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. Adastria Co's annualized net income for the quarter that ended in Feb. 2024 was 円7,888 Mil. Adastria Co's average shareholder tangible equity for the quarter that ended in Feb. 2024 was 円56,910 Mil. Therefore, Adastria Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2024 was 13.86%.
The historical rank and industry rank for Adastria Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:2685'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.47 Med: 12.19 Max: 25.67
Current: 25.37
During the past 13 years, Adastria Co's highest Return-on-Tangible-Equity was 25.67%. The lowest was -1.47%. And the median was 12.19%.
TSE:2685's Return-on-Tangible-Equity is ranked better than 88.29% of 1008
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.75
vs TSE:2685: 25.37
Adastria Co Return-on-Tangible-Equity Historical Data
The historical data trend for Adastria Co'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 Adastria Co's Return-on-Tangible-Equity
For the Apparel Manufacturing subindustry, Adastria 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.
Adastria Co's Return-on-Tangible-Equity Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Adastria Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Adastria Co's Return-on-Tangible-Equity falls into.
Adastria Co Return-on-Tangible-Equity Calculation
Adastria Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Feb. 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 (Feb. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Adastria Co (TSE:2685) 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.
Adastria Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Adastria Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Adastria Co Ltd is a manufacturer and retailer of clothing, bags, shoes, kitchen goods, furniture, and accessories with over a thousand stores in Asia. Its many retail brands span from targeting teenagers to middle-aged adults and from high-priced to mass-market goods. Its biggest brands include Lepsim, studio CLIP, niko and, Global Work, Heather, Jeanasis, Rageblue, and Lowrys Farm. The vast majority of Adastria's revenue and store locations are in Japan. Other Asian markets include Hong Kong, China, Taiwan, South Korea, and Singapore.
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