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Arbeit-Times Co (TSE:2341) ROE % : 2.71% (As of Aug. 2024)


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What is Arbeit-Times Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Arbeit-Times Co's annualized net income for the quarter that ended in Aug. 2024 was 円88 Mil. Arbeit-Times Co's average Total Stockholders Equity over the quarter that ended in Aug. 2024 was 円3,256 Mil. Therefore, Arbeit-Times Co's annualized ROE % for the quarter that ended in Aug. 2024 was 2.71%.

The historical rank and industry rank for Arbeit-Times Co's ROE % or its related term are showing as below:

TSE:2341' s ROE % Range Over the Past 10 Years
Min: -10.73   Med: 5.46   Max: 20.2
Current: -1.2

During the past 13 years, Arbeit-Times Co's highest ROE % was 20.20%. The lowest was -10.73%. And the median was 5.46%.

TSE:2341's ROE % is ranked worse than
59.98% of 967 companies
in the Media - Diversified industry
Industry Median: 2.13 vs TSE:2341: -1.20

Arbeit-Times Co ROE % Historical Data

The historical data trend for Arbeit-Times Co'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.

Arbeit-Times Co ROE % Chart

Arbeit-Times Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.49 -10.73 0.92 1.03 -0.87

Arbeit-Times Co 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 0.13 2.10 -10.22 1.00 2.71

Competitive Comparison of Arbeit-Times Co's ROE %

For the Publishing subindustry, Arbeit-Times Co'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.


Arbeit-Times Co's ROE % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Arbeit-Times Co's ROE % distribution charts can be found below:

* The bar in red indicates where Arbeit-Times Co's ROE % falls into.



Arbeit-Times Co ROE % Calculation

Arbeit-Times Co's annualized ROE % for the fiscal year that ended in Feb. 2024 is calculated as

ROE %=Net Income (A: Feb. 2024 )/( (Total Stockholders Equity (A: Feb. 2023 )+Total Stockholders Equity (A: Feb. 2024 ))/ count )
=-32.837/( (4212.893+3330.555)/ 2 )
=-32.837/3771.724
=-0.87 %

Arbeit-Times Co's annualized ROE % for the quarter that ended in Aug. 2024 is calculated as

ROE %=Net Income (Q: Aug. 2024 )/( (Total Stockholders Equity (Q: May. 2024 )+Total Stockholders Equity (Q: Aug. 2024 ))/ count )
=88.36/( (3244.638+3266.612)/ 2 )
=88.36/3255.625
=2.71 %

* 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 (Aug. 2024) net income data. ROE % is displayed in the 30-year financial page.


Arbeit-Times Co  (TSE:2341) 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: Aug. 2024 )
=Net Income/Total Stockholders Equity
=88.36/3255.625
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(88.36 / 3972.172)*(3972.172 / 3894.683)*(3894.683 / 3255.625)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.22 %*1.0199*1.1963
=ROA %*Equity Multiplier
=2.26 %*1.1963
=2.71 %

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: Aug. 2024 )
=Net Income/Total Stockholders Equity
=88.36/3255.625
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (88.36 / -25.88) * (-25.88 / -38.264) * (-38.264 / 3972.172) * (3972.172 / 3894.683) * (3894.683 / 3255.625)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= -3.4142 * 0.6764 * -0.96 % * 1.0199 * 1.1963
=2.71 %

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


Arbeit-Times Co ROE % Related Terms

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Arbeit-Times Co Business Description

Traded in Other Exchanges
N/A
Address
2-1-14 Nihonbashi, Chiyoda-ku, Tokyo, JPN, 101-0041
Arbeit-Times Co Ltd is a Japan-based company engaged in the business of publishing magazines. The company edits and issues free job recruitment magazine under the brand name DOMO. It also provides job-related information through its online websites. In addition, it is also involved in the free paper agent intermediary and direct promotion business activities.

Arbeit-Times Co Headlines

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