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Neuromagic Co (TSE:251A) Return-on-Tangible-Asset : -2.23% (As of Feb. 2024)


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What is Neuromagic Co 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. Neuromagic Co's annualized Net Income for the quarter that ended in Feb. 2024 was 円-15 Mil. Neuromagic Co's average total tangible assets for the quarter that ended in Feb. 2024 was 円672 Mil. Therefore, Neuromagic Co's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2024 was -2.23%.

The historical rank and industry rank for Neuromagic Co's Return-on-Tangible-Asset or its related term are showing as below:

TSE:251A' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.23   Med: 0.32   Max: 2.86
Current: -2.23

During the past 2 years, Neuromagic Co's highest Return-on-Tangible-Asset was 2.86%. The lowest was -2.23%. And the median was 0.32%.

TSE:251A's Return-on-Tangible-Asset is not ranked
in the Software industry.
Industry Median: 1.88 vs TSE:251A: -2.23

Neuromagic Co Return-on-Tangible-Asset Historical Data

The historical data trend for Neuromagic 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.

* Premium members only.

Neuromagic Co Return-on-Tangible-Asset Chart

Neuromagic Co Annual Data
Trend Feb23 Feb24
Return-on-Tangible-Asset
2.86 -2.23

Neuromagic Co Semi-Annual Data
Feb23 Feb24
Return-on-Tangible-Asset 2.86 -2.23

Competitive Comparison of Neuromagic Co's Return-on-Tangible-Asset

For the Software - Infrastructure subindustry, Neuromagic 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.


Neuromagic Co's Return-on-Tangible-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Neuromagic Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Neuromagic Co's Return-on-Tangible-Asset falls into.


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Neuromagic Co Return-on-Tangible-Asset Calculation

Neuromagic Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Feb. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Feb. 2024 )  (A: Feb. 2023 )(A: Feb. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Feb. 2024 )  (A: Feb. 2023 )(A: Feb. 2024 )
=-14.969/( (701.222+642.371)/ 2 )
=-14.969/671.7965
=-2.23 %

Neuromagic Co's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Feb. 2024 )  (Q: Feb. 2023 )(Q: Feb. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Feb. 2024 )  (Q: Feb. 2023 )(Q: Feb. 2024 )
=-14.969/( (701.222+642.371)/ 2 )
=-14.969/671.7965
=-2.23 %

* 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 one times the annual (Feb. 2024) net income data.


Neuromagic Co  (TSE:251A) 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 company’s 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 company’s 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.


Neuromagic Co Return-on-Tangible-Asset Related Terms

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Neuromagic Co Business Description

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Traded in Other Exchanges
N/A
Address
6-16-1 Tsukiji, Tsukiji 616 Building 3rd Floor, Chuo-ku, Tokyo, JPN, 104-0045
Neuromagic Co Ltd is an experience design company with the slogan Experience Agency. It pursues the best experience by considering everything from business requirements and business processes including backstage to social and cultural background and environment. The company is specialized in web production, digital contents development, graphic design, service design, consulting, web design, UX, design research, and SX.

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