What is Qol Holdings 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. Qol Holdings Co's annualized net income for the quarter that ended in Dec. 2023 was 円7,544 Mil. Qol Holdings Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was 円17,408 Mil. Therefore, Qol Holdings Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 43.34%.
The historical rank and industry rank for Qol Holdings Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3034'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 32.61 Med: 65.27 Max: 701.8
Current: 32.61
During the past 13 years, Qol Holdings Co's highest Return-on-Tangible-Equity was 701.80%. The lowest was 32.61%. And the median was 65.27%.
TSE:3034's Return-on-Tangible-Equity is ranked better than 78.89% of 540
companies
in the Healthcare Providers & Services industry
Industry Median: 10.555
vs TSE:3034: 32.61
Qol Holdings Co Return-on-Tangible-Equity Historical Data
The historical data trend for Qol Holdings 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 Qol Holdings Co's Return-on-Tangible-Equity
For the Pharmaceutical Retailers subindustry, Qol Holdings 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.
Qol Holdings Co's Return-on-Tangible-Equity Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Qol Holdings Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Qol Holdings Co's Return-on-Tangible-Equity falls into.
Qol Holdings Co Return-on-Tangible-Equity Calculation
Qol Holdings Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Qol Holdings Co (TSE:3034) 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.
Qol Holdings Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Qol Holdings Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Qol Holdings Co Ltd provides pharmacy services under health insurance and sells pharmaceutical products. Its mission is to create healthy and comfortable living environments for everybody in those communities. The company operates through: Pharmacy and BPO segments. Under the Pharmacy segment the company puts customers first in-store development strategy, which is based on building one-on-one relationships with drug-prescribing clinics and hospitals in order to get the pharmacy services that include medical information. The BPO contracting segment includes clinical trials and projects and develops pamphlets and websites for medical institutions to promote sales of pharmaceutical products and provide advice on proper pharmaceutical product.
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