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. ANA Holdings's annualized net income for the quarter that ended in Dec. 2023 was €1,420 Mil. ANA Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2023 was €5,786 Mil. Therefore, ANA Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 24.54%.
The historical rank and industry rank for ANA Holdings's Return-on-Tangible-Equity or its related term are showing as below:
FRA:ANCA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -44.16 Med: 11.55 Max: 18.32
Current: 18.02
During the past 13 years, ANA Holdings's highest Return-on-Tangible-Equity was 18.32%. The lowest was -44.16%. And the median was 11.55%.
FRA:ANCA's Return-on-Tangible-Equity is ranked better than 70.51% of 936
companies
in the Transportation industry
Industry Median: 9.77
vs FRA:ANCA: 18.02
ANA Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for ANA 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 ANA Holdings's Return-on-Tangible-Equity
For the Airlines subindustry, ANA 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.
ANA Holdings's Return-on-Tangible-Equity Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, ANA Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ANA Holdings's Return-on-Tangible-Equity falls into.
ANA Holdings Return-on-Tangible-Equity Calculation
ANA Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
ANA Holdings (FRA:ANCA) 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.
ANA Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of ANA Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. In February 2024, it will launch Air Japan to provide discount airline services to Southeast Asia. Pre-COVID-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.
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