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Karula Co (TSE:2789) Return-on-Tangible-Equity : -1.03% (As of Nov. 2023)


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What is Karula 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. Karula Co's annualized net income for the quarter that ended in Nov. 2023 was 円-16 Mil. Karula Co's average shareholder tangible equity for the quarter that ended in Nov. 2023 was 円1,577 Mil. Therefore, Karula Co's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2023 was -1.03%.

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

TSE:2789' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -42.6   Med: 0.46   Max: 18.63
Current: 18.63

During the past 13 years, Karula Co's highest Return-on-Tangible-Equity was 18.63%. The lowest was -42.60%. And the median was 0.46%.

TSE:2789's Return-on-Tangible-Equity is ranked better than
62.86% of 315 companies
in the Restaurants industry
Industry Median: 11.36 vs TSE:2789: 18.63

Karula Co Return-on-Tangible-Equity Historical Data

The historical data trend for Karula 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.

Karula Co Return-on-Tangible-Equity Chart

Karula Co Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.31 -0.54 -42.60 -29.70 -4.89

Karula Co Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 2.20 -28.88 36.43 66.06 -1.03

Competitive Comparison of Karula Co's Return-on-Tangible-Equity

For the Restaurants subindustry, Karula 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.


Karula Co's Return-on-Tangible-Equity Distribution in the Restaurants Industry

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

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



Karula Co Return-on-Tangible-Equity Calculation

Karula Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Feb. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Feb. 2023 )  (A: Feb. 2022 )(A: Feb. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Feb. 2023 )  (A: Feb. 2022 )(A: Feb. 2023 )
=-61.351/( (1288.232+1222.314 )/ 2 )
=-61.351/1255.273
=-4.89 %

Karula Co's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Nov. 2023 )  (Q: Aug. 2023 )(Q: Nov. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Nov. 2023 )  (Q: Aug. 2023 )(Q: Nov. 2023 )
=-16.248/( (1579.649+1575.025)/ 2 )
=-16.248/1577.337
=-1.03 %

* 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. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Karula Co  (TSE:2789) 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.


Karula Co Return-on-Tangible-Equity Related Terms

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


Karula Co (TSE:2789) Business Description

Traded in Other Exchanges
N/A
Address
9-2-9 Tomiya Kurokawa-gun, Miyagi Prefecture, Narita, JPN, 981-3341
Karula Co., LTD operates restaurants chain in Japan. The brads under the group include MARUMATSU 99 shops, kotobuki 3 shop, kabe masamune 3 shops, and soba recycle mar matsu 6 store.

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