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NTT DOCOMOBUE:DCM 10 Return-on-Tangible-Asset is 12.10% as of Sep. 2020, which is 42% above its 10-year median of 8.50. GuruFocus rates BUE:DCM with a GF Score™ of 10/100. The stock has 5 warning signs investors should review.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. NTT DOCOMO's annualizedNet Income for the quarter that ended in Sep. 2020 was ARS551,286.60 Mil. NTT DOCOMO's average total tangible assets for the quarter that ended in Sep. 2020 was ARS4,556,573.33 Mil. Therefore, NTT DOCOMO's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2020 was 12.10%.
The historical rank and industry rank for NTT DOCOMO's Return-on-Tangible-Asset or its related term are showing as below:
BUE:DCM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.4 Med: 8.5 Max: 11.62
Current: 9.08
During the past 13 years, NTT DOCOMO's highest Return-on-Tangible-Asset was 11.62%. The lowest was 6.40%. And the median was 8.50%.
BUE:DCM's Return-on-Tangible-Asset is not ranked
in the Telecommunication Services industry.
Industry Median: 3.43
vs BUE:DCM: 9.08
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
NTT DOCOMO Return-on-Tangible-Asset Related Terms
NTT DOCOMO Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NTT DOCOMO's Return-on-Tangible-Asset 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.
BUE:DCM vs VZ, T, TMUS: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, NTT DOCOMO's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
NTT DOCOMO Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, NTT DOCOMO's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NTT DOCOMO's Return-on-Tangible-Asset falls into.
* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Sep. 2020) net income data.
What does a Return-on-Tangible-Asset of 12.10% mean?
NTT DOCOMO (BUE:DCM) has a Return-on-Tangible-Asset of 12.10% as of Sep. 2020. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NTT DOCOMO and its competitors. This is 42% above median its historical median of 8.50. Over the past decade, NTT DOCOMO's Return-on-Tangible-Asset has ranged from 6.40 to 11.62.
Is NTT DOCOMO's Return-on-Tangible-Asset too high?
NTT DOCOMO's current Return-on-Tangible-Asset of 12.10% is 42% above median its 10-year median of 8.50. Over the past 10 years, this metric has ranged from a low of 6.40 to a high of 11.62. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.43. NTT DOCOMO's value of 12.10% is 252.8% above this industry median. Overall, NTT DOCOMO has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does NTT DOCOMO's Return-on-Tangible-Asset compare to VZ and T?
NTT DOCOMO's Return-on-Tangible-Asset of 12.10% can be compared against companies in the Telecommunication Services industry. The industry median Return-on-Tangible-Asset is 3.43. NTT DOCOMO's value of 12.10% is 252.8% above this benchmark. Historically, NTT DOCOMO's own Return-on-Tangible-Asset has ranged from 6.40 to 11.62 over the past decade. While the company's 10-year median is 8.50 vs. the industry median of 3.43, NTT DOCOMO has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Telecommunication Services company?
The median Return-on-Tangible-Asset among Telecommunication Services companies is 3.43, based on 365 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NTT DOCOMO's current Return-on-Tangible-Asset of 12.10% is 252.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NTT DOCOMO and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Asset is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NTT DOCOMO's current Return-on-Tangible-Asset is 12.10%, which is 42% above median its own 10-year median of 8.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NTT DOCOMO stock overvalued right now?
NTT DOCOMO (BUE:DCM) has a current Return-on-Tangible-Asset of 12.10%. The current Return-on-Tangible-Asset is 12.10%, which is 42% above median its 10-year median of 8.50 and 252.8% above the Telecommunication Services industry median of 3.43. NTT DOCOMO's overall GF Score™ is 10/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For NTT DOCOMO (BUE:DCM), the current Return-on-Tangible-Asset is 12.10% as of Sep. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
NTT DoCoMo is Japan's largest wireless telephone operator. It has 78 million subscribers, leading to its market share of approximately 44%. The firm has been a technological leader, introducing wireless Internet access through its i-mode service in 1999, along with the ability to use a handset like a credit card. NTT DoCoMo also owns minority stakes in Philippine Long Distance Telephone, Hutchison Telecom Hong Kong Holdings, and other smaller phone companies. The firm's objective is to have the highest-quality network and customer service in Japan.
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