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. Shimamura Co's annualized net income for the quarter that ended in Feb. 2024 was 円28,028 Mil. Shimamura Co's average shareholder tangible equity for the quarter that ended in Feb. 2024 was 円466,750 Mil. Therefore, Shimamura Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2024 was 6.00%.
The historical rank and industry rank for Shimamura Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:8227'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.63 Med: 8.56 Max: 10.36
Current: 8.82
During the past 13 years, Shimamura Co's highest Return-on-Tangible-Equity was 10.36%. The lowest was 3.63%. And the median was 8.56%.
TSE:8227's Return-on-Tangible-Equity is ranked better than 53.71% of 1052
companies
in the Retail - Cyclical industry
Industry Median: 7.605
vs TSE:8227: 8.82
Shimamura Co Return-on-Tangible-Equity Historical Data
The historical data trend for Shimamura 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.
Competitive Comparison of Shimamura Co's Return-on-Tangible-Equity
For the Apparel Retail subindustry, Shimamura 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.
Shimamura Co's Return-on-Tangible-Equity Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Shimamura Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shimamura Co's Return-on-Tangible-Equity falls into.
Shimamura Co Return-on-Tangible-Equity Calculation
Shimamura Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Feb. 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 (Feb. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Shimamura Co (TSE:8227) 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.
Shimamura Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Shimamura Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Shimamura Co Ltd is a Japanese apparel retailer. Its core business is Fashion Center Temura, which has over 1,000 stores and sells items for families, primarily to housewives in their twenties to fifties. Fashion Center Temura focuses on low price private brands. Stores are in residential areas in the suburbs and in large cities, including Tokyo and Osaka. Shimamura has more than 500 stores under other brand names that include Casual and Shoes Avel, Baby/Chilren's Goods Birthday, Chambre, and Divero. The company's stores are primarily in Japan, but it has some brands in Taiwan and Shanghai.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSE:8227 has been successfully added to your 