What is Takara Holdings 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. Takara Holdings's annualized net income for the quarter that ended in Dec. 2023 was €150 Mil. Takara Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2023 was €1,297 Mil. Therefore, Takara Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 11.58%.
The historical rank and industry rank for Takara Holdings's Return-on-Tangible-Equity or its related term are showing as below:
FRA:TAX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.98 Med: 7.98 Max: 13.57
Current: 8.11
During the past 13 years, Takara Holdings's highest Return-on-Tangible-Equity was 13.57%. The lowest was 4.98%. And the median was 7.98%.
FRA:TAX's Return-on-Tangible-Equity is ranked worse than 55.34% of 206
companies
in the Beverages - Alcoholic industry
Industry Median: 10.475
vs FRA:TAX: 8.11
Takara Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Takara Holdings'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 Takara Holdings's Return-on-Tangible-Equity
For the Beverages - Brewers subindustry, Takara Holdings'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.
Takara Holdings's Return-on-Tangible-Equity Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Takara Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Takara Holdings'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 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.
Takara Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Takara Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Takara Holdings Inc operates three businesses: Alcoholic Beverages and Seasonings, Biomedical, and Health Foods. Roughly 80% of the company's sales come from Japan. The Alcoholic Beverages and Seasonings business, which manufactures shochu, sake, light-alcohol refreshers, seasonings, and raw alcohol, generates the vast majority of the company's revenue. Most remaining revenue comes from the biomedical business, which primarily manufactures and sells reagents and other instruments for biomedical researchers but also provides contract research services and develops health food ingredients. Takara's foods business develops and sells health food products that are largely based on seaweed, algae, and herbs.
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