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Daiseki Co (Daiseki Co) Return-on-Tangible-Equity : 13.51% (As of Nov. 2023)


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What is Daiseki 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. Daiseki Co's annualized net income for the quarter that ended in Nov. 2023 was $70.0 Mil. Daiseki Co's average shareholder tangible equity for the quarter that ended in Nov. 2023 was $517.9 Mil. Therefore, Daiseki Co's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2023 was 13.51%.

The historical rank and industry rank for Daiseki Co's Return-on-Tangible-Equity or its related term are showing as below:

DSKIF' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.2   Med: 9.96   Max: 12.42
Current: 12.42

During the past 13 years, Daiseki Co's highest Return-on-Tangible-Equity was 12.42%. The lowest was 7.20%. And the median was 9.96%.

DSKIF's Return-on-Tangible-Equity is ranked better than
57.4% of 223 companies
in the Waste Management industry
Industry Median: 9.98 vs DSKIF: 12.42

Daiseki Co Return-on-Tangible-Equity Historical Data

The historical data trend for Daiseki 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.

* Premium members only.

Daiseki Co Return-on-Tangible-Equity Chart

Daiseki Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.57 9.33 10.76 10.63 11.55

Daiseki Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.13 12.75 12.15 13.51 10.69

Competitive Comparison of Daiseki Co's Return-on-Tangible-Equity

For the Waste Management subindustry, Daiseki 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.


Daiseki Co's Return-on-Tangible-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Daiseki Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Daiseki Co's Return-on-Tangible-Equity falls into.



Daiseki Co Return-on-Tangible-Equity Calculation

Daiseki Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Feb. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Feb. 2024 )  (A: Feb. 2023 )(A: Feb. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Feb. 2024 )  (A: Feb. 2023 )(A: Feb. 2024 )
=63.262/( (571.14+524.098 )/ 2 )
=63.262/547.619
=11.55 %

Daiseki Co's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Nov. 2023 )  (Q: Aug. 2023 )(Q: Nov. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Nov. 2023 )  (Q: Aug. 2023 )(Q: Nov. 2023 )
=69.964/( (526.446+509.416)/ 2 )
=69.964/517.931
=13.51 %

* 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 (Nov. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Daiseki Co  (OTCPK:DSKIF) 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.


Daiseki Co Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Daiseki Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Daiseki Co (Daiseki Co) Business Description

Traded in Other Exchanges
Address
1-86 Funami-cho Minato-ku, Aichi, Nagoya, JPN, 4558505
Daiseki Co Ltd provides industrial waste treatment and resource recycling throughout Japan. Its core business activities are treating waste oil, waste water, and sludge. It collects and recycles oils and waste water from clients and processes the waste into heavy oil or supplemental fuel. Separators and filters remove deteriorated components, and other systems either refine or adjust products into reusable form. Final products are either delivered back to clients or shipped to market. Advanced technology partners with experienced employees to analyze and classify the particular waste to determine the correct solution; methods revolve around dehydration, kneading, and a combination of mixing and chemical treatment.

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