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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. Apple International Co's annualizedNet Income for the quarter that ended in Jun. 2026 was 円0 Mil. Apple International Co's average total tangible assets for the quarter that ended in Jun. 2026 was 円22,358 Mil. Therefore, Apple International Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 0.00%.
The historical rank and industry rank for Apple International Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:2788'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.51 Med: 4.3 Max: 10.72
Current: 5.11
During the past 13 years, Apple International Co's highest Return-on-Tangible-Asset was 10.72%. The lowest was 1.51%. And the median was 4.30%.
TSE:2788's Return-on-Tangible-Asset is ranked better than 64.32% of 1337
companies
in the Vehicles & Parts industry
Industry Median: 3.4
vs TSE:2788: 5.11
Apple International Co (TSE:2788) 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.
Apple International Co Return-on-Tangible-Asset Related Terms
Apple International Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Apple International 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.
Apple International Co Return-on-Tangible-Asset Chart
TSE:2788 vs CVNA, PAG, KMX: Return-on-Tangible-Asset Comparison
For the Auto & Truck Dealerships subindustry, Apple International 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.
Apple International Co Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Apple International Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Apple International 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.00% mean?
Apple International Co (TSE:2788) has a Return-on-Tangible-Asset of 0.00% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Apple International Co and its competitors. Over the past decade, Apple International Co's Return-on-Tangible-Asset has ranged from 1.51 to 10.72. According to the industry distribution chart, Apple International Co ranks #477 out of 1337 companies in the Vehicles & Parts industry, placing it in the top 35.7%.
Is Apple International Co's Return-on-Tangible-Asset too high?
Apple International Co's current Return-on-Tangible-Asset is 0.00%. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 10.72. Based on the distribution chart, Apple International Co ranks #477 out of 1337 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Apple International Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apple International Co's Return-on-Tangible-Asset compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Apple International Co ranks #477 out of 1337 companies for Return-on-Tangible-Asset. This puts Apple International Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.40. Historically, Apple International Co's own Return-on-Tangible-Asset has ranged from 1.51 to 10.72 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.40, based on 1,337 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 Apple International Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apple International Co's current Return-on-Tangible-Asset is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apple International Co stock overvalued right now?
Based on GuruFocus' analysis, Apple International Co (TSE:2788) is currently considered Fairly Valued. The stock's GF Value™ is 円395.16, compared to a current price of 円439.00 — trading 11.1% above its estimated fair value. The current Return-on-Tangible-Asset is 0.00%. Apple International Co's overall GF Score™ is 72/100 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 Apple International Co (TSE:2788), the current Return-on-Tangible-Asset is 0.00% as of Jun. 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 Apple International Co (TSE:2788) Overvalued in 2026?
Based on GuruFocus' analysis, Apple International Co stock appears to be overvalued.
The current stock price of 円439.00 is trading 11.1% above its estimated GF Value™ of 円395.16.
GuruFocus considers Apple International Co to be Fairly Valued.
Key valuation signals for TSE:2788:
Return-on-Tangible-Asset: 0.00%
GF Value™: 円395.16 vs. price of 円439.00 (11.1% above fair value)
No single metric tells the full story. See the TSE:2788 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apple International Co Ltd is a second-hand car exporter. Its purchase and sales used cars. It exports used cars and related auto-parts to South-Eastern countries.
72GF Score
Get the complete analysis for TSE:2788
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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