What is Toyo Engineering 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. Toyo Engineering's annualized net income for the quarter that ended in Dec. 2023 was 円2,876 Mil. Toyo Engineering's average shareholder tangible equity for the quarter that ended in Dec. 2023 was 円49,619 Mil. Therefore, Toyo Engineering's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 5.80%.
The historical rank and industry rank for Toyo Engineering's Return-on-Tangible-Equity or its related term are showing as below:
TSE:6330'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -72.55 Med: 3.43 Max: 19.72
Current: 19.72
During the past 13 years, Toyo Engineering's highest Return-on-Tangible-Equity was 19.72%. The lowest was -72.55%. And the median was 3.43%.
TSE:6330's Return-on-Tangible-Equity is ranked better than 76.72% of 1602
companies
in the Construction industry
Industry Median: 7.855
vs TSE:6330: 19.72
Toyo Engineering Return-on-Tangible-Equity Historical Data
The historical data trend for Toyo Engineering'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 Toyo Engineering's Return-on-Tangible-Equity
For the Engineering & Construction subindustry, Toyo Engineering'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.
Toyo Engineering's Return-on-Tangible-Equity Distribution in the Construction Industry
For the Construction industry and Industrials sector, Toyo Engineering's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Toyo Engineering's Return-on-Tangible-Equity falls into.
* 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.
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.
Toyo Engineering Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Toyo Engineering's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Toyo Engineering provides engineering and construction services for industrial facilities. It designs, procures materials, builds, and offers technical assistance for oil and gas, petrochemicals, water treatment, transportation, power generation, and other industrial markets. Project management skills partnered with technological solutions allow the company to offer customized solutions and manufacture various power plants and infrastructure projects. Toyo operates three business groups: engineering, procurement, and construction (the majority of total revenue); IT; and real estate. A global network of employees gathers data from customers, and company locations are spread across Asia, North America, and South America to collect regional information.
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