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. Tosoh's annualized net income for the quarter that ended in Dec. 2023 was $407 Mil. Tosoh's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $5,190 Mil. Therefore, Tosoh's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 7.84%.
The historical rank and industry rank for Tosoh's Return-on-Tangible-Equity or its related term are showing as below:
TOSCF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.04 Med: 14.01 Max: 24.78
Current: 7.62
During the past 13 years, Tosoh's highest Return-on-Tangible-Equity was 24.78%. The lowest was 7.04%. And the median was 14.01%.
TOSCF's Return-on-Tangible-Equity is ranked better than 58.09% of 1520
companies
in the Chemicals industry
Industry Median: 5.78
vs TOSCF: 7.62
Tosoh Return-on-Tangible-Equity Historical Data
The historical data trend for Tosoh'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 Tosoh's Return-on-Tangible-Equity
For the Chemicals subindustry, Tosoh'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.
Tosoh's Return-on-Tangible-Equity Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Tosoh's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tosoh's Return-on-Tangible-Equity falls into.
Tosoh Return-on-Tangible-Equity Calculation
Tosoh's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 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.
Tosoh Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Tosoh's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Tosoh Corp manufactures and sells a variety of petrochemicals, plastics, and chemical-based products. The firm organizes itself into four segments, based on product type. The Petrochemical segment, which generates more revenue than any other segment, sells olefins and polymers, including ethylene and polyvinyl chloride, which are used to make plastics for a variety of end uses. The Chlor-Alkali segment sells caustic soda used to make soap, baking soda, and water treatment products. The Specialty segment sells battery materials, a variety of zirconia products, bromine used in electronics flame retardants, and clinical diagnostics equipment. The Engineering segment provides construction and water treatment services. The majority of revenue comes from Japan.
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