What is Bharat Electronics 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. Bharat Electronics's annualized net income for the quarter that ended in Mar. 2024 was ₹71,884 Mil. Bharat Electronics's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹156,425 Mil. Therefore, Bharat Electronics's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 45.95%.
The historical rank and industry rank for Bharat Electronics's Return-on-Tangible-Equity or its related term are showing as below:
NSE:BEL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.8 Med: 20.83 Max: 27.73
Current: 24.16
During the past 13 years, Bharat Electronics's highest Return-on-Tangible-Equity was 27.73%. The lowest was 15.80%. And the median was 20.83%.
NSE:BEL's Return-on-Tangible-Equity is ranked better than 76.66% of 287
companies
in the Aerospace & Defense industry
Industry Median: 8.01
vs NSE:BEL: 24.16
Bharat Electronics Return-on-Tangible-Equity Historical Data
The historical data trend for Bharat Electronics'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 Bharat Electronics's Return-on-Tangible-Equity
For the Aerospace & Defense subindustry, Bharat Electronics'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.
Bharat Electronics's Return-on-Tangible-Equity Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Bharat Electronics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bharat Electronics'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.
Bharat Electronics Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Bharat Electronics's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Bharat Electronics Ltd is an aerospace and defense company owned by the Indian government. It manufactures a wide range of specialized electronics for defense and civilian use. Its investments are made in research and development to meet the ever-changing needs of customers and to test products in its pipeline. With approximately three fourths of its revenue derived from the defense sector, relationships with government officials and military camps are critical. The company created a marketing division to take advantage of export opportunities. It ships products to countries with favorable relationships to India and looks to identify long-term supply chain relationships with global players.
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