What is Nomura 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. Nomura Holdings's annualized net income for the quarter that ended in Dec. 2023 was ARS506,969 Mil. Nomura Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2023 was ARS7,906,450 Mil. Therefore, Nomura Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 6.41%.
The historical rank and industry rank for Nomura Holdings's Return-on-Tangible-Equity or its related term are showing as below:
BUE:NMR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.82 Med: 7 Max: 9.33
Current: 3.66
During the past 13 years, Nomura Holdings's highest Return-on-Tangible-Equity was 9.33%. The lowest was -3.82%. And the median was 7.00%.
BUE:NMR's Return-on-Tangible-Equity is ranked worse than 56.79% of 766
companies
in the Capital Markets industry
Industry Median: 5.46
vs BUE:NMR: 3.66
Nomura Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Nomura 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 Nomura Holdings's Return-on-Tangible-Equity
For the Capital Markets subindustry, Nomura 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.
Nomura Holdings's Return-on-Tangible-Equity Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nomura Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nomura 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.
Nomura Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Nomura Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Nomura is Japan's largest broker, about twice the size of rival Daiwa Securities and roughly three times the size of the securities units of the three megabanks. It is also the largest asset-management company in Japan, with a similar size differential compared with its rivals. Despite its topnotch brand name in retail broking and asset management in Japan, Nomura has struggled to compete effectively in the institutional securities business against larger global rivals. In 2008, Nomura bought European and Asian assets of the failed Lehman Brothers, which led to a sharply higher cost base but did not provide commensurate revenue. Nomura has reduced the scale of these businesses but maintains its ambition to compete globally with the top players.
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