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Japan Airport Terminal Co (TSE:9706) ROE % : 13.43% (As of Sep. 2024)


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What is Japan Airport Terminal Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Japan Airport Terminal Co's annualized net income for the quarter that ended in Sep. 2024 was 円23,436 Mil. Japan Airport Terminal Co's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was 円174,455 Mil. Therefore, Japan Airport Terminal Co's annualized ROE % for the quarter that ended in Sep. 2024 was 13.43%.

The historical rank and industry rank for Japan Airport Terminal Co's ROE % or its related term are showing as below:

TSE:9706' s ROE % Range Over the Past 10 Years
Min: -21.48   Med: 6.05   Max: 22.24
Current: 13.91

During the past 13 years, Japan Airport Terminal Co's highest ROE % was 22.24%. The lowest was -21.48%. And the median was 6.05%.

TSE:9706's ROE % is ranked better than
68.67% of 948 companies
in the Transportation industry
Industry Median: 8.965 vs TSE:9706: 13.91

Japan Airport Terminal Co ROE % Historical Data

The historical data trend for Japan Airport Terminal 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.

Japan Airport Terminal Co ROE % Chart

Japan Airport Terminal Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.07 -21.48 -15.18 -2.56 12.09

Japan Airport Terminal Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 Premium Member Only Premium Member Only Premium Member Only 12.10 14.78 12.46 14.58 13.43

Competitive Comparison of Japan Airport Terminal Co's ROE %

For the Airports & Air Services subindustry, Japan Airport Terminal 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.


Japan Airport Terminal Co's ROE % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Japan Airport Terminal Co's ROE % distribution charts can be found below:

* The bar in red indicates where Japan Airport Terminal Co's ROE % falls into.



Japan Airport Terminal Co ROE % Calculation

Japan Airport Terminal Co'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 )
=19255/( (150287+168172)/ 2 )
=19255/159229.5
=12.09 %

Japan Airport Terminal Co's annualized ROE % for the quarter that ended in Sep. 2024 is calculated as

ROE %=Net Income (Q: Sep. 2024 )/( (Total Stockholders Equity (Q: Jun. 2024 )+Total Stockholders Equity (Q: Sep. 2024 ))/ count )
=23436/( (0+174455)/ 1 )
=23436/174455
=13.43 %

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


Japan Airport Terminal Co  (TSE:9706) 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: Sep. 2024 )
=Net Income/Total Stockholders Equity
=23436/174455
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(23436 / 265664)*(265664 / 459132)*(459132 / 174455)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.82 %*0.5786*2.6318
=ROA %*Equity Multiplier
=5.1 %*2.6318
=13.43 %

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: Sep. 2024 )
=Net Income/Total Stockholders Equity
=23436/174455
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (23436 / 38476) * (38476 / 40668) * (40668 / 265664) * (265664 / 459132) * (459132 / 174455)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6091 * 0.9461 * 15.31 % * 0.5786 * 2.6318
=13.43 %

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


Japan Airport Terminal Co ROE % Related Terms

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Japan Airport Terminal Co Business Description

Traded in Other Exchanges
Address
3-2, Haneda Airport 3-Chome, Ohta-ku, Tokyo, JPN, 144-0041
Japan Airport Terminal Co Ltd is a Japanese airport operations company. It is principally involved in the management and operation of Haneda airport terminal building. The company's business consists of three segments, Facilities Management, Merchandise Sales, and Food and Beverage. The segment of facilities management operations leases, maintains and repairs, and operates passenger terminal facilities at Haneda Airport. The segment of merchandise sales operations is engaged in retail sales of products to passengers and others and wholesales of products to companies operating airport terminals and others. The segment of food and beverage operations provides food and beverage services to parties including users of Haneda Airport and Narita International Airport.

Japan Airport Terminal Co Headlines

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