across numerous mining areas spread over various provincial states of India, and one mine planning and consultancy company. The Company is primarily engaged in a single segment business of production and sale of Coal. Coal India has hundreds of mines, the bulk of which are underground, closely trailed by open-pit, while also operating multiple coking coal washeries.
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