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Mitsubishi Shokuhin Co (TSE:7451) Return-on-Tangible-Equity : 18.56% (As of Dec. 2023)


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What is Mitsubishi Shokuhin 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. Mitsubishi Shokuhin Co's annualized net income for the quarter that ended in Dec. 2023 was 円33,008 Mil. Mitsubishi Shokuhin Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was 円177,876 Mil. Therefore, Mitsubishi Shokuhin Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 18.56%.

The historical rank and industry rank for Mitsubishi Shokuhin Co's Return-on-Tangible-Equity or its related term are showing as below:

TSE:7451' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.47   Med: 8.17   Max: 12.88
Current: 12.88

During the past 13 years, Mitsubishi Shokuhin Co's highest Return-on-Tangible-Equity was 12.88%. The lowest was 6.47%. And the median was 8.17%.

TSE:7451's Return-on-Tangible-Equity is ranked better than
53.33% of 300 companies
in the Retail - Defensive industry
Industry Median: 12.125 vs TSE:7451: 12.88

Mitsubishi Shokuhin Co Return-on-Tangible-Equity Historical Data

The historical data trend for Mitsubishi Shokuhin 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.

* Premium members only.

Mitsubishi Shokuhin Co Return-on-Tangible-Equity Chart

Mitsubishi Shokuhin Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.07 6.47 8.48 10.83 12.83

Mitsubishi Shokuhin Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Return-on-Tangible-Equity 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 7.33 10.93 13.00 18.56 9.08

Competitive Comparison of Mitsubishi Shokuhin Co's Return-on-Tangible-Equity

For the Food Distribution subindustry, Mitsubishi Shokuhin 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.


Mitsubishi Shokuhin Co's Return-on-Tangible-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Mitsubishi Shokuhin Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Mitsubishi Shokuhin Co's Return-on-Tangible-Equity falls into.



Mitsubishi Shokuhin Co Return-on-Tangible-Equity Calculation

Mitsubishi Shokuhin Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=22582/( (164687+187202 )/ 2 )
=22582/175944.5
=12.83 %

Mitsubishi Shokuhin Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=33008/( (175655+180096)/ 2 )
=33008/177875.5
=18.56 %

* 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.


Mitsubishi Shokuhin Co  (TSE:7451) 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.


Mitsubishi Shokuhin Co Return-on-Tangible-Equity Related Terms

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Mitsubishi Shokuhin Co (TSE:7451) Business Description

Traded in Other Exchanges
N/A
Address
6-1-1 Heiwajima, Ota-ku, Tokyo, JPN, 1436556
Mitsubishi Shokuhin Co Ltd is a Japan-based company engaged in the food and beverage business. The company offers processed foods, frozen and chilled foods, alcoholic beverages and confectioneries at wholesale prices. Its product portfolio includes seasoning products, noodles, dry goods, alcoholic and non-alcoholic beverages, frozen foods, confectionery. It also operates in the real estate management and logistics business. The majority of the revenues are derived from the processed foods business and frozen and chilled foods business.

Mitsubishi Shokuhin Co (TSE:7451) Headlines

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