Arnest One (TSE:8895) Return-on-Tangible-Equity : 17.08% (As of Dec. 2013)

Arnest One Return-on-Tangible-Equity Chart

Arnest One Annual Data
	Trend	Mar05	Mar06	Mar07	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13
Return-on-Tangible-Equity		Get a 7-Day Free Trial				-37.50	44.15	27.89	23.23	17.99

Arnest One Quarterly Data
	Mar05	Mar06	Mar07	Mar08	Mar10	Mar11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Return-on-Tangible-Equity	Get a 7-Day Free Trial									-	16.67	12.26	17.95	17.08

Competitive Comparison of Arnest One's Return-on-Tangible-Equity

For the Residential Construction subindustry, Arnest One'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.

Arnest One's Return-on-Tangible-Equity Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Arnest One's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Arnest One's Return-on-Tangible-Equity falls into.

Arnest One Return-on-Tangible-Equity Calculation

Arnest One's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2013 is calculated as

Arnest One's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2013 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. 2013) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Arnest One  (TSE:8895) 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.

Arnest One Return-on-Tangible-Equity Related Terms

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Arnest One (TSE:8895) Business Description