What is Sports Toto Bhd 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. Sports Toto Bhd's annualized net income for the quarter that ended in Mar. 2024 was RM274 Mil. Sports Toto Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2024 was RM368 Mil. Therefore, Sports Toto Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 74.48%.
The historical rank and industry rank for Sports Toto Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:1562'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 65.4 Med: 173.08 Max: 1091.53
Current: 65.4
During the past 13 years, Sports Toto Bhd's highest Return-on-Tangible-Equity was 1,091.53%. The lowest was 65.40%. And the median was 173.08%.
XKLS:1562's Return-on-Tangible-Equity is ranked better than 84.02% of 757
companies
in the Travel & Leisure industry
Industry Median: 8.16
vs XKLS:1562: 65.40
Sports Toto Bhd Return-on-Tangible-Equity Historical Data
The historical data trend for Sports Toto Bhd'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 Sports Toto Bhd's Return-on-Tangible-Equity
For the Gambling subindustry, Sports Toto Bhd'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.
Sports Toto Bhd's Return-on-Tangible-Equity Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Sports Toto Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sports Toto Bhd's Return-on-Tangible-Equity falls into.
Sports Toto Bhd Return-on-Tangible-Equity Calculation
Sports Toto Bhd's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Sports Toto Bhd (XKLS:1562) 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.
Sports Toto Bhd Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Sports Toto Bhd's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Sports Toto Bhd is a Malaysian company principally engaged in the operations of Toto betting. The company is also involved in other businesses which includes motor retailing, repair and maintenance, and provision of aftersales and insurance services. It is also involved in the operation of a hotel in the Philippines and luxury motor retailing in the United Kingdom, and Development, manufacturing and distribution of computerised wagering and voting systems and provision of software licences and support. Geographically, its presence can be seen in Malaysian, United Kingdom and other international markets of which United Kingdom accounts for a larger share of the revenue.
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