What is Nissan Motor Co 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. Nissan Motor Co's annualized net income for the quarter that ended in Dec. 2023 was $810 Mil. Nissan Motor Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $38,086 Mil. Therefore, Nissan Motor Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 2.13%.
The historical rank and industry rank for Nissan Motor Co's Return-on-Tangible-Equity or its related term are showing as below:
NSANY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14.72 Med: 7.98 Max: 14.93
Current: 8.21
During the past 13 years, Nissan Motor Co's highest Return-on-Tangible-Equity was 14.93%. The lowest was -14.72%. And the median was 7.98%.
NSANY's Return-on-Tangible-Equity is ranked worse than 51.12% of 1246
companies
in the Vehicles & Parts industry
Industry Median: 8.365
vs NSANY: 8.21
Nissan Motor Co Return-on-Tangible-Equity Historical Data
The historical data trend for Nissan Motor Co'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 Nissan Motor Co's Return-on-Tangible-Equity
For the Auto Manufacturers subindustry, Nissan Motor Co'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.
Nissan Motor Co's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nissan Motor Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nissan Motor Co's Return-on-Tangible-Equity falls into.
Nissan Motor Co Return-on-Tangible-Equity Calculation
Nissan Motor Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Nissan Motor Co (OTCPK:NSANY) 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.
Nissan Motor Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Nissan Motor Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Nissan Motor Co (Nissan Motor Co) Business Description
While Nissan sold 3.3 million vehicles last fiscal year, total calendar 2022 Renault-Nissan-Mitsubishi alliance sales volume of 6.5 million vehicles makes the group the fourth-largest vehicle seller in the world, behind Toyota at 10.3 million, Volkswagen at 8.5 million, and Hyundai/Kia with 6.8 million vehicles sold. Nissan's financial services subsidiary provides consumers with auto loans and leases but also finances Nissan's sales to its dealerships (known as floor-plan financing). Nissan is 43.4% owned by Renault, while Nissan in turn owns 15% of Renault. Nissan also owns a 34% stake in Mitsubishi Motors. Under a new alliance agreement expected to be completed before the end of December 2023, Nissan and Renault will have cross-shareholding capped at 15% voting rights for each company.
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