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Pasona Group (TSE:2168) ROE % : 386.52% (As of May. 2024)


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What is Pasona Group ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Pasona Group's annualized net income for the quarter that ended in May. 2024 was 円386,576 Mil. Pasona Group's average Total Stockholders Equity over the quarter that ended in May. 2024 was 円100,016 Mil. Therefore, Pasona Group's annualized ROE % for the quarter that ended in May. 2024 was 386.52%.

The historical rank and industry rank for Pasona Group's ROE % or its related term are showing as below:

TSE:2168' s ROE % Range Over the Past 10 Years
Min: -0.68   Med: 6.82   Max: 131.36
Current: 131.36

During the past 13 years, Pasona Group's highest ROE % was 131.36%. The lowest was -0.68%. And the median was 6.82%.

TSE:2168's ROE % is ranked better than
98.15% of 1028 companies
in the Business Services industry
Industry Median: 8.375 vs TSE:2168: 131.36

Pasona Group ROE % Historical Data

The historical data trend for Pasona Group'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.

Pasona Group ROE % Chart

Pasona Group Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.97 19.39 19.56 11.73 94.71

Pasona Group Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 Premium Member Only Premium Member Only Premium Member Only 1.40 -0.32 -6.89 386.52 -3.22

Competitive Comparison of Pasona Group's ROE %

For the Staffing & Employment Services subindustry, Pasona Group'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.


Pasona Group's ROE % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Pasona Group's ROE % distribution charts can be found below:

* The bar in red indicates where Pasona Group's ROE % falls into.



Pasona Group ROE % Calculation

Pasona Group's annualized ROE % for the fiscal year that ended in May. 2024 is calculated as

ROE %=Net Income (A: May. 2024 )/( (Total Stockholders Equity (A: May. 2023 )+Total Stockholders Equity (A: May. 2024 ))/ count )
=95891/( (53998+148487)/ 2 )
=95891/101242.5
=94.71 %

Pasona Group's annualized ROE % for the quarter that ended in May. 2024 is calculated as

ROE %=Net Income (Q: May. 2024 )/( (Total Stockholders Equity (Q: Feb. 2024 )+Total Stockholders Equity (Q: May. 2024 ))/ count )
=386576/( (51544+148487)/ 2 )
=386576/100015.5
=386.52 %

* 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 four times the quarterly (May. 2024) net income data. ROE % is displayed in the 30-year financial page.


Pasona Group  (TSE:2168) 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: May. 2024 )
=Net Income/Total Stockholders Equity
=386576/100015.5
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(386576 / 364700)*(364700 / 277793.5)*(277793.5 / 100015.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=106 %*1.3128*2.7775
=ROA %*Equity Multiplier
=139.16 %*2.7775
=386.52 %

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: May. 2024 )
=Net Income/Total Stockholders Equity
=386576/100015.5
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (386576 / 407136) * (407136 / 8480) * (8480 / 364700) * (364700 / 277793.5) * (277793.5 / 100015.5)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9495 * 48.0113 * 2.33 % * 1.3128 * 2.7775
=386.52 %

Note: The net income data used here is four times the quarterly (May. 2024) net income data. The Revenue data used here is four times the quarterly (May. 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.


Pasona Group ROE % Related Terms

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Pasona Group Business Description

Traded in Other Exchanges
N/A
Address
Otemachi 2-6-4, Chiyoda-ku, Tokyo, JPN, 100-8228
Pasona Group Inc provides human resource related support services. Its segments are Expert services, Insourcing, Others, Career solutions and outsourcing. The segments encompass human resource (HR) solutions, temporary staffing, contracting HR consulting, education and training, place and search, global overseas sourcing career placement, recruiting and outplacement, outsourcing, life solutions and public solutions. Expert services segment generates the majority of the revenues for the company.

Pasona Group Headlines

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