Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Mitsui DM Sugar Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円-13,216 Mil. Mitsui DM Sugar Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円180,829 Mil. Therefore, Mitsui DM Sugar Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -7.31%.
The historical rank and industry rank for Mitsui DM Sugar Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:2109'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.83 Med: 3.82 Max: 6.68
Current: 2.31
During the past 13 years, Mitsui DM Sugar Co's highest Return-on-Tangible-Asset was 6.68%. The lowest was 1.83%. And the median was 3.82%.
TSE:2109's Return-on-Tangible-Asset is ranked worse than 59.05% of 1995
companies
in the Consumer Packaged Goods industry
Industry Median: 3.52
vs TSE:2109: 2.31
Mitsui DM Sugar Co (TSE:2109) 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.
Mitsui DM Sugar Co Return-on-Tangible-Asset Related Terms
Mitsui DM Sugar Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mitsui DM Sugar Co'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.
TSE:2109 vs MDLZ, HSY, TR: Return-on-Tangible-Asset Comparison
For the Confectioners subindustry, Mitsui DM Sugar Co'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.
Mitsui DM Sugar Co Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Mitsui DM Sugar Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mitsui DM Sugar Co'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 -7.31% mean?
Mitsui DM Sugar Co (TSE:2109) has a Return-on-Tangible-Asset of -7.31% 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 Mitsui DM Sugar Co and its competitors. Over the past decade, Mitsui DM Sugar Co's Return-on-Tangible-Asset has ranged from 1.83 to 6.68. According to the industry distribution chart, Mitsui DM Sugar Co ranks #1178 out of 1995 companies in the Consumer Packaged Goods industry, placing it in the top 59%.
Is Mitsui DM Sugar Co's Return-on-Tangible-Asset too high?
Mitsui DM Sugar Co's current Return-on-Tangible-Asset is -7.31%. Over the past 10 years, this metric has ranged from a low of 1.83 to a high of 6.68. Based on the distribution chart, Mitsui DM Sugar Co ranks #1178 out of 1995 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Mitsui DM Sugar Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mitsui DM Sugar Co's Return-on-Tangible-Asset compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Mitsui DM Sugar Co ranks #1178 out of 1995 companies for Return-on-Tangible-Asset. This places Mitsui DM Sugar Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.52. Historically, Mitsui DM Sugar Co's own Return-on-Tangible-Asset has ranged from 1.83 to 6.68 over the past decade. 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.52, based on 1,995 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. 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 Mitsui DM Sugar Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsui DM Sugar Co's current Return-on-Tangible-Asset is -7.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsui DM Sugar Co stock overvalued right now?
Based on GuruFocus' analysis, Mitsui DM Sugar Co (TSE:2109) is currently considered Fairly Valued. The stock's GF Value™ is 円3,462.21, compared to a current price of 円3,510.00 — trading 1.4% above its estimated fair value. The current Return-on-Tangible-Asset is -7.31%. Mitsui DM Sugar Co's overall GF Score™ is 71/100 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 Mitsui DM Sugar Co (TSE:2109), the current Return-on-Tangible-Asset is -7.31% 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.
Is Mitsui DM Sugar Co (TSE:2109) Overvalued in 2026?
Based on GuruFocus' analysis, Mitsui DM Sugar Co stock appears to be overvalued.
The current stock price of 円3,510.00 is trading 1.4% above its estimated GF Value™ of 円3,462.21.
GuruFocus considers Mitsui DM Sugar Co to be Fairly Valued.
Key valuation signals for TSE:2109:
Return-on-Tangible-Asset: -7.31%
GF Value™: 円3,462.21 vs. price of 円3,510.00 (1.4% above fair value)
No single metric tells the full story. See the TSE:2109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitsui DM Sugar Co Ltd is in the business of manufacturing and selling raw sugar and its products, food science, and real estate. The company manufactures and promotes its products under the brand name of Spoon brand. Its products include home use products, business use products, tabletop products, alternative sweeteners.
71GF Score
Get the complete analysis for TSE:2109
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:2109 has been successfully added to your 
