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Tokyu Reit (Tokyu Reit) Return-on-Tangible-Equity : 6.68% (As of Jul. 2023)


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What is Tokyu Reit 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. Tokyu Reit's annualized net income for the quarter that ended in Jul. 2023 was $60.5 Mil. Tokyu Reit's average shareholder tangible equity for the quarter that ended in Jul. 2023 was $905.3 Mil. Therefore, Tokyu Reit's annualized Return-on-Tangible-Equity for the quarter that ended in Jul. 2023 was 6.68%.

The historical rank and industry rank for Tokyu Reit's Return-on-Tangible-Equity or its related term are showing as below:

TKURF' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.48   Med: 5.02   Max: 9.71
Current: 7.13

During the past 13 years, Tokyu Reit's highest Return-on-Tangible-Equity was 9.71%. The lowest was 4.48%. And the median was 5.02%.

TKURF's Return-on-Tangible-Equity is ranked better than
64.06% of 793 companies
in the REITs industry
Industry Median: 4.66 vs TKURF: 7.13

Tokyu Reit Return-on-Tangible-Equity Historical Data

The historical data trend for Tokyu Reit'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.

Tokyu Reit Return-on-Tangible-Equity Chart

Tokyu Reit Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.26 6.55 6.51 8.68 9.06

Tokyu Reit Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Return-on-Tangible-Equity 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 11.81 6.64 11.64 6.68 6.92

Competitive Comparison of Tokyu Reit's Return-on-Tangible-Equity

For the REIT - Diversified subindustry, Tokyu Reit'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.


Tokyu Reit's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Tokyu Reit's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Tokyu Reit's Return-on-Tangible-Equity falls into.



Tokyu Reit Return-on-Tangible-Equity Calculation

Tokyu Reit's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jul. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jul. 2023 )  (A: Jul. 2022 )(A: Jul. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jul. 2023 )  (A: Jul. 2022 )(A: Jul. 2023 )
=79.081/( (874.386+871.443 )/ 2 )
=79.081/872.9145
=9.06 %

Tokyu Reit's annualized Return-on-Tangible-Equity for the quarter that ended in Jul. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jul. 2023 )  (Q: Jan. 2023 )(Q: Jul. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jul. 2023 )  (Q: Jan. 2023 )(Q: Jul. 2023 )
=60.454/( (939.129+871.443)/ 2 )
=60.454/905.286
=6.68 %

* 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-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 two times the semi-annual (Jul. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Tokyu Reit  (OTCPK:TKURF) 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.


Tokyu Reit Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Tokyu Reit's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Tokyu Reit (Tokyu Reit) Business Description

Industry
Traded in Other Exchanges
Address
1-12-1, Dogenzaka, Tokyo, JPN
Tokyu Reit Inc is a Japanese real estate company. It is engaged in asset investment and management based on principles of growth, stability, and transparency. The company invests predominantly in retail and office properties located in Chiyoda, Chuo, Minato, Shinjuku and Shibuya wards. It also conducts replacement of properties and other measures as needed in order to maintain and improve the portfolio quality, aiming to enhance its asset value and increase net income per unit.

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