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. IHI's annualized net income for the quarter that ended in Dec. 2023 was 円111,868 Mil. IHI's average shareholder tangible equity for the quarter that ended in Dec. 2023 was 円177,715 Mil. Therefore, IHI's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 62.95%.
The historical rank and industry rank for IHI's Return-on-Tangible-Equity or its related term are showing as below:
TSE:7013'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -36.89 Med: 6.79 Max: 30.82
Current: -36.89
During the past 13 years, IHI's highest Return-on-Tangible-Equity was 30.82%. The lowest was -36.89%. And the median was 6.79%.
TSE:7013's Return-on-Tangible-Equity is ranked worse than 93.05% of 2921
companies
in the Industrial Products industry
Industry Median: 7.89
vs TSE:7013: -36.89
IHI Return-on-Tangible-Equity Historical Data
The historical data trend for IHI'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.
For the Specialty Industrial Machinery subindustry, IHI'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.
IHI Return-on-Tangible-Equity Distribution
For the Industrial Products industry and Industrials sector, IHI's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where IHI's Return-on-Tangible-Equity falls into.
IHI Return-on-Tangible-Equity Calculation
IHI'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.
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.
IHI Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of IHI's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
IHI Corp produces power systems and plants, large steel structures, marine machinery, aerospace engines, and other industrial solutions. The global company attempts to develop innovative solutions and engineering capabilities for multiple projects and maintenance platforms. Its products cover a wide range of functions, including energy supply and distribution, urban development, enhancing manufacturing processes, and utilizing technologies for air travel. Revenues are roughly split between the company's four business areas: resources, energy, and environment; social infrastructure and offshore facilities; industrial systems and general-purpose machinery; and aero engine, space, and defense. Asia accounts for the majority of total sales, with China and Japan being key regions.
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