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Tecnisco (TSE:2962) Return-on-Tangible-Asset : -19.26% (As of Jun. 2024)


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What is Tecnisco 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. Tecnisco's annualized Net Income for the quarter that ended in Jun. 2024 was 円-1,693 Mil. Tecnisco's average total tangible assets for the quarter that ended in Jun. 2024 was 円8,793 Mil. Therefore, Tecnisco's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was -19.26%.

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

TSE:2962' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.09   Med: 3.7   Max: 11.61
Current: -6.97

During the past 4 years, Tecnisco's highest Return-on-Tangible-Asset was 11.61%. The lowest was -7.09%. And the median was 3.70%.

TSE:2962's Return-on-Tangible-Asset is ranked worse than
87.06% of 3013 companies
in the Industrial Products industry
Industry Median: 3.52 vs TSE:2962: -6.97

Tecnisco Return-on-Tangible-Asset Historical Data

The historical data trend for Tecnisco'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.

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Tecnisco Return-on-Tangible-Asset Chart

Tecnisco Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Return-on-Tangible-Asset
4.54 11.61 2.85 -7.09

Tecnisco Quarterly Data
Jun21 Jun22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Return-on-Tangible-Asset Get a 7-Day Free Trial 1.76 2.35 -6.65 -3.92 -19.26

Competitive Comparison of Tecnisco's Return-on-Tangible-Asset

For the Metal Fabrication subindustry, Tecnisco'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.


Tecnisco's Return-on-Tangible-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tecnisco's Return-on-Tangible-Asset distribution charts can be found below:

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



Tecnisco Return-on-Tangible-Asset Calculation

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=-603.632/( (7894.25+9139.771)/ 2 )
=-603.632/8517.0105
=-7.09 %

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=-1693.456/( (8445.557+9139.771)/ 2 )
=-1693.456/8792.664
=-19.26 %

* 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. 2024) net income data.


Tecnisco  (TSE:2962) 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.


Tecnisco Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Tecnisco's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Tecnisco Business Description

Traded in Other Exchanges
N/A
Address
2-2-15, Minami-Shinagawa, Shinagawa-ku, Tokyo, JPN, 140-0004
Tecnisco Ltd is engaged in the Precision products business. It manufactures and sells Metal Products, Glass Products, and Drilling tool Products. Its products include Heatsinks, a Display device for projectors and mobile, Single core drills, Double core drills, and silicon products. The company uses Cross-edge technology for its operations.

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