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Hokuriku Gas Co (TSE:9537) ROE % : -7.08% (As of Dec. 2023)


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What is Hokuriku Gas Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Hokuriku Gas Co's annualized net income for the quarter that ended in Dec. 2023 was 円-3,339 Mil. Hokuriku Gas Co's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was 円47,152 Mil. Therefore, Hokuriku Gas Co's annualized ROE % for the quarter that ended in Dec. 2023 was -7.08%.

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

TSE:9537' s ROE % Range Over the Past 10 Years
Min: 0.88   Med: 2.62   Max: 4.67
Current: 1.1

During the past 13 years, Hokuriku Gas Co's highest ROE % was 4.67%. The lowest was 0.88%. And the median was 2.62%.

TSE:9537's ROE % is ranked worse than
83.59% of 512 companies
in the Utilities - Regulated industry
Industry Median: 8.615 vs TSE:9537: 1.10

Hokuriku Gas Co ROE % Historical Data

The historical data trend for Hokuriku Gas 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.

Hokuriku Gas Co ROE % Chart

Hokuriku Gas Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.57 2.59 3.49 2.02 0.88

Hokuriku Gas Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % 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 -9.77 11.44 4.83 -4.76 -7.08

Competitive Comparison of Hokuriku Gas Co's ROE %

For the Utilities - Regulated Gas subindustry, Hokuriku Gas 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.


Hokuriku Gas Co's ROE % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hokuriku Gas Co's ROE % distribution charts can be found below:

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



Hokuriku Gas Co ROE % Calculation

Hokuriku Gas Co's annualized ROE % for the fiscal year that ended in Mar. 2023 is calculated as

ROE %=Net Income (A: Mar. 2023 )/( (Total Stockholders Equity (A: Mar. 2022 )+Total Stockholders Equity (A: Mar. 2023 ))/ count )
=420.151/( (47506.334+47901.435)/ 2 )
=420.151/47703.8845
=0.88 %

Hokuriku Gas 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 )
=-3339.032/( (47556.482+46746.812)/ 2 )
=-3339.032/47151.647
=-7.08 %

* 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.


Hokuriku Gas Co  (TSE:9537) 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
=-3339.032/47151.647
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3339.032 / 57337.94)*(57337.94 / 61399.0795)*(61399.0795 / 47151.647)
=Net Margin %*Asset Turnover*Equity Multiplier
=-5.82 %*0.9339*1.3022
=ROA %*Equity Multiplier
=-5.44 %*1.3022
=-7.08 %

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
=-3339.032/47151.647
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-3339.032 / -4680.968) * (-4680.968 / -5126.564) * (-5126.564 / 57337.94) * (57337.94 / 61399.0795) * (61399.0795 / 47151.647)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7133 * 0.9131 * -8.94 % * 0.9339 * 1.3022
=-7.08 %

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.


Hokuriku Gas Co ROE % Related Terms

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Hokuriku Gas Co (TSE:9537) Business Description

Traded in Other Exchanges
N/A
Address
1-2-23 Higashiodori, Chuo-ku, Niigata Prefecture, Niigata City, JPN, 950-8748
Hokuriku Gas Co Ltd engages in the manufacture, supply, and sale of city gas, and gas-related equipment. It is involved in the manufacture, supply and sale of city gas, the operation of gas works, as well as the sale of gas equipment. The firm also engages in the sale of liquefied petroleum gas (LPG) and LPG equipment, the operation of LPG piping works, gas works and civil engineering works, the design, installation, maintenance, security and inspection of gas equipment, the sale, installation and meter reading of housing facilities and equipment, the leasing and management of buildings, the leasing of business equipment and vehicles, It also undertakes gas construction contracts; and sells gas appliances.

Hokuriku Gas Co (TSE:9537) Headlines

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