What is Quality RO 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. Quality RO Industries's annualized net income for the quarter that ended in Mar. 2024 was ₹20.5 Mil. Quality RO Industries's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₹92.6 Mil. Therefore, Quality RO Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 22.15%.
The historical rank and industry rank for Quality RO Industries's Return-on-Tangible-Equity or its related term are showing as below:
BOM:543460'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.3 Med: 3.81 Max: 17.46
Current: 17.46
During the past 3 years, Quality RO Industries's highest Return-on-Tangible-Equity was 17.46%. The lowest was -0.30%. And the median was 3.81%.
BOM:543460's Return-on-Tangible-Equity is ranked better than 79.59% of 2905
companies
in the Industrial Products industry
Industry Median: 7.53
vs BOM:543460: 17.46
Quality RO Industries Return-on-Tangible-Equity Historical Data
The historical data trend for Quality RO 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 Quality RO Industries's Return-on-Tangible-Equity
For the Pollution & Treatment Controls subindustry, Quality RO 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.
Quality RO Industries's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Quality RO Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Quality RO 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 two times the semi-annual (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.
Quality RO Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Quality RO Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Quality RO Industries (BOM:543460) Business Description
Quality RO Industries Ltd is engaged in the business of manufacturing, marketing, and supplying components for water purifiers and softener equipment. These water purifier parts have been designed to make a proper fit for RO plants and systems of different varieties, as we produce strictly according to industry standards. The company is at present engaged in the business of Trading and Manufacturing RO products and Transportation activities, which constitute two business segments. The prime revenue generator is the trading and manufacturing of the RO products segment.
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