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Bunka Shutter Co (TSE:5930) ROE % : 10.79% (As of Dec. 2023)


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What is Bunka Shutter Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Bunka Shutter Co's annualized net income for the quarter that ended in Dec. 2023 was 円10,384 Mil. Bunka Shutter Co's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was 円96,258 Mil. Therefore, Bunka Shutter Co's annualized ROE % for the quarter that ended in Dec. 2023 was 10.79%.

The historical rank and industry rank for Bunka Shutter Co's ROE % or its related term are showing as below:

TSE:5930' s ROE % Range Over the Past 10 Years
Min: 4.66   Med: 9.85   Max: 17.73
Current: 10.81

During the past 13 years, Bunka Shutter Co's highest ROE % was 17.73%. The lowest was 4.66%. And the median was 9.85%.

TSE:5930's ROE % is ranked better than
66.73% of 1629 companies
in the Construction industry
Industry Median: 6.71 vs TSE:5930: 10.81

Bunka Shutter Co ROE % Historical Data

The historical data trend for Bunka Shutter Co's ROE % 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.

Bunka Shutter Co ROE % Chart

Bunka Shutter Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.12 8.74 10.41 8.05 9.58

Bunka Shutter Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % 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 11.12 18.56 1.44 12.53 10.79

Competitive Comparison of Bunka Shutter Co's ROE %

For the Building Products & Equipment subindustry, Bunka Shutter Co's ROE %, along with its competitors' market caps and ROE % 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.


Bunka Shutter Co's ROE % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Bunka Shutter Co's ROE % distribution charts can be found below:

* The bar in red indicates where Bunka Shutter Co's ROE % falls into.



Bunka Shutter Co ROE % Calculation

Bunka Shutter Co's annualized ROE % for the fiscal year that ended in Mar. 2023 is calculated as

ROE %=Net Income (A: Mar. 2023 )/( (Total Stockholders Equity (A: Mar. 2022 )+Total Stockholders Equity (A: Mar. 2023 ))/ count )
=7899/( (82352+82600)/ 2 )
=7899/82476
=9.58 %

Bunka Shutter Co's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=10384/( (95532+96983)/ 2 )
=10384/96257.5
=10.79 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder 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. ROE % is displayed in the 30-year financial page.


Bunka Shutter Co  (TSE:5930) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=10384/96257.5
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(10384 / 221956)*(221956 / 198467)*(198467 / 96257.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.68 %*1.1184*2.0618
=ROA %*Equity Multiplier
=5.23 %*2.0618
=10.79 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=10384/96257.5
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (10384 / 16452) * (16452 / 16236) * (16236 / 221956) * (221956 / 198467) * (198467 / 96257.5)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6312 * 1.0133 * 7.31 % * 1.1184 * 2.0618
=10.79 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Bunka Shutter Co ROE % Related Terms

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Bunka Shutter Co (TSE:5930) Business Description

Traded in Other Exchanges
N/A
Address
Nishikata 1-chome, 17-3, Bunkyo-ku, Tokyo, JPN, 113-8535
Bunka Shutter Co Ltd is a building materials company that manufactures and sells shutters and construction materials in five diversified business segments. Bunka Shutter is based in Japan and primarily produces products such as light shutters, heavy-duty shutters for large-scale commercial facilities, window shutters, and sliding doors. Its second segment, construction materials, produces exterior products. Bunka operates a service business and a separate reform business, both focused on repair and maintenance services, and a refurbishment business. Lastly, the "other" business segment consists of a water sealing business, solar power business, and travel agency services. The company produces most of its revenue in Japan.

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