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. Amuse's annualized net income for the quarter that ended in Dec. 2023 was 円2,096 Mil. Amuse's average shareholder tangible equity for the quarter that ended in Dec. 2023 was 円32,322 Mil. Therefore, Amuse's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 6.48%.
The historical rank and industry rank for Amuse's Return-on-Tangible-Equity or its related term are showing as below:
TSE:4301'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.98 Med: 9.61 Max: 17.36
Current: 1.98
During the past 13 years, Amuse's highest Return-on-Tangible-Equity was 17.36%. The lowest was 1.98%. And the median was 9.61%.
TSE:4301's Return-on-Tangible-Equity is ranked worse than 59.75% of 892
companies
in the Media - Diversified industry
Industry Median: 5.3
vs TSE:4301: 1.98
Amuse Return-on-Tangible-Equity Historical Data
The historical data trend for Amuse'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 Amuse's Return-on-Tangible-Equity
For the Entertainment subindustry, Amuse'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.
Amuse's Return-on-Tangible-Equity Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Amuse's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Amuse's Return-on-Tangible-Equity falls into.
Amuse Return-on-Tangible-Equity Calculation
Amuse'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.
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.
Amuse Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Amuse's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Amuse Inc is a Japan based integrated entertainment group. It is involved in the businesses of artist management business, media visual business, contents business, place management business, and other businesses. In artist management business, the company is engaged in the production of concerts, stage performances of artists, planning and production of stage performances and events, management of fan clubs and sales of a variety of goods and products, television, radio and commercial appearances, and production and distribution of record masters and management of copyright. In media visual business, the company manages image-based entertainment, such as producing and distributing visual software such as TV shows and movies and producing and selling DVDs.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSE:4301 has been successfully added to your 