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Natoco Co (TSE:4627) Return-on-Tangible-Equity : 4.25% (As of Apr. 2024)


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What is Natoco 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. Natoco Co's annualized net income for the quarter that ended in Apr. 2024 was 円958 Mil. Natoco Co's average shareholder tangible equity for the quarter that ended in Apr. 2024 was 円22,565 Mil. Therefore, Natoco Co's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2024 was 4.25%.

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

TSE:4627' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.81   Med: 5.51   Max: 8.38
Current: 4.94

During the past 13 years, Natoco Co's highest Return-on-Tangible-Equity was 8.38%. The lowest was 3.81%. And the median was 5.51%.

TSE:4627's Return-on-Tangible-Equity is ranked worse than
53.7% of 1529 companies
in the Chemicals industry
Industry Median: 5.62 vs TSE:4627: 4.94

Natoco Co Return-on-Tangible-Equity Historical Data

The historical data trend for Natoco 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.

Natoco Co Return-on-Tangible-Equity Chart

Natoco Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.47 5.54 8.38 7.22 4.32

Natoco Co Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 3.63 7.08 6.20 2.29 4.25

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

For the Specialty Chemicals subindustry, Natoco 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.


Natoco Co's Return-on-Tangible-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Natoco Co's Return-on-Tangible-Equity distribution charts can be found below:

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



Natoco Co Return-on-Tangible-Equity Calculation

Natoco Co'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 )
=951.209/( (21689.967+22393.199 )/ 2 )
=951.209/22041.583
=4.32 %

Natoco Co's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Apr. 2024 )  (Q: Jan. 2024 )(Q: Apr. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Apr. 2024 )  (Q: Jan. 2024 )(Q: Apr. 2024 )
=958.124/( (22316.327+22814.566)/ 2 )
=958.124/22565.4465
=4.25 %

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


Natoco Co  (TSE:4627) 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.


Natoco Co Return-on-Tangible-Equity Related Terms

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


Natoco Co Business Description

Traded in Other Exchanges
N/A
Address
18 Shogayama Uchikoshi-cho, Miyoshi-shi Aichi, Miyoshi, JPN, 470-0213
Natoco Co Ltd is engaged in the business of manufacturing and sales of paints, ink, plastics, and fine chemical products and sales of related products. It also engaged in the collection, transportation, and disposal of industrial waste products. Its other products include such as toning system, general purpose thinner, environment compatible equipment.

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