What is Hokkaido Electric Power 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. Hokkaido Electric Power Co's annualized net income for the quarter that ended in Dec. 2023 was 円10,496 Mil. Hokkaido Electric Power Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was 円299,214 Mil. Therefore, Hokkaido Electric Power Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 3.51%.
The historical rank and industry rank for Hokkaido Electric Power Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:9509'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.58 Med: 9.59 Max: 23.47
Current: 22.94
During the past 13 years, Hokkaido Electric Power Co's highest Return-on-Tangible-Equity was 23.47%. The lowest was -8.58%. And the median was 9.59%.
TSE:9509's Return-on-Tangible-Equity is ranked better than 83.45% of 417
companies
in the Utilities - Independent Power Producers industry
Industry Median: 7.12
vs TSE:9509: 22.94
Hokkaido Electric Power Co Return-on-Tangible-Equity Historical Data
* 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.
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Hokkaido Electric Power Co Return-on-Tangible-Equity Chart
Competitive Comparison of Hokkaido Electric Power Co's Return-on-Tangible-Equity
For the Utilities - Renewable subindustry, Hokkaido Electric Power 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.
Hokkaido Electric Power Co's Return-on-Tangible-Equity Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Hokkaido Electric Power Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hokkaido Electric Power Co's Return-on-Tangible-Equity falls into.
Hokkaido Electric Power Co Return-on-Tangible-Equity Calculation
Hokkaido Electric Power 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.
Hokkaido Electric Power Co (TSE:9509) 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.
Hokkaido Electric Power Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Hokkaido Electric Power Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Hokkaido Electric Power Co (TSE:9509) Business Description
Hokkaido Electric Power Co, Inc. or HEPCO, is a Japanese electric utility that serves the northernmost island of Hokkaido. HEPCO is involved in the generation, transmission, and distribution of electric energy on the island. The company utilizes a portfolio of hydroelectric, steam, gas, internal combustion, nuclear, geothermal, and solar power plants to do this. While Most of HEPCO's sites are hydroelectric, the company's fossil fuel facilities represent the vast majority of its total energy production and production capacity. Hokkaido Electric Power's electric utility business is responsible for nearly all of its revenue with sales split mainly between residential and commercial/industrial customer groups. Most electrical output, however, is transmitted to residential customers.
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