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. Roland's annualized net income for the quarter that ended in Mar. 2024 was 円3,920 Mil. Roland's average shareholder tangible equity for the quarter that ended in Mar. 2024 was 円33,695 Mil. Therefore, Roland's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 11.63%.
The historical rank and industry rank for Roland's Return-on-Tangible-Equity or its related term are showing as below:
TSE:7944'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.87 Med: 1.54 Max: 36.45
Current: 24.61
During the past 11 years, Roland's highest Return-on-Tangible-Equity was 36.45%. The lowest was -9.87%. And the median was 1.54%.
TSE:7944's Return-on-Tangible-Equity is ranked better than 74.4% of 754
companies
in the Travel & Leisure industry
Industry Median: 8.2
vs TSE:7944: 24.61
Roland Return-on-Tangible-Equity Historical Data
The historical data trend for Roland'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 Roland's Return-on-Tangible-Equity
For the Leisure subindustry, Roland'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.
Roland's Return-on-Tangible-Equity Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Roland's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Roland's Return-on-Tangible-Equity falls into.
Roland Return-on-Tangible-Equity Calculation
Roland's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Roland (TSE:7944) 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.
Roland Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Roland's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Roland Corporation is a leisure based goods and services provider in Japan. Its business comprises of the manufacture and sale of electronic musical instruments such as pianos, organs, keyboards, guitar, amplifiers and accessories essential for music creation. The musical instrument production falls under the electronic musical instruments segment, which secures the maximum revenue share for the company. Its other segment is the computer peripherals business. The Computer Peripheral Equipment segment is involved in the development, manufacture, and sale of printers, plotters, and other work machines. Roland Corporation distributes its products predominantly in North America and in Europe and Japan.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSE:7944 has been successfully added to your 