GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » OSAKA Titanium technologies Co Ltd (TSE:5726) » Definitions » ROE %

OSAKA Titanium technologies Co (TSE:5726) ROE % : 13.20% (As of Dec. 2023)


View and export this data going back to 2002. Start your Free Trial

What is OSAKA Titanium technologies Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. OSAKA Titanium technologies Co's annualized net income for the quarter that ended in Dec. 2023 was 円4,520 Mil. OSAKA Titanium technologies Co's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was 円34,253 Mil. Therefore, OSAKA Titanium technologies Co's annualized ROE % for the quarter that ended in Dec. 2023 was 13.20%.

The historical rank and industry rank for OSAKA Titanium technologies Co's ROE % or its related term are showing as below:

TSE:5726' s ROE % Range Over the Past 10 Years
Min: -22.85   Med: 1.92   Max: 28.65
Current: 28.65

During the past 13 years, OSAKA Titanium technologies Co's highest ROE % was 28.65%. The lowest was -22.85%. And the median was 1.92%.

TSE:5726's ROE % is ranked better than
97.05% of 2471 companies
in the Metals & Mining industry
Industry Median: -16 vs TSE:5726: 28.65

OSAKA Titanium technologies Co ROE % Historical Data

The historical data trend for OSAKA Titanium technologies Co's ROE % 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.

OSAKA Titanium technologies Co ROE % Chart

OSAKA Titanium technologies Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.13 -15.73 -11.07 15.40 28.09

OSAKA Titanium technologies Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROE % 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 31.71 26.70 29.58 13.20 44.49

Competitive Comparison of OSAKA Titanium technologies Co's ROE %

For the Other Industrial Metals & Mining subindustry, OSAKA Titanium technologies Co's ROE %, along with its competitors' market caps and ROE % 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.


OSAKA Titanium technologies Co's ROE % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, OSAKA Titanium technologies Co's ROE % distribution charts can be found below:

* The bar in red indicates where OSAKA Titanium technologies Co's ROE % falls into.



OSAKA Titanium technologies Co ROE % Calculation

OSAKA Titanium technologies Co's annualized ROE % for the fiscal year that ended in Mar. 2024 is calculated as

ROE %=Net Income (A: Mar. 2024 )/( (Total Stockholders Equity (A: Mar. 2023 )+Total Stockholders Equity (A: Mar. 2024 ))/ count )
=9689/( (30474+38507)/ 2 )
=9689/34490.5
=28.09 %

OSAKA Titanium technologies Co's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=4520/( (34056+34450)/ 2 )
=4520/34253
=13.20 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder 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. ROE % is displayed in the 30-year financial page.


OSAKA Titanium technologies Co  (TSE:5726) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=4520/34253
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4520 / 57300)*(57300 / 90523.5)*(90523.5 / 34253)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.89 %*0.633*2.6428
=ROA %*Equity Multiplier
=4.99 %*2.6428
=13.20 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=4520/34253
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (4520 / 5340) * (5340 / 9732) * (9732 / 57300) * (57300 / 90523.5) * (90523.5 / 34253)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8464 * 0.5487 * 16.98 % * 0.633 * 2.6428
=13.20 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


OSAKA Titanium technologies Co ROE % Related Terms

Thank you for viewing the detailed overview of OSAKA Titanium technologies Co's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


OSAKA Titanium technologies Co (TSE:5726) Business Description

Traded in Other Exchanges
Address
1 Higashihama-cho, Amagasaki, Hyogo, JPN, 660-8533
OSAKA Titanium technologies Co Ltd is a Japanese producer of titanium and silicon products. The Titanium Business, Osaka's largest segment accounting for more than half consolidated revenue, principally manufactures titanium sponge and titanium ingot. The Polycrystalline Silicon Business is the next largest segment, and manufactures polycrystalline silicon used in semiconductors. The majority of sales are generated domestically, with the United States, Germany, United Kingdom, with greater Asia comprising the remainder. The company sells its products mainly to the aerospace and electronics industries.

OSAKA Titanium technologies Co (TSE:5726) Headlines

No Headlines