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Kura Sushi (TSE:2695) Return-on-Tangible-Equity : 3.41% (As of Jul. 2024)


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What is Kura Sushi 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. Kura Sushi's annualized net income for the quarter that ended in Jul. 2024 was 円1,972 Mil. Kura Sushi's average shareholder tangible equity for the quarter that ended in Jul. 2024 was 円57,854 Mil. Therefore, Kura Sushi's annualized Return-on-Tangible-Equity for the quarter that ended in Jul. 2024 was 3.41%.

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

TSE:2695' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.6   Med: 7.49   Max: 17.61
Current: 5.78

During the past 13 years, Kura Sushi's highest Return-on-Tangible-Equity was 17.61%. The lowest was -0.60%. And the median was 7.49%.

TSE:2695's Return-on-Tangible-Equity is ranked worse than
61.08% of 316 companies
in the Restaurants industry
Industry Median: 10.2 vs TSE:2695: 5.78

Kura Sushi Return-on-Tangible-Equity Historical Data

The historical data trend for Kura Sushi'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.

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Kura Sushi Return-on-Tangible-Equity Chart

Kura Sushi Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.60 4.16 1.53 1.66 5.83

Kura Sushi Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 11.44 9.31 19.09 3.41 -8.56

Competitive Comparison of Kura Sushi's Return-on-Tangible-Equity

For the Restaurants subindustry, Kura Sushi'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.


Kura Sushi's Return-on-Tangible-Equity Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Kura Sushi's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Kura Sushi's Return-on-Tangible-Equity falls into.



Kura Sushi Return-on-Tangible-Equity Calculation

Kura Sushi's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Oct. 2024 )  (A: Oct. 2023 )(A: Oct. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Oct. 2024 )  (A: Oct. 2023 )(A: Oct. 2024 )
=3226/( (53967+56782 )/ 2 )
=3226/55374.5
=5.83 %

Kura Sushi's annualized Return-on-Tangible-Equity for the quarter that ended in Jul. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jul. 2024 )  (Q: Apr. 2024 )(Q: Jul. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jul. 2024 )  (Q: Apr. 2024 )(Q: Jul. 2024 )
=1972/( (57854+0)/ 1 )
=1972/57854
=3.41 %

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


Kura Sushi  (TSE:2695) 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.


Kura Sushi Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Kura Sushi's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Kura Sushi Business Description

Traded in Other Exchanges
N/A
Address
1-2-1 Fukasaka, Naka-ku, Sakai-shi, Osaka, JPN, 599-8253
Kura Sushi Inc operates a chain of close to 400 sushi restaurants in Japan. Kura's restaurants pledge to serve natural, organic, additive-free food that is devoid of chemical seasonings and artificial sweeteners, colorings, and preservatives. They operate as revolving sushi restaurants using the conveyor belt method to serve customers, which keeps staff requirements low. The method entails customers choosing and grabbing their sushi preferences as the options rotate in front of them on a conveyor belt.

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