East Japan Railway Co (East Japan Railway Co) Return-on-Tangible-Equity : 11.39% (As of Dec. 2023)

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What is East Japan Railway Co Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. East Japan Railway Co's annualized net income for the quarter that ended in Dec. 2023 was $1,893 Mil. East Japan Railway Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $16,628 Mil. Therefore, East Japan Railway Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 11.39%.

The historical rank and industry rank for East Japan Railway Co's Return-on-Tangible-Equity or its related term are showing as below:

EJPRY' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -21.38 Med: 9.25 Max: 11.46
Current: 9.04

During the past 13 years, East Japan Railway Co's highest Return-on-Tangible-Equity was 11.46%. The lowest was -21.38%. And the median was 9.25%.

EJPRY's Return-on-Tangible-Equity is ranked worse than
53.58% of 937 companies
in the Transportation industry
Industry Median: 9.83 vs EJPRY: 9.04

East Japan Railway Co Return-on-Tangible-Equity Historical Data

The historical data trend for East Japan Railway Co's Return-on-Tangible-Equity 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-Equity Chart

East Japan Railway Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Return-on-Tangible-Equity

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10.12

6.74

-21.27

-3.93

4.15

East Japan Railway Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Return-on-Tangible-Equity	Get a 7-Day Free Trial															8.33	4.71	7.58	11.96	11.39

Competitive Comparison of East Japan Railway Co's Return-on-Tangible-Equity

For the Railroads subindustry, East Japan Railway Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, East Japan Railway Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where East Japan Railway Co's Return-on-Tangible-Equity falls into.

East Japan Railway Co Return-on-Tangible-Equity Calculation

East Japan Railway Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	742.397	/	( (18763.752	+	17016.106 )	/ 2 )
	=	742.397	/	17889.929
	=	4.15 %

East Japan Railway Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1893.436	/	( (16248.923	+	17006.976)	/ 2 )
	=	1893.436	/	16627.9495
	=	11.39 %

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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. Return-on-Tangible-Equity is displayed in the 10-year financial page.

East Japan Railway Co (OTCPK:EJPRY) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.

Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity 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 Return-on-Tangible-Equitys can be extremely high.

East Japan Railway Co Return-on-Tangible-Equity Related Terms

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East Japan Railway Co (East Japan Railway Co) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

9020:Japan EJR0:Germany EJR:Germany EJR:Germany

Address

2-2, Yoyogi 2-chome, Shibuya-ku, Tokyo, JPN, 151-8578

Website

http://www.jreast.co.jp

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.