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Autoserver Co (TSE:5589) ROE % : 10.84% (As of Dec. 2023)


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What is Autoserver Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Autoserver Co's annualized net income for the quarter that ended in Dec. 2023 was 円1,148 Mil. Autoserver Co's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was 円10,589 Mil. Therefore, Autoserver Co's annualized ROE % for the quarter that ended in Dec. 2023 was 10.84%.

The historical rank and industry rank for Autoserver Co's ROE % or its related term are showing as below:

TSE:5589' s ROE % Range Over the Past 10 Years
Min: 6.62   Med: 14.48   Max: 17.28
Current: 6.62

During the past 3 years, Autoserver Co's highest ROE % was 17.28%. The lowest was 6.62%. And the median was 14.48%.

TSE:5589's ROE % is ranked worse than
52.96% of 1267 companies
in the Vehicles & Parts industry
Industry Median: 7.33 vs TSE:5589: 6.62

Autoserver Co ROE % Historical Data

The historical data trend for Autoserver Co's ROE % 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.

Autoserver Co ROE % Chart

Autoserver Co Annual Data
Trend Dec21 Dec22 Dec23
ROE %
17.28 14.48 13.33

Autoserver Co Quarterly Data
Dec21 Dec22 Jun23 Sep23 Dec23
ROE % - - - 14.72 10.84

Competitive Comparison of Autoserver Co's ROE %

For the Auto & Truck Dealerships subindustry, Autoserver Co's ROE %, along with its competitors' market caps and ROE % 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.


Autoserver Co's ROE % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Autoserver Co's ROE % distribution charts can be found below:

* The bar in red indicates where Autoserver Co's ROE % falls into.



Autoserver Co ROE % Calculation

Autoserver Co's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=1301.745/( (8741.488+10791.344)/ 2 )
=1301.745/9766.416
=13.33 %

Autoserver Co's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=1147.552/( (10386.905+10791.344)/ 2 )
=1147.552/10589.1245
=10.84 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder 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. ROE % is displayed in the 30-year financial page.


Autoserver Co  (TSE:5589) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=1147.552/10589.1245
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1147.552 / 5677.212)*(5677.212 / 18145.164)*(18145.164 / 10589.1245)
=Net Margin %*Asset Turnover*Equity Multiplier
=20.21 %*0.3129*1.7136
=ROA %*Equity Multiplier
=6.32 %*1.7136
=10.84 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=1147.552/10589.1245
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1147.552 / 1925.316) * (1925.316 / 1933.04) * (1933.04 / 5677.212) * (5677.212 / 18145.164) * (18145.164 / 10589.1245)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.596 * 0.996 * 34.05 % * 0.3129 * 1.7136
=10.84 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Autoserver Co ROE % Related Terms

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Autoserver Co (TSE:5589) Business Description

Traded in Other Exchanges
N/A
Address
1-8-8 Harumi, Triton Square Office Tower W Building 14th floor, Chuo-ku, Tokyo, JPN, 104-0053
Autoserver Co Ltd is engaged in used car auction agency service and brokerage service for used car dealers on the website. The used car distribution platform ASNET operated by the company is a used car distribution web service that can be used by used car dealers and automobile-related businesses with no membership fee or monthly membership fee.

Autoserver Co (TSE:5589) Headlines

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