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JEIO Co (XKRX:418550) Return-on-Tangible-Equity : 0.65% (As of Jun. 2024)


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What is JEIO 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. JEIO Co's annualized net income for the quarter that ended in Jun. 2024 was ₩1,046 Mil. JEIO Co's average shareholder tangible equity for the quarter that ended in Jun. 2024 was ₩161,733 Mil. Therefore, JEIO Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was 0.65%.

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

XKRX:418550' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -54.27   Med: -13.29   Max: 18.09
Current: 9.54

During the past 3 years, JEIO Co's highest Return-on-Tangible-Equity was 18.09%. The lowest was -54.27%. And the median was -13.29%.

XKRX:418550's Return-on-Tangible-Equity is ranked better than
65.18% of 2349 companies
in the Hardware industry
Industry Median: 5.24 vs XKRX:418550: 9.54

JEIO Co Return-on-Tangible-Equity Historical Data

The historical data trend for JEIO 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.

JEIO Co Return-on-Tangible-Equity Chart

JEIO Co Annual Data
Trend Dec21 Dec22 Dec23
Return-on-Tangible-Equity
-54.27 -13.29 18.09

JEIO Co Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.24 9.37 27.18 4.68 0.65

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

For the Electronic Components subindustry, JEIO 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.


JEIO Co's Return-on-Tangible-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, JEIO Co's Return-on-Tangible-Equity distribution charts can be found below:

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



JEIO Co Return-on-Tangible-Equity Calculation

JEIO Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=17419.292/( (58684.8+133853.713 )/ 2 )
=17419.292/96269.2565
=18.09 %

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

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=1046.496/( (135822.086+187643.879)/ 2 )
=1046.496/161732.9825
=0.65 %

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


JEIO Co  (XKRX:418550) 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.


JEIO Co Return-on-Tangible-Equity Related Terms

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


JEIO Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
263, Central-ro, BS Tower 907, Yeonsu-gu, Incheon, KOR
JEIO Co Ltd produces Carbon Nanotubes that enhance the performance of a secondary battery, The company produces secondary batteries carbon nanotube conductive materials, advanced nano materials, secondary battery materials, physicochemical equipment, reactors, and other related products.

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