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. India Glycols's annualized net income for the quarter that ended in Mar. 2024 was ₹1,688 Mil. India Glycols's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹20,494 Mil. Therefore, India Glycols's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 8.24%.
The historical rank and industry rank for India Glycols's Return-on-Tangible-Equity or its related term are showing as below:
NSE:INDIAGLYCO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -15.92 Med: 10.13 Max: 22.99
Current: 8.78
During the past 13 years, India Glycols's highest Return-on-Tangible-Equity was 22.99%. The lowest was -15.92%. And the median was 10.13%.
NSE:INDIAGLYCO's Return-on-Tangible-Equity is ranked better than 63.55% of 1520
companies
in the Chemicals industry
Industry Median: 5.86
vs NSE:INDIAGLYCO: 8.78
India Glycols Return-on-Tangible-Equity Historical Data
The historical data trend for India Glycols'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 India Glycols's Return-on-Tangible-Equity
For the Chemicals subindustry, India Glycols'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.
India Glycols's Return-on-Tangible-Equity Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, India Glycols's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where India Glycols's Return-on-Tangible-Equity falls into.
India Glycols Return-on-Tangible-Equity Calculation
India Glycols'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.
India Glycols (NSE:INDIAGLYCO) 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.
India Glycols Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of India Glycols's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
India Glycols (NSE:INDIAGLYCO) Business Description
India Glycols Ltd is engaged in the manufacturing and marketing of chemicals. It offers Specialty chemicals, Ethyl Alcohol (Portable), Nutraceutical and herbal extraction, Natural Gum and its derivatives, and Industrial gases, among others. The company produces chemicals through agricultural route and manufactures ethoxylates and glycol ethers through molasses route. The demand for their products comes from the Pharmaceutical and Nutraceutical industries, Food industries, Textile industry, Automobile industry and Potable segment. The operating segments of the group are Industrial chemical; Ethyl Alcohol (Potable); and Nutraceutical, of which it derives key revenue from the Ethyl Alcohol (Potable) segment.
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