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Canarys AutomationsNSE:CANARYS -0.42%20 Return-on-Tangible-Asset is 12.49% as of Sep. 2025, which is 19% above its 10-year median of 10.53. GuruFocus rates NSE:CANARYS with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 2,892 Software companies, Canarys Automations ranks better than 65.15% on this metric.
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. Canarys Automations's annualizedNet Income for the quarter that ended in Sep. 2025 was ₹137 Mil. Canarys Automations's average total tangible assets for the quarter that ended in Sep. 2025 was ₹1,097 Mil. Therefore, Canarys Automations's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2025 was 12.49%.
The historical rank and industry rank for Canarys Automations's Return-on-Tangible-Asset or its related term are showing as below:
NSE:CANARYS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.24 Med: 10.53 Max: 15.35
Current: 6.24
During the past 5 years, Canarys Automations's highest Return-on-Tangible-Asset was 15.35%. The lowest was 6.24%. And the median was 10.53%.
NSE:CANARYS's Return-on-Tangible-Asset is ranked better than 65.15% of 2892
companies
in the Software industry
Industry Median: 2.04
vs NSE:CANARYS: 6.24
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.
Canarys Automations Return-on-Tangible-Asset Related Terms
Canarys Automations Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Canarys Automations'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.
NSE:CANARYS vs IBM, ACN, FISV: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, Canarys Automations'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.
Canarys Automations Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Canarys Automations's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Canarys Automations'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 two times the semi-annual (Sep. 2025) net income data.
What does a Return-on-Tangible-Asset of 12.49% mean?
Canarys Automations (NSE:CANARYS) has a Return-on-Tangible-Asset of 12.49% as of Sep. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Canarys Automations and its competitors. This is 19% above median its historical median of 10.53. Over the past decade, Canarys Automations' Return-on-Tangible-Asset has ranged from 6.24 to 15.35. According to the industry distribution chart, Canarys Automations ranks #1008 out of 2892 companies in the Software industry, placing it in the top 34.9%.
Is Canarys Automations' Return-on-Tangible-Asset too high?
Canarys Automations' current Return-on-Tangible-Asset of 12.49% is 19% above median its 10-year median of 10.53. Over the past 10 years, this metric has ranged from a low of 6.24 to a high of 15.35. The Software industry median Return-on-Tangible-Asset is 2.04. Canarys Automations' value of 12.49% is 512.3% above this industry median. Based on the distribution chart, Canarys Automations ranks #1008 out of 2892 companies in the Software industry, which is above the industry midpoint. Overall, Canarys Automations has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Canarys Automations' Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, Canarys Automations ranks #1008 out of 2892 companies for Return-on-Tangible-Asset. This puts Canarys Automations in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.04. Canarys Automations' value of 12.49% is 512.3% above this benchmark. Historically, Canarys Automations' own Return-on-Tangible-Asset has ranged from 6.24 to 15.35 over the past decade. While the company's 10-year median is 10.53 vs. the industry median of 2.04, Canarys Automations 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.04, based on 2,892 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. Canarys Automations's current Return-on-Tangible-Asset of 12.49% is 512.3% 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 Canarys Automations and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canarys Automations's current Return-on-Tangible-Asset is 12.49%, which is 19% above median its own 10-year median of 10.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canarys Automations stock overvalued right now?
Canarys Automations (NSE:CANARYS) has a current Return-on-Tangible-Asset of 12.49%. The current Return-on-Tangible-Asset is 12.49%, which is 19% above median its 10-year median of 10.53 and 512.3% above the Software industry median of 2.04. Canarys Automations' overall GF Score™ is 20/100 with 1 warning sign 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 Canarys Automations (NSE:CANARYS), the current Return-on-Tangible-Asset is 12.49% as of Sep. 2025. 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.
Canarys Automations Ltd is an IT solutions provider specializing in enabling digital transformation for businesses through its software solutions in the areas of Digitalization, Modernization, Automation, and Intelligence. The company's solutions include Digital Transformation, Digital DevOps, Digital Assurance, Telemetry, Water Resources Management, and Cloud IT, and are delivered across industry sectors such as BFSI, Retail, Healthcare, Pharmaceutical, Manufacturing, and Insurance. it operates through two segments, Technology Solutions and Water Resource Management Solutions, with the majority of its revenue generated from the Technology Solutions segment. The company's revenue is generated from India sales, which contribute the maximum revenue, and international sales.
20GF Score
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