What is Hindalco 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. Hindalco Industries's annualized net income for the quarter that ended in Mar. 2024 was ₹126,960 Mil. Hindalco Industries's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹738,560 Mil. Therefore, Hindalco Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 17.19%.
The historical rank and industry rank for Hindalco Industries's Return-on-Tangible-Equity or its related term are showing as below:
NSE:HINDALCO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.36 Med: 12.83 Max: 32.48
Current: 14.99
During the past 13 years, Hindalco Industries's highest Return-on-Tangible-Equity was 32.48%. The lowest was -1.36%. And the median was 12.83%.
NSE:HINDALCO's Return-on-Tangible-Equity is ranked better than 92.56% of 2459
companies
in the Metals & Mining industry
Industry Median: -16.39
vs NSE:HINDALCO: 14.99
Hindalco Industries Return-on-Tangible-Equity Historical Data
The historical data trend for Hindalco Industries'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 Hindalco Industries's Return-on-Tangible-Equity
For the Aluminum subindustry, Hindalco 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.
Hindalco Industries's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hindalco Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hindalco 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.
Hindalco Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Hindalco Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Hindalco Industries (NSE:HINDALCO) Business Description
Hindalco Industries Ltd extracts raw materials and produces and sells industrial metals in the below segments: Copper, Aluminum Upstream and Aluminium Downstream, Novelis, and all other Segment. The Copper segment purchases raw materials and produces continuous cast copper rods, copper cathodes, sulphuric acid, gold, and silver. The firm hedges its copper and other precious metals costs through futures contracts in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. The Aluminum segment mines bauxite and produces hydrate and alumina, aluminum, and aluminum-based products. The majority of Hindalco's revenue comes from India. The firm is also expanding internationally with sales and operations worldwide.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NSE:HINDALCO has been successfully added to your 