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. ITO EN's annualized net income for the quarter that ended in Jan. 2024 was $83 Mil. ITO EN's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $1,171 Mil. Therefore, ITO EN's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was 7.08%.
The historical rank and industry rank for ITO EN's Return-on-Tangible-Equity or its related term are showing as below:
ITOEF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5 Med: 8.84 Max: 13.03
Current: 10.14
During the past 13 years, ITO EN's highest Return-on-Tangible-Equity was 13.03%. The lowest was 5.00%. And the median was 8.84%.
ITOEF's Return-on-Tangible-Equity is ranked worse than 60.78% of 102
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 14.87
vs ITOEF: 10.14
ITO EN Return-on-Tangible-Equity Historical Data
The historical data trend for ITO EN'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 ITO EN's Return-on-Tangible-Equity
For the Beverages - Non-Alcoholic subindustry, ITO EN'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.
ITO EN's Return-on-Tangible-Equity Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, ITO EN's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ITO EN's Return-on-Tangible-Equity falls into.
ITO EN Return-on-Tangible-Equity Calculation
ITO EN's annualized Return-on-Tangible-Equity for the fiscal year that ended in Apr. 2023 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 (Jan. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
ITO EN (OTCPK:ITOEF) 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.
ITO EN Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of ITO EN's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
ITO EN Ltd makes beverages and other tea and nutritional products that it sells in Japan. Ito En primarily sells green tea products, including ready-to-drink beverages, tea bags, and other tea leaf products, under its Oi Ocha brand. Other beverages the company sells include black tea, Chinese tea, coffee, vegetable beverages, fruit beverages, mineral water, and functional beverages. The Leaf- and Drink-Related business segment makes up roughly 90% of the company's total revenue. Most remaining revenue is generated from Ito En's restaurant business, which operates hundreds of Tully's coffee shops in Japan.
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