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. Seiko Group's annualized net income for the quarter that ended in Dec. 2023 was 円17,448 Mil. Seiko Group's average shareholder tangible equity for the quarter that ended in Dec. 2023 was 円127,272 Mil. Therefore, Seiko Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 13.71%.
The historical rank and industry rank for Seiko Group's Return-on-Tangible-Equity or its related term are showing as below:
TSE:8050'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.79 Med: 7.46 Max: 35.63
Current: 8.09
During the past 13 years, Seiko Group's highest Return-on-Tangible-Equity was 35.63%. The lowest was 3.79%. And the median was 7.46%.
TSE:8050's Return-on-Tangible-Equity is ranked better than 63.13% of 1009
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.62
vs TSE:8050: 8.09
Seiko Group Return-on-Tangible-Equity Historical Data
The historical data trend for Seiko Group'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 Seiko Group's Return-on-Tangible-Equity
For the Footwear & Accessories subindustry, Seiko Group'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.
Seiko Group's Return-on-Tangible-Equity Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Seiko Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Seiko Group's Return-on-Tangible-Equity falls into.
Seiko Group Return-on-Tangible-Equity Calculation
Seiko Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Seiko Group (TSE:8050) 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.
Seiko Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Seiko Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Seiko Group Corp is a Japanese manufacturer of watches and electronic devices. The company organizes itself into four segments, based on product type: watches, electronic devices, systems solutions, and others. The watches business, which contributes more than half of the company's revenue, manufactures men's and ladies' fashion watches. The electronic devices business, the next most significant contributor to revenue, produces components such as semiconductors, camera shutters, inkjet print heads, thermal printers, micro-batteries, and radiation-measuring equipment. Combined sales in the watches and electronic devices segments constitute the vast majority of consolidated revenue. The company derives approximately half its revenue domestically.
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