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. ABM Fujiya Bhd's annualized net income for the quarter that ended in Mar. 2024 was RM-28.9 Mil. ABM Fujiya Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2024 was RM142.9 Mil. Therefore, ABM Fujiya Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -20.26%.
The historical rank and industry rank for ABM Fujiya Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:5198'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.89 Med: 1.73 Max: 4.23
Current: -12.89
During the past 12 years, ABM Fujiya Bhd's highest Return-on-Tangible-Equity was 4.23%. The lowest was -12.89%. And the median was 1.73%.
XKLS:5198's Return-on-Tangible-Equity is ranked worse than 88.52% of 1246
companies
in the Vehicles & Parts industry
Industry Median: 8.605
vs XKLS:5198: -12.89
ABM Fujiya Bhd Return-on-Tangible-Equity Historical Data
The historical data trend for ABM Fujiya 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 ABM Fujiya Bhd's Return-on-Tangible-Equity
For the Auto Parts subindustry, ABM Fujiya 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.
ABM Fujiya Bhd's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, ABM Fujiya Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ABM Fujiya Bhd's Return-on-Tangible-Equity falls into.
ABM Fujiya Bhd Return-on-Tangible-Equity Calculation
ABM Fujiya Bhd's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 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.
ABM Fujiya Bhd (XKLS:5198) 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.
ABM Fujiya Bhd Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of ABM Fujiya Bhd's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
ABM Fujiya Bhd is engaged in investment holding activities. The company through its subsidiaries is involved in the manufacturing of automotive batteries and other batteries. In addition, it is also engaged in the dealing and retailing of automotive batteries and lubricants. The company is organized into two reportable segments, Manufacturing and Marketing. The manufacturing segment, which is the key revenue driver, includes the manufacturing and distribution of batteries, and the Marketing segment includes the marketing and retailing of batteries and lubricants. Its primary geographic markets are Malaysia, United Arab Emirates, Nigeria, Singapore, Australia, and others. Malaysia contributes to the majority of total revenue.
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