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Tokyo Chuo Auction Holdings (HKSE:01939) ROE % : -23.21% (As of Mar. 2024)


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What is Tokyo Chuo Auction Holdings ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Tokyo Chuo Auction Holdings's annualized net income for the quarter that ended in Mar. 2024 was HK$-56.98 Mil. Tokyo Chuo Auction Holdings's average Total Stockholders Equity over the quarter that ended in Mar. 2024 was HK$245.45 Mil. Therefore, Tokyo Chuo Auction Holdings's annualized ROE % for the quarter that ended in Mar. 2024 was -23.21%.

The historical rank and industry rank for Tokyo Chuo Auction Holdings's ROE % or its related term are showing as below:

HKSE:01939' s ROE % Range Over the Past 10 Years
Min: -12.18   Med: 3.01   Max: 43.63
Current: -12.18

During the past 9 years, Tokyo Chuo Auction Holdings's highest ROE % was 43.63%. The lowest was -12.18%. And the median was 3.01%.

HKSE:01939's ROE % is ranked worse than
83.12% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 5.565 vs HKSE:01939: -12.18

Tokyo Chuo Auction Holdings ROE % Historical Data

The historical data trend for Tokyo Chuo Auction Holdings's ROE % 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.

Tokyo Chuo Auction Holdings ROE % Chart

Tokyo Chuo Auction Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROE %
Get a 7-Day Free Trial Premium Member Only 3.01 2.98 3.00 -3.07 -10.87

Tokyo Chuo Auction Holdings Semi-Annual Data
Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.56 -12.06 1.24 -23.21 -0.97

Competitive Comparison of Tokyo Chuo Auction Holdings's ROE %

For the Specialty Retail subindustry, Tokyo Chuo Auction Holdings's ROE %, along with its competitors' market caps and ROE % 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.


Tokyo Chuo Auction Holdings's ROE % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tokyo Chuo Auction Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Tokyo Chuo Auction Holdings's ROE % falls into.



Tokyo Chuo Auction Holdings ROE % Calculation

Tokyo Chuo Auction Holdings's annualized ROE % for the fiscal year that ended in Mar. 2024 is calculated as

ROE %=Net Income (A: Mar. 2024 )/( (Total Stockholders Equity (A: Mar. 2023 )+Total Stockholders Equity (A: Mar. 2024 ))/ count )
=-26.89/( (259.317+235.636)/ 2 )
=-26.89/247.4765
=-10.87 %

Tokyo Chuo Auction Holdings's annualized ROE % for the quarter that ended in Mar. 2024 is calculated as

ROE %=Net Income (Q: Mar. 2024 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Mar. 2024 ))/ count )
=-56.978/( (255.262+235.636)/ 2 )
=-56.978/245.449
=-23.21 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Mar. 2024) net income data. ROE % is displayed in the 30-year financial page.


Tokyo Chuo Auction Holdings  (HKSE:01939) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-56.978/245.449
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-56.978 / 51.316)*(51.316 / 416.305)*(416.305 / 245.449)
=Net Margin %*Asset Turnover*Equity Multiplier
=-111.03 %*0.1233*1.6961
=ROA %*Equity Multiplier
=-13.69 %*1.6961
=-23.21 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-56.978/245.449
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-56.978 / -58.158) * (-58.158 / -56.278) * (-56.278 / 51.316) * (51.316 / 416.305) * (416.305 / 245.449)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9797 * 1.0334 * -109.67 % * 0.1233 * 1.6961
=-23.21 %

Note: The net income data used here is two times the semi-annual (Mar. 2024) net income data. The Revenue data used here is two times the semi-annual (Mar. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Tokyo Chuo Auction Holdings ROE % Related Terms

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Tokyo Chuo Auction Holdings Business Description

Traded in Other Exchanges
N/A
Address
16 Harcourt Road, 17th Floor, Far East Finance Centre, Tokyo, JPN, 104-0031
Tokyo Chuo Auction Holdings Ltd is an investment holding company. The company's operating segment includes the Operation of art auction and related business and Artwork sales. The company is in auctioneering a wide variety of artworks with emphasis on Chinese and Japanese artworks, including Chinese paintings and calligraphies, Chinese antiques and Japanese and Chinese teawares. It generates maximum revenue from the Operation of art auction and related business and Artwork sales segment. Geographically, it derives a majority of revenue from Japan.
Executives
Ando Eri 2202 Interest of your spouse
Ando Shokei 2101 Beneficial owner

Tokyo Chuo Auction Holdings Headlines

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