What is Toyota Industries 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. Toyota Industries's annualized net income for the quarter that ended in Dec. 2023 was $2,556 Mil. Toyota Industries's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $30,005 Mil. Therefore, Toyota Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 8.52%.
The historical rank and industry rank for Toyota Industries's Return-on-Tangible-Equity or its related term are showing as below:
TYIDF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.15 Med: 6.38 Max: 9.48
Current: 5.29
During the past 13 years, Toyota Industries's highest Return-on-Tangible-Equity was 9.48%. The lowest was 5.15%. And the median was 6.38%.
TYIDF's Return-on-Tangible-Equity is ranked worse than 64.18% of 201
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.4
vs TYIDF: 5.29
Toyota Industries Return-on-Tangible-Equity Historical Data
The historical data trend for Toyota Industries'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 Toyota Industries's Return-on-Tangible-Equity
For the Farm & Heavy Construction Machinery subindustry, Toyota Industries'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.
Toyota Industries's Return-on-Tangible-Equity Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Toyota Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Toyota Industries's Return-on-Tangible-Equity falls into.
Toyota Industries Return-on-Tangible-Equity Calculation
Toyota Industries'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.
Toyota Industries (OTCPK:TYIDF) 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.
Toyota Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Toyota Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Toyota Industries (Toyota Industries) Business Description
Toyota Industries Corp is primarily engaged in manufacturing and sale of automobiles, industrial vehicles, and textile machinery, as well as logistics business. The company manufactures and sells automobiles, engines, foundry pieces and electronic equipment. It also provides forklift trucks, warehouse equipment, automatic warehouse, vehicles for high-place work. In addition, it also engaged in the land transportation service, collection, and delivery service. The business of the group is primarily functioned through Japan and its amplifying internationally. Toyota derives most of the income through the sale of products and recycled waste products.
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