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. Mani's annualized net income for the quarter that ended in Feb. 2024 was 円6,472 Mil. Mani's average shareholder tangible equity for the quarter that ended in Feb. 2024 was 円49,285 Mil. Therefore, Mani's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2024 was 13.13%.
The historical rank and industry rank for Mani's Return-on-Tangible-Equity or its related term are showing as below:
TSE:7730'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.5 Med: 12.13 Max: 18.2
Current: 13.82
During the past 13 years, Mani's highest Return-on-Tangible-Equity was 18.20%. The lowest was 9.50%. And the median was 12.13%.
TSE:7730's Return-on-Tangible-Equity is ranked better than 76.18% of 760
companies
in the Medical Devices & Instruments industry
Industry Median: 1.395
vs TSE:7730: 13.82
Mani Return-on-Tangible-Equity Historical Data
The historical data trend for Mani'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 Mani's Return-on-Tangible-Equity
For the Medical Instruments & Supplies subindustry, Mani'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.
Mani's Return-on-Tangible-Equity Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Mani's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mani's Return-on-Tangible-Equity falls into.
Mani Return-on-Tangible-Equity Calculation
Mani's annualized Return-on-Tangible-Equity for the fiscal year that ended in Aug. 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 (Feb. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Mani Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Mani's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Mani, Inc. manufactures medical devices and dental instruments. It sells products in four categories: surgical instruments, ophthalmic instruments, suture needles, and dental instruments. Mani's surgical products include instruments such as staplers, vessel knives, and bone saws. Its ophthalmic instruments include a range of knives used during eye surgery and ophthalmic sutures. Mani's suture needles business includes a variety of taper point and cutting eyeless needles, which require suture attachment and sterilization by the customer, as well as stainless-steel eyed needles. The firm's dental instruments include endodontic instruments and accessories, root canal equipment, and finishing and polishing instruments.
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