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Toho Gas Co (FRA:59W) Return-on-Tangible-Equity : 3.97% (As of Sep. 2024)


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What is Toho Gas 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. Toho Gas Co's annualized net income for the quarter that ended in Sep. 2024 was €109 Mil. Toho Gas Co's average shareholder tangible equity for the quarter that ended in Sep. 2024 was €2,749 Mil. Therefore, Toho Gas Co's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was 3.97%.

The historical rank and industry rank for Toho Gas Co's Return-on-Tangible-Equity or its related term are showing as below:

FRA:59W' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.59   Med: 5.94   Max: 15.45
Current: 4.79

During the past 13 years, Toho Gas Co's highest Return-on-Tangible-Equity was 15.45%. The lowest was 2.59%. And the median was 5.94%.

FRA:59W's Return-on-Tangible-Equity is ranked worse than
74.6% of 504 companies
in the Utilities - Regulated industry
Industry Median: 10.495 vs FRA:59W: 4.79

Toho Gas Co Return-on-Tangible-Equity Historical Data

The historical data trend for Toho Gas 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.

* Premium members only.

Toho Gas Co Return-on-Tangible-Equity Chart

Toho Gas Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.28 2.49 4.26 8.46 6.17

Toho Gas Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Return-on-Tangible-Equity Get a 7-Day Free Trial 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 5.63 0.83 1.66 11.84 3.97

Competitive Comparison of Toho Gas Co's Return-on-Tangible-Equity

For the Utilities - Regulated Gas subindustry, Toho Gas 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.


Toho Gas Co's Return-on-Tangible-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Toho Gas Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Toho Gas Co's Return-on-Tangible-Equity falls into.



Toho Gas Co Return-on-Tangible-Equity Calculation

Toho Gas Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=167.667/( (2722.139+2715.26 )/ 2 )
=167.667/2718.6995
=6.17 %

Toho Gas Co's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=109.112/( (0+2749.092)/ 1 )
=109.112/2749.092
=3.97 %

* 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 (Sep. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Toho Gas Co  (FRA:59W) 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.


Toho Gas Co Return-on-Tangible-Equity Related Terms

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Toho Gas Co Business Description

Traded in Other Exchanges
Address
19-18,Sakurada-cho, Atsuta-ku, Nagoya, JPN, 456-8511
Toho Gas Co Ltd is a Japanese natural gas provider operating in the Tokai region of the Japanese island of Honshu. Toho Gas is mainly involved in the supply and distribution of natural gas and liquefied petroleum gas, or LPG, to urban areas within Tokai. The company segments its operations into Gas Sales, Gas Appliance Sales and Related Construction, and LPG and Other Energies business units. Toho Gas's Gas Sales division derives the vast majority of the company's total revenue from the sale and supply of natural gas to the many manufacturing plants and industrial customers that inhabit its home region. The company's sales of LPG and thermal energy to mainly industrial consumers also represent a significant revenue stream. Toho Gas is one of the largest city gas providers in Japan.

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