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. JM Holdings Co's annualized net income for the quarter that ended in Jan. 2024 was 円7,264 Mil. JM Holdings Co's average shareholder tangible equity for the quarter that ended in Jan. 2024 was 円37,972 Mil. Therefore, JM Holdings Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was 19.13%.
The historical rank and industry rank for JM Holdings Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3539'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.51 Med: 14.93 Max: 19.09
Current: 13.93
During the past 9 years, JM Holdings Co's highest Return-on-Tangible-Equity was 19.09%. The lowest was 12.51%. And the median was 14.93%.
TSE:3539's Return-on-Tangible-Equity is ranked better than 54.85% of 299
companies
in the Retail - Defensive industry
Industry Median: 12.09
vs TSE:3539: 13.93
JM Holdings Co Return-on-Tangible-Equity Historical Data
The historical data trend for JM Holdings 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 JM Holdings Co's Return-on-Tangible-Equity
For the Grocery Stores subindustry, JM Holdings 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.
JM Holdings Co's Return-on-Tangible-Equity Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, JM Holdings Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where JM Holdings Co's Return-on-Tangible-Equity falls into.
JM Holdings Co Return-on-Tangible-Equity Calculation
JM Holdings Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jul. 2023 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 (Jan. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
JM Holdings Co (TSE:3539) 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.
JM Holdings Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of JM Holdings Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
JM Holdings Co Ltd operates food supermarkets that retail meat products, fresh vegetables, fishes and other daily food products. The company also manages beef barbecue restaurants. It offers meat products, including meat processed goods, and frozen and refrigerated processed products, as well as meat of cow, chicken, and ham, as well as pork; food products comprising seasonings, processed foods, rice, bread, sake, noodles, eggs, dairy products; and vegetables, fruits, vegetables and fruits processed products, fresh juices, and cakes. It also provides fish products, sushi, dried fish, seaweed, shellfish, crustaceans, marine processing; and prepared foods, including lunch and fried foods, and tonkatsu, as well as salads, boiled foods, pottery, steamed foods.
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