What is DOWA Holdings 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. DOWA Holdings Co's annualized net income for the quarter that ended in Dec. 2023 was 円43,340 Mil. DOWA Holdings Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was 円354,757 Mil. Therefore, DOWA Holdings Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 12.22%.
The historical rank and industry rank for DOWA Holdings Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:5714'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.53 Med: 10.01 Max: 18.16
Current: 7.97
During the past 13 years, DOWA Holdings Co's highest Return-on-Tangible-Equity was 18.16%. The lowest was 6.53%. And the median was 10.01%.
TSE:5714's Return-on-Tangible-Equity is ranked better than 87.74% of 2455
companies
in the Metals & Mining industry
Industry Median: -16.12
vs TSE:5714: 7.97
DOWA Holdings Co Return-on-Tangible-Equity Historical Data
The historical data trend for DOWA Holdings 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 DOWA Holdings Co's Return-on-Tangible-Equity
For the Other Industrial Metals & Mining subindustry, DOWA Holdings 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.
DOWA Holdings Co's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, DOWA Holdings Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where DOWA Holdings Co's Return-on-Tangible-Equity falls into.
DOWA Holdings Co Return-on-Tangible-Equity Calculation
DOWA Holdings Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
DOWA Holdings Co (TSE:5714) 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.
DOWA Holdings Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of DOWA Holdings Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Dowa Holdings Co Ltd is a Japan-based holding company, with five main business segments. The nonferrous metals segment generates roughly half of group revenue via the production and sale of copper, zinc, lead, gold, silver, and platinum, among other metals. In the environmental management and recycling division, the group engages in waste treatment, soil remediation, resource recycling, and logistics. In the electronic materials segment, the group produces and sells high-purity metal materials, compound semiconductor wafers, conductive materials, battery materials, magnetic materials, reduced iron powder, and other materials. In the metal processing segment, the group produces and sells copper, brass and copper alloy strips, electroplated products, brass rods, and metal-ceramic substrates.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSE:5714 has been successfully added to your 