Fujiyama Power SystemsNSE:UTLSOLAR -1.48%18 Return-on-Tangible-Asset is 18.62% as of Mar. 2026, which is 107% above its 10-year median of 8.98. GuruFocus rates NSE:UTLSOLAR with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 1,025 Semiconductors companies, Fujiyama Power Systems ranks better than 90.44% 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. Fujiyama Power Systems's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹4,253 Mil. Fujiyama Power Systems's average total tangible assets for the quarter that ended in Mar. 2026 was ₹22,847 Mil. Therefore, Fujiyama Power Systems's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 18.62%.
The historical rank and industry rank for Fujiyama Power Systems's Return-on-Tangible-Asset or its related term are showing as below:
NSE:UTLSOLAR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.18 Med: 8.98 Max: 20.76
Current: 16.36
During the past 5 years, Fujiyama Power Systems's highest Return-on-Tangible-Asset was 20.76%. The lowest was 6.18%. And the median was 8.98%.
NSE:UTLSOLAR's Return-on-Tangible-Asset is ranked better than 90.44% of 1025
companies
in the Semiconductors industry
Industry Median: 2.63
vs NSE:UTLSOLAR: 16.36
Fujiyama Power Systems (NSE:UTLSOLAR) Return-on-Tangible-Asset Explanation
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.
Fujiyama Power Systems Return-on-Tangible-Asset Related Terms
Fujiyama Power Systems Return-on-Tangible-Asset Historical Data
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The historical data trend for Fujiyama Power Systems'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.
Fujiyama Power Systems Return-on-Tangible-Asset Chart
NSE:UTLSOLAR vs FSLR, NXT, ENPH: Return-on-Tangible-Asset Comparison
For the Solar subindustry, Fujiyama Power Systems'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.
Fujiyama Power Systems Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Fujiyama Power Systems's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Fujiyama Power Systems'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 18.62% mean?
Fujiyama Power Systems (NSE:UTLSOLAR) has a Return-on-Tangible-Asset of 18.62% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Fujiyama Power Systems and its competitors. This is 107% above median its historical median of 8.98. Over the past decade, Fujiyama Power Systems' Return-on-Tangible-Asset has ranged from 6.18 to 20.76. According to the industry distribution chart, Fujiyama Power Systems ranks #98 out of 1025 companies in the Semiconductors industry, placing it in the top 9.6%.
Is Fujiyama Power Systems' Return-on-Tangible-Asset too high?
Fujiyama Power Systems' current Return-on-Tangible-Asset of 18.62% is 107% above median its 10-year median of 8.98. Over the past 10 years, this metric has ranged from a low of 6.18 to a high of 20.76. The Semiconductors industry median Return-on-Tangible-Asset is 2.63. Fujiyama Power Systems' value of 18.62% is 608% above this industry median. Based on the distribution chart, Fujiyama Power Systems ranks #98 out of 1025 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Fujiyama Power Systems has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Fujiyama Power Systems' Return-on-Tangible-Asset compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Fujiyama Power Systems ranks #98 out of 1025 companies for Return-on-Tangible-Asset. This places Fujiyama Power Systems in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.63. Fujiyama Power Systems' value of 18.62% is 608% above this benchmark. Historically, Fujiyama Power Systems' own Return-on-Tangible-Asset has ranged from 6.18 to 20.76 over the past decade. While the company's 10-year median is 8.98 vs. the industry median of 2.63, Fujiyama Power Systems 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.63, based on 1,025 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. Fujiyama Power Systems's current Return-on-Tangible-Asset of 18.62% is 608% 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 Fujiyama Power Systems and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujiyama Power Systems's current Return-on-Tangible-Asset is 18.62%, which is 107% above median its own 10-year median of 8.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujiyama Power Systems stock overvalued right now?
Fujiyama Power Systems (NSE:UTLSOLAR) has a current Return-on-Tangible-Asset of 18.62%. The current Return-on-Tangible-Asset is 18.62%, which is 107% above median its 10-year median of 8.98 and 608% above the Semiconductors industry median of 2.63. Fujiyama Power Systems' overall GF Score™ is 18/100 with 3 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 Fujiyama Power Systems (NSE:UTLSOLAR), the current Return-on-Tangible-Asset is 18.62% as of Mar. 2026. 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.
Fujiyama Power Systems Ltd is a manufacturer of products and solution provider in the roof-top solar industry, including on-grid, off-grid and hybrid solar systems. The company operates under its brands 'UTL Solar' and 'Fujiyama Solar'. Its offerings include solar PCUs, solar off-grid, on-grid and hybrid inverters, solar panels, pulse width modulation (PWM) chargers and other battery chargers, lithium-ion and tubular batteries, online uninterruptible power supply systems, offline UPS systems, solar management units and solar charge controllers. Additionally, the company provides chargers for three-wheeler electric autorickshaws (E-Rickshaws) and lithium-ion batteries. The company generates the majority of its revenue from the sales of its Solar Panels.
18GF Score
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