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Kyokuto Kaihatsu Kogyo Co (TSE:7226) Return-on-Tangible-Equity : 1.41% (As of Dec. 2023)


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What is Kyokuto Kaihatsu Kogyo 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. Kyokuto Kaihatsu Kogyo Co's annualized net income for the quarter that ended in Dec. 2023 was 円1,564 Mil. Kyokuto Kaihatsu Kogyo Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was 円110,755 Mil. Therefore, Kyokuto Kaihatsu Kogyo Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 1.41%.

The historical rank and industry rank for Kyokuto Kaihatsu Kogyo Co's Return-on-Tangible-Equity or its related term are showing as below:

TSE:7226' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.13   Med: 7.15   Max: 13.7
Current: 3.15

During the past 13 years, Kyokuto Kaihatsu Kogyo Co's highest Return-on-Tangible-Equity was 13.70%. The lowest was 3.13%. And the median was 7.15%.

TSE:7226's Return-on-Tangible-Equity is ranked worse than
73.23% of 198 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.095 vs TSE:7226: 3.15

Kyokuto Kaihatsu Kogyo Co Return-on-Tangible-Equity Historical Data

The historical data trend for Kyokuto Kaihatsu Kogyo 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.

Kyokuto Kaihatsu Kogyo Co Return-on-Tangible-Equity Chart

Kyokuto Kaihatsu Kogyo Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.71 7.14 13.70 3.26 3.13

Kyokuto Kaihatsu Kogyo Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 11.11 0.80 3.05 1.41 7.27

Competitive Comparison of Kyokuto Kaihatsu Kogyo Co's Return-on-Tangible-Equity

For the Farm & Heavy Construction Machinery subindustry, Kyokuto Kaihatsu Kogyo 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.


Kyokuto Kaihatsu Kogyo Co's Return-on-Tangible-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Kyokuto Kaihatsu Kogyo Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Kyokuto Kaihatsu Kogyo Co's Return-on-Tangible-Equity falls into.



Kyokuto Kaihatsu Kogyo Co Return-on-Tangible-Equity Calculation

Kyokuto Kaihatsu Kogyo Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=3501/( (109240+114808 )/ 2 )
=3501/112024
=3.13 %

Kyokuto Kaihatsu Kogyo 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 )
=1564/( (111041+110468)/ 2 )
=1564/110754.5
=1.41 %

* 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.


Kyokuto Kaihatsu Kogyo Co  (TSE:7226) 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.


Kyokuto Kaihatsu Kogyo Co Return-on-Tangible-Equity Related Terms

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Kyokuto Kaihatsu Kogyo Co (TSE:7226) Business Description

Traded in Other Exchanges
N/A
Address
6-1-45 Koshienguchi, Nishinomiya, JPN, 663-8545
Kyokuto Kaihatsu Kogyo Co., Ltd. Is a Japan-based company which is various lines of business including specialty truck business, environmental equipment and systems and real estate rental business. It operates is business in three reportable segments namely Specialty truck business, Environmental equipment and systems business and Real estate rental business. Specialty truck business manufactures and distributes specialty trucks such as dump trucks, tailgate lifters, tank trucks, refuse trucks and trailers. Environmental equipment and systems business manufactures and distributes recycle facilities, including maintenance and consignment business. Real estate rental business manufactures multistory parking equipment and offers operating services and real estate rental services.

Kyokuto Kaihatsu Kogyo Co (TSE:7226) Headlines

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