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. Sotsu Co's annualized net income for the quarter that ended in Nov. 2019 was $17.55 Mil. Sotsu Co's average shareholder tangible equity for the quarter that ended in Nov. 2019 was $213.63 Mil. Therefore, Sotsu Co's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2019 was 8.22%.
The historical rank and industry rank for Sotsu Co's Return-on-Tangible-Equity or its related term are showing as below:
STUAF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.72 Med: 11.1 Max: 13.38
Current: 8.24
During the past 12 years, Sotsu Co's highest Return-on-Tangible-Equity was 13.38%. The lowest was 7.72%. And the median was 11.10%.
STUAF's Return-on-Tangible-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 5.42
vs STUAF: 8.24
Sotsu Co Return-on-Tangible-Equity Historical Data
The historical data trend for Sotsu 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 Sotsu Co's Return-on-Tangible-Equity
For the Entertainment subindustry, Sotsu 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.
Sotsu Co's Return-on-Tangible-Equity Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Sotsu Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sotsu Co's Return-on-Tangible-Equity falls into.
Sotsu Co Return-on-Tangible-Equity Calculation
Sotsu Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Aug. 2019 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 (Nov. 2019) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Sotsu Co (GREY:STUAF) 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.
Sotsu Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Sotsu Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Sotsu Co Ltd operates as an entertainment company in Japan. It works in Media division, Rights division, and Sports division. The Media division produces animations by planning and creating animated programmes with animation production companies. The Rights business division provides merchandising licenses for the animation characters to its partner companies including toy, game, food, miscellaneous goods, and apparel manufacturers among others, and the Sport business promote the merchandising of the baseball team's products and act as a copyright contract agency for professional baseball teams, and sell the merchandise to baseball team goods stores both inside and outside the stadium.
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