Sumeet Industries Limited Stock Return On Asset

SUMEETINDS   97.80  0.00  0.00%   
Sumeet Industries Limited fundamentals help investors to digest information that contributes to Sumeet Industries' financial success or failures. It also enables traders to predict the movement of Sumeet Stock. The fundamental analysis module provides a way to measure Sumeet Industries' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Sumeet Industries stock.
  
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Sumeet Industries Limited Company Return On Asset Analysis

Sumeet Industries' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Return On Asset

 = 

Net Income

Total Assets

More About Return On Asset | All Equity Analysis

Current Sumeet Industries Return On Asset

    
  -0.0911  
Most of Sumeet Industries' fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Sumeet Industries Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Competition

Sumeet Total Assets

Total Assets

6.8 Billion

As of now, Sumeet Industries' Total Assets are decreasing as compared to previous years.
Based on the latest financial disclosure, Sumeet Industries Limited has a Return On Asset of -0.0911. This is much lower than that of the Textiles, Apparel & Luxury Goods sector and significantly lower than that of the Consumer Discretionary industry. The return on asset for all India stocks is notably higher than that of the company.

Sumeet Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sumeet Industries' direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Sumeet Industries could also be used in its relative valuation, which is a method of valuing Sumeet Industries by comparing valuation metrics of similar companies.
Sumeet Industries is currently under evaluation in return on asset category among its peers.

Sumeet Fundamentals

About Sumeet Industries Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Sumeet Industries Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sumeet Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sumeet Industries Limited based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Other Information on Investing in Sumeet Stock

Sumeet Industries financial ratios help investors to determine whether Sumeet Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sumeet with respect to the benefits of owning Sumeet Industries security.