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. Kobe Bussan Co's annualized net income for the quarter that ended in Jan. 2024 was 円22,096 Mil. Kobe Bussan Co's average shareholder tangible equity for the quarter that ended in Jan. 2024 was 円113,640 Mil. Therefore, Kobe Bussan Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was 19.44%.
The historical rank and industry rank for Kobe Bussan Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3038'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 14.98 Med: 29.18 Max: 41.42
Current: 23.45
During the past 13 years, Kobe Bussan Co's highest Return-on-Tangible-Equity was 41.42%. The lowest was 14.98%. And the median was 29.18%.
TSE:3038's Return-on-Tangible-Equity is ranked better than 68.9% of 299
companies
in the Retail - Defensive industry
Industry Median: 12.01
vs TSE:3038: 23.45
Kobe Bussan Co Return-on-Tangible-Equity Historical Data
The historical data trend for Kobe Bussan 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.
Competitive Comparison of Kobe Bussan Co's Return-on-Tangible-Equity
For the Grocery Stores subindustry, Kobe Bussan 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.
Kobe Bussan Co's Return-on-Tangible-Equity Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Kobe Bussan Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kobe Bussan Co's Return-on-Tangible-Equity falls into.
Kobe Bussan Co Return-on-Tangible-Equity Calculation
Kobe Bussan Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 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-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 (Jan. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Kobe Bussan Co (TSE:3038) 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.
Kobe Bussan Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Kobe Bussan Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Kobe Bussan Co.,Ltd. is a Japan-based company that operates through four business divisions. The Gyomu Super business, accounting for the majority of the company's revenue, is primarily in engaged in franchising supermarkets that provide merchandise produced at the company's own factories or imported from overseas. The Kobe Cook business operates through several formats, including Kobe Cook World Buffet stores, which are buffet-style restaurants; Green's K stores, which are small supermarkets offering ready-made meals; and Green's K Teppan Buffet stores, which are restaurants featuring a blend of buffet and self-cooking. The Kobe Cook Innoventure business is operated to promote restaurant business and offer food materials. The company also operates the Eco Renewable Energy business.
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