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. J Trust Co's annualized net income for the quarter that ended in Mar. 2024 was 円152 Mil. J Trust Co's average shareholder tangible equity for the quarter that ended in Mar. 2024 was 円106,626 Mil. Therefore, J Trust Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 0.14%.
The historical rank and industry rank for J Trust Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:8508'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -40.44 Med: 0.61 Max: 25.58
Current: 6.92
During the past 13 years, J Trust Co's highest Return-on-Tangible-Equity was 25.58%. The lowest was -40.44%. And the median was 0.61%.
TSE:8508's Return-on-Tangible-Equity is ranked better than 89.45% of 512
companies
in the Diversified Financial Services industry
Industry Median: 0.67
vs TSE:8508: 6.92
J Trust Co Return-on-Tangible-Equity Historical Data
The historical data trend for J Trust 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 J Trust Co's Return-on-Tangible-Equity
For the Financial Conglomerates subindustry, J Trust 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.
J Trust Co's Return-on-Tangible-Equity Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, J Trust Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where J Trust Co's Return-on-Tangible-Equity falls into.
J Trust Co Return-on-Tangible-Equity Calculation
J Trust Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
J Trust Co (TSE:8508) 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.
J Trust Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of J Trust Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
J Trust Co Ltd is a Japan-based company that operates financial and nonfinancial businesses via several subsidiaries. The company's financial business includes a domestic financial business, which consists of credit guarantee, credit and consumer credit, collection of accounts receivable, and other financial services; a financial business in South Korea, which contains a savings bank business, capital business, and a collection of accounts receivable; and a financial business in Southeast Asia, which contains a banking business and a collection of accounts receivable. It's nonfinancial business includes a general entertainment business, a real estate business, an investment business, and other business. It generates around two thirds of its total revenue from its financial businesses.
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