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Wedge CoTSE:252A 12 Return-on-Tangible-Asset is 2.46% as of Dec. 2025, which is 9% below its 10-year median of 2.70. GuruFocus rates TSE:252A with a GF Score™ of 12/100. The stock has 1 warning sign investors should review.
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. Wedge Co's annualizedNet Income for the quarter that ended in Dec. 2025 was 円48 Mil. Wedge Co's average total tangible assets for the quarter that ended in Dec. 2025 was 円1,965 Mil. Therefore, Wedge Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.46%.
The historical rank and industry rank for Wedge Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:252A'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.47 Med: 2.7 Max: 3.11
Current: 2.55
During the past 4 years, Wedge Co's highest Return-on-Tangible-Asset was 3.11%. The lowest was 2.47%. And the median was 2.70%.
TSE:252A's Return-on-Tangible-Asset is not ranked
in the Hardware industry.
Industry Median: 2.48
vs TSE:252A: 2.55
Wedge Co (TSE:252A) 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.
Wedge Co Return-on-Tangible-Asset Related Terms
Wedge Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Wedge 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.
For the Communication Equipment subindustry, Wedge 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.
Wedge Co Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Wedge Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Wedge 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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 2.46% mean?
Wedge Co (TSE:252A) has a Return-on-Tangible-Asset of 2.46% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Wedge Co and its competitors. This is near median its historical median of 2.70. Over the past decade, Wedge Co's Return-on-Tangible-Asset has ranged from 2.47 to 3.11.
Is Wedge Co's Return-on-Tangible-Asset too high?
Wedge Co's current Return-on-Tangible-Asset of 2.46% is near median its 10-year median of 2.70. Over the past 10 years, this metric has ranged from a low of 2.47 to a high of 3.11. The Hardware industry median Return-on-Tangible-Asset is 2.48. Wedge Co's value of 2.46% is 0.8% below this industry median. Overall, Wedge Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Wedge Co's Return-on-Tangible-Asset compare to ?
Wedge Co's Return-on-Tangible-Asset of 2.46% can be compared against companies in the Hardware industry. The industry median Return-on-Tangible-Asset is 2.48. Wedge Co's value of 2.46% is 0.8% below this benchmark. Historically, Wedge Co's own Return-on-Tangible-Asset has ranged from 2.47 to 3.11 over the past decade. While the company's 10-year median is 2.70 vs. the industry median of 2.48, Wedge Co has consistently been below 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.48, based on 2,501 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. Wedge Co's current Return-on-Tangible-Asset of 2.46% is 0.8% below 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 Wedge Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wedge Co's current Return-on-Tangible-Asset is 2.46%, which is near median its own 10-year median of 2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wedge Co stock overvalued right now?
Wedge Co (TSE:252A) has a current Return-on-Tangible-Asset of 2.46%. The current Return-on-Tangible-Asset is 2.46%, which is near median its 10-year median of 2.70 and 0.8% below the Hardware industry median of 2.48. Wedge Co's overall GF Score™ is 12/100 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 Wedge Co (TSE:252A), the current Return-on-Tangible-Asset is 2.46% as of Dec. 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.
Wedge Co Ltd is engaged in the Design, development, sales, maintenance, management, and rental and leasing of wireless communication devices. Its products include Digital simple radio registration stations, Specific low-power transceivers, repeaters, Business radios, Earphones, Microphones, chargers, Battery clips, Storage cases, antennas, GPs and others.
12GF Score
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