What is Thai Mitsuwa PCL 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. Thai Mitsuwa PCL's annualized net income for the quarter that ended in Dec. 2023 was ฿592 Mil. Thai Mitsuwa PCL's average shareholder tangible equity for the quarter that ended in Dec. 2023 was ฿2,985 Mil. Therefore, Thai Mitsuwa PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 19.84%.
The historical rank and industry rank for Thai Mitsuwa PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:TMW'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.51 Med: 9.24 Max: 17.33
Current: 15.87
During the past 13 years, Thai Mitsuwa PCL's highest Return-on-Tangible-Equity was 17.33%. The lowest was 2.51%. And the median was 9.24%.
BKK:TMW's Return-on-Tangible-Equity is ranked better than 82.6% of 1517
companies
in the Chemicals industry
Industry Median: 5.9
vs BKK:TMW: 15.87
Thai Mitsuwa PCL Return-on-Tangible-Equity Historical Data
The historical data trend for Thai Mitsuwa PCL'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 Thai Mitsuwa PCL's Return-on-Tangible-Equity
For the Specialty Chemicals subindustry, Thai Mitsuwa PCL'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.
Thai Mitsuwa PCL's Return-on-Tangible-Equity Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Thai Mitsuwa PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Thai Mitsuwa PCL'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.
Thai Mitsuwa PCL Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Thai Mitsuwa PCL's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Thai Mitsuwa PCL is a Thailand-based manufacturing company. The company's operating segment includes the manufacture and sales of plastic; the manufacture and sales of magnesium and the manufacture and sales of mold. It generates maximum revenue from the manufacture and sales of the magnesium segment. The product portfolio of the company includes Automotive parts comprising plastic parts for fenders front, rear panels, and door handles; Home Appliances comprising plastic parts for audio-video products like DVD and Home systems and magnesium products.
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