What is Access Group Holdings Co 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. Access Group Holdings Co's annualized net income for the quarter that ended in Dec. 2023 was 円-122 Mil. Access Group Holdings Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was 円631 Mil. Therefore, Access Group Holdings Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -19.26%.
The historical rank and industry rank for Access Group Holdings Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:7042'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -69.76 Med: 7.53 Max: 18.91
Current: 7.73
During the past 6 years, Access Group Holdings Co's highest Return-on-Tangible-Equity was 18.91%. The lowest was -69.76%. And the median was 7.53%.
TSE:7042's Return-on-Tangible-Equity is ranked worse than 61.7% of 94
companies
in the Personal Services industry
Industry Median: 10.67
vs TSE:7042: 7.73
Access Group Holdings Co Return-on-Tangible-Equity Historical Data
The historical data trend for Access Group Holdings Co'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.
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Access Group Holdings Co Return-on-Tangible-Equity Chart
Competitive Comparison of Access Group Holdings Co's Return-on-Tangible-Equity
For the Personal Services subindustry, Access Group Holdings Co'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.
Access Group Holdings Co's Return-on-Tangible-Equity Distribution in the Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Access Group Holdings Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Access Group Holdings Co's Return-on-Tangible-Equity falls into.
Access Group Holdings Co Return-on-Tangible-Equity Calculation
Access Group Holdings Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2021 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.
Access Group Holdings Co (TSE:7042) 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.
Access Group Holdings Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Access Group Holdings Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Access Group Holdings Co (TSE:7042) Business Description
Access Group Holdings Co Ltd is engaged in the promotion, human resource recruitment public relations, and school public relations businesses. Under the Promotion business it supports sales promotion activities of companies and corporations. Under the human resource recruitment public relation, it is focused on public relations projects for young people, mainly graduates. Further, it also plans and manages employment information sites and joint company briefing sessions; and offers recruitment support service; and the School public relation business plans and operates admission information site, junior high school information magazine, newspaper coalition, and joint explanatory meeting, as well as produces various publicity tools, including Website and Web application system.
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