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. Coal India's annualized net income for the quarter that ended in Mar. 2024 was ₹542,492 Mil. Coal India's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹757,899 Mil. Therefore, Coal India's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 71.58%.
The historical rank and industry rank for Coal India's Return-on-Tangible-Equity or its related term are showing as below:
NSE:COALINDIA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 31.31 Med: 40.69 Max: 74.98
Current: 58.41
During the past 13 years, Coal India's highest Return-on-Tangible-Equity was 74.98%. The lowest was 31.31%. And the median was 40.69%.
NSE:COALINDIA's Return-on-Tangible-Equity is ranked better than 92.44% of 172
companies
in the Other Energy Sources industry
Industry Median: 8.035
vs NSE:COALINDIA: 58.41
Coal India Return-on-Tangible-Equity Historical Data
The historical data trend for Coal India'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.
Competitive Comparison of Coal India's Return-on-Tangible-Equity
For the Thermal Coal subindustry, Coal India'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.
Coal India's Return-on-Tangible-Equity Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Coal India's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Coal India's Return-on-Tangible-Equity falls into.
Coal India Return-on-Tangible-Equity Calculation
Coal India's annualized Return-on-Tangible-Equity 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-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.
Coal India (NSE:COALINDIA) 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.
Coal India Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Coal India's Return-on-Tangible-Equity 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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