What is Ryoyo Ryosan Holdings Return-on-Tangible-Asset?
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. Ryoyo Ryosan Holdings's annualizedNet Income for the quarter that ended in Jan. 2024 was 円1,732 Mil. Ryoyo Ryosan Holdings's average total tangible assets for the quarter that ended in Jan. 2024 was 円98,869 Mil. Therefore, Ryoyo Ryosan Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 was 1.75%.
The historical rank and industry rank for Ryoyo Ryosan Holdings's Return-on-Tangible-Asset or its related term are showing as below:
TSE:167A'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.27 Med: 1.52 Max: 7.31
Current: 7.31
During the past 13 years, Ryoyo Ryosan Holdings's highest Return-on-Tangible-Asset was 7.31%. The lowest was 0.27%. And the median was 1.52%.
TSE:167A's Return-on-Tangible-Asset is ranked better than 79.69% of 2482
companies
in the Hardware industry
Industry Median: 2.345
vs TSE:167A: 7.31
Ryoyo Ryosan Holdings Return-on-Tangible-Asset Historical Data
The historical data trend for Ryoyo Ryosan Holdings'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.
Competitive Comparison of Ryoyo Ryosan Holdings's Return-on-Tangible-Asset
For the Electronics & Computer Distribution subindustry, Ryoyo Ryosan Holdings'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.
Ryoyo Ryosan Holdings's Return-on-Tangible-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Ryoyo Ryosan Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ryoyo Ryosan Holdings'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 (Jan. 2024) net income data.
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.
Ryoyo Ryosan Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Ryoyo Ryosan Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Ryoyo Ryosan Holdings (TSE:167A) Business Description
Ryoyo Electro Corp engages in the sale of electronic equipment; semiconductors, computer systems and peripherals, electronic devices, and other electronic components. It sells integrated circuits (ICs), such as memory products, microcontrollers, application specific integrated circuit (ASIC), and system large scale integration (LSI); semiconductor elements such as power devices, photo couplers, light-emitting diode (LED) elements, laser diodes and transistors; system information equipment, such as servers, storages, workstation products, personal computers, software, display monitors, printers, plotters, projectors and local area network (LAN) systems; and electronic parts, such as liquid crystal display panels, liquid crystal display modules, contact image sensors and others.
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