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Kusuri No Aoki Holdings ROE %

: 10.58% (As of May. 2021)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. Kusuri No Aoki Holdings's annualized net income attributable to common stockholders for the quarter that ended in May. 2021 was ¥8,116 Mil. Kusuri No Aoki Holdings's average Total Stockholders Equity over the quarter that ended in May. 2021 was ¥76,679 Mil. Therefore, Kusuri No Aoki Holdings's annualized ROE % for the quarter that ended in May. 2021 was 10.58%.

The historical rank and industry rank for Kusuri No Aoki Holdings's ROE % or its related term are showing as below:

TSE:3549' s ROE % Range Over the Past 10 Years
Min: 16.67   Med: 22.75   Max: 26.77
Current: 16.67

16.67
26.77

During the past 13 years, Kusuri No Aoki Holdings's highest ROE % was 26.77%. The lowest was 16.67%. And the median was 22.75%.

TSE:3549's ROE % is ranked higher than
68% of the 130 Companies
in the Healthcare Providers & Services industry.

( Industry Median: 9.65 vs. TSE:3549: 16.67 )

Kusuri No Aoki Holdings ROE % Historical Data

The historical data trend for Kusuri No Aoki Holdings'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.

Kusuri No Aoki Holdings Annual Data
Trend May12 May13 May14 May15 May16 May17 May18 May19 May20 May21
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.56 22.02 21.57 20.58 16.77

Kusuri No Aoki Holdings Quarterly Data
May16 Aug16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21
ROE % 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 Premium Member Only Premium Member Only Premium Member Only 25.99 21.16 16.00 19.42 10.58

Competitive Comparison

For the Pharmaceutical Retailers subindustry, Kusuri No Aoki Holdings'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.

   

Kusuri No Aoki Holdings ROE % Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Kusuri No Aoki Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Kusuri No Aoki Holdings's ROE % falls into.



Kusuri No Aoki Holdings ROE % Calculation

Kusuri No Aoki Holdings's annualized ROE % for the fiscal year that ended in May. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: May. 2021 )/( (Total Stockholders Equity (A: May. 2020 )+Total Stockholders Equity (A: May. 2021 ))/ count )
=12062/( (66224+77669)/ 2 )
=12062/71946.5
=16.77 %

Kusuri No Aoki Holdings's annualized ROE % for the quarter that ended in May. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: May. 2021 )/( (Total Stockholders Equity (Q: Feb. 2021 )+Total Stockholders Equity (Q: May. 2021 ))/ count )
=8116/( (75688+77669)/ 2 )
=8116/76678.5
=10.58 %

* 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 attributable to common stockholders 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 attributable to common stockholders data used here is four times the quarterly (May. 2021) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Kusuri No Aoki Holdings  (TSE:3549) 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: May. 2021 )
=Net Income/Total Stockholders Equity
=8116/76678.5
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(8116 / 316020)*(316020 / 189777.5)*(189777.5 / 76678.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.57 %*1.6652*2.475
=ROA %*Equity Multiplier
=4.28 %*2.475
=10.58 %

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: May. 2021 )
=Net Income/Total Stockholders Equity
=8116/76678.5
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (8116 / 12256) * (12256 / 13492) * (13492 / 316020) * (316020 / 189777.5) * (189777.5 / 76678.5)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6622 * 0.9084 * 4.27 % * 1.6652 * 2.475
=10.58 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (May. 2021) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (May. 2021) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders 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.


Kusuri No Aoki Holdings ROE % Related Terms

Thank you for viewing the detailed overview of Kusuri No Aoki Holdings's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Kusuri No Aoki Holdings Business Description

Kusuri No Aoki Holdings logo
Traded in Other Exchanges
N/A
Address
1st Yokoe-cho 4 Block, Ishikawa Prefecture, Hakusan, JPN, 924-8510
Kusuri No Aoki Holdings is a pharmaceutical retail chain that sells health, beauty, and cleaning supplies. The company operates stores that focus primarily on residential areas in Japan. Kusuri's business includes pharmaceutical drugs, and the company also operates a bone-marrow bank. The company breaks out its sales into four different product lines, including health, beauty, life, and dispensing. The vast majority of the company's revenue is derived from its life product category, followed by beauty products. Most of Kusuri's revenue is derived from the Hokuriku region.

Kusuri No Aoki Holdings Headlines

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