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. Toyota Tsusho's annualized net income for the quarter that ended in Sep. 2024 was 円342,872 Mil. Toyota Tsusho's average shareholder tangible equity for the quarter that ended in Sep. 2024 was 円2,210,188 Mil. Therefore, Toyota Tsusho's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was 15.51%.
The historical rank and industry rank for Toyota Tsusho's Return-on-Tangible-Equity or its related term are showing as below:
TSE:8015'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.46 Med: 13.37 Max: 17.31
Current: 15.99
During the past 13 years, Toyota Tsusho's highest Return-on-Tangible-Equity was 17.31%. The lowest was -2.46%. And the median was 13.37%.
TSE:8015's Return-on-Tangible-Equity is ranked better than 75% of 524
companies
in the Conglomerates industry
Industry Median: 6.995
vs TSE:8015: 15.99
Toyota Tsusho Return-on-Tangible-Equity Historical Data
The historical data trend for Toyota Tsusho'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 Toyota Tsusho's Return-on-Tangible-Equity
For the Conglomerates subindustry, Toyota Tsusho'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.
Toyota Tsusho's Return-on-Tangible-Equity Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Toyota Tsusho's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Toyota Tsusho's Return-on-Tangible-Equity falls into.
Toyota Tsusho Return-on-Tangible-Equity Calculation
Toyota Tsusho's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 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 (Sep. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Toyota Tsusho (TSE:8015) 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.
Toyota Tsusho Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Toyota Tsusho's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Toyota Tsusho Corporation is a trading company. The company has six major divisions. The Metal division processes and distributes various steel products, and others. Global Parts and Logistics division is engaged in warehousing and logistics services and others. Automobile division is engaged in automobile parts selling, used vehicles and parts exporting/importing, and others. Machinery, Energy and Plant Project division provides mechanical equipment, various industrial machineries, petroleum products and others. Chemical and Electronics division provides semiconductors, electronic devices, software, chemicals, resins and others. Food and Customer Services division manufactures and sells apparel, food and others. Asian market accounts for majority of the company's sales.
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