Tosei Reit Investment (TSE:3451) Return-on-Tangible-Equity : 6.72% (As of Oct. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Tosei Reit Investment 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. Tosei Reit Investment's annualized net income for the quarter that ended in Oct. 2023 was 円2,703 Mil. Tosei Reit Investment's average shareholder tangible equity for the quarter that ended in Oct. 2023 was 円40,191 Mil. Therefore, Tosei Reit Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2023 was 6.72%.

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

TSE:3451' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.82 Med: 7.02 Max: 8.32
Current: 6.82

During the past 9 years, Tosei Reit Investment's highest Return-on-Tangible-Equity was 8.32%. The lowest was 4.82%. And the median was 7.02%.

TSE:3451's Return-on-Tangible-Equity is ranked better than
62.85% of 794 companies
in the REITs industry
Industry Median: 4.675 vs TSE:3451: 6.82

Tosei Reit Investment Return-on-Tangible-Equity Historical Data

The historical data trend for Tosei Reit Investment'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.

Tosei Reit Investment Return-on-Tangible-Equity Chart

Tosei Reit Investment Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Return-on-Tangible-Equity

Get a 7-Day Free Trial

8.32

7.56

6.97

6.76

6.68

Tosei Reit Investment Semi-Annual Data
	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Return-on-Tangible-Equity	Get a 7-Day Free Trial														6.69	6.59	6.66	6.72	6.86

Competitive Comparison of Tosei Reit Investment's Return-on-Tangible-Equity

For the REIT - Diversified subindustry, Tosei Reit Investment'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.

Tosei Reit Investment's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Tosei Reit Investment's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Tosei Reit Investment's Return-on-Tangible-Equity falls into.

Tosei Reit Investment Return-on-Tangible-Equity Calculation

Tosei Reit Investment's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	2682.71	/	( (39961.186	+	40404.71 )	/ 2 )
	=	2682.71	/	40182.948
	=	6.68 %

Tosei Reit Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	2702.812	/	( (39977.335	+	40404.71)	/ 2 )
	=	2702.812	/	40191.0225
	=	6.72 %

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 two times the semi-annual (Oct. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Tosei Reit Investment (TSE:3451) 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.

Tosei Reit Investment Return-on-Tangible-Equity Related Terms

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

Tosei Reit Investment (TSE:3451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tosei Reit Investment Corp (TSE:3451) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Toranomon Tosei Building, 4-2-3 Toranomon, Minato-ku, Tokyo, JPN

Website

http://www.toseicorp.co.jp

Tosei Reit Investment Corp is a Japanese company operating in the real estate industry. The company invests in real estate and other assets and the investments are spread across Offices, Commercial facility and Housing.

Tosei Reit Investment (TSE:3451) Headlines

No Headlines