What is East Japan Railway Co Return-on-Tangible-Asset?
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. East Japan Railway Co's annualizedNet Income for the quarter that ended in Dec. 2023 was $1,893 Mil. East Japan Railway Co's average total tangible assets for the quarter that ended in Dec. 2023 was $64,316 Mil. Therefore, East Japan Railway Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 2.94%.
The historical rank and industry rank for East Japan Railway Co's Return-on-Tangible-Asset or its related term are showing as below:
EJPRY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.73 Med: 2.61 Max: 3.65
Current: 2.3
During the past 13 years, East Japan Railway Co's highest Return-on-Tangible-Asset was 3.65%. The lowest was -6.73%. And the median was 2.61%.
EJPRY's Return-on-Tangible-Asset is ranked worse than 64.76% of 979
companies
in the Transportation industry
Industry Median: 3.89
vs EJPRY: 2.30
East Japan Railway Co Return-on-Tangible-Asset Historical Data
The historical data trend for East Japan Railway Co's Return-on-Tangible-Asset 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.
East Japan Railway Co Return-on-Tangible-Asset Chart
Competitive Comparison of East Japan Railway Co's Return-on-Tangible-Asset
For the Railroads subindustry, East Japan Railway Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
East Japan Railway Co's Return-on-Tangible-Asset Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, East Japan Railway Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where East Japan Railway Co's Return-on-Tangible-Asset falls into.
East Japan Railway Co Return-on-Tangible-Asset Calculation
East Japan Railway Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2023 is calculated as:
* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Dec. 2023) net income data.
East Japan Railway Co (OTCPK:EJPRY) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
East Japan Railway Co Return-on-Tangible-Asset Related Terms
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East Japan Railway Co (East Japan Railway Co) Business Description
East Japan Railway Company, or JR East, is the largest railway operator in Japan. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987, though it wasn't fully privatized until 2002. It runs both long distance bullet trains, known as Shinkansen, and shorter municipal train routes around and from Tokyo. Its 7,400 kilometers of rail track covers half of Japan's population and a third of the country's land area. Two thirds of revenue is from transportation, with most of the rest from retail operations and real estate investments.
East Japan Railway Co (East Japan Railway Co) Headlines
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