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Oji Holdings (TSE:3861) Return-on-Tangible-Asset : 1.00% (As of Sep. 2024)


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What is Oji Holdings 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. Oji Holdings's annualized Net Income for the quarter that ended in Sep. 2024 was 円26,032 Mil. Oji Holdings's average total tangible assets for the quarter that ended in Sep. 2024 was 円2,611,280 Mil. Therefore, Oji Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 1.00%.

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

TSE:3861' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.75   Med: 2.38   Max: 4.36
Current: 1.77

During the past 13 years, Oji Holdings's highest Return-on-Tangible-Asset was 4.36%. The lowest was 0.75%. And the median was 2.38%.

TSE:3861's Return-on-Tangible-Asset is ranked better than
55.4% of 287 companies
in the Forest Products industry
Industry Median: 1.2 vs TSE:3861: 1.77

Oji Holdings Return-on-Tangible-Asset Historical Data

The historical data trend for Oji Holdings'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.

Oji Holdings Return-on-Tangible-Asset Chart

Oji Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.06 2.58 4.36 2.62 2.17

Oji Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.41 1.79 1.41 2.94 1.00

Competitive Comparison of Oji Holdings's Return-on-Tangible-Asset

For the Paper & Paper Products subindustry, Oji Holdings'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.


Oji Holdings's Return-on-Tangible-Asset Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Oji Holdings's Return-on-Tangible-Asset distribution charts can be found below:

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



Oji Holdings Return-on-Tangible-Asset Calculation

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=50812/( (2270030+2408027)/ 2 )
=50812/2339028.5
=2.17 %

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=26032/( (0+2611280)/ 1 )
=26032/2611280
=1.00 %

* 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 (Sep. 2024) net income data.


Oji Holdings  (TSE:3861) 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.


Oji Holdings Return-on-Tangible-Asset Related Terms

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Oji Holdings Business Description

Traded in Other Exchanges
Address
7-5, Ginza 4-chome, Chuo-ku, Tokyo, JPN, 104-0061
Oji Holdings Corp is a holding company whose subsidiaries produce and sell pulp and a variety of paper products The company organizes itself into four segments based on product type. The household and industrial materials segment, which generates more revenue than any other segment, sells packaging materials, paper towels, toilet paper, tissues, and diapers. The functional materials segment sells adhesive paper, specialty paper, and film. The forest resources and environmental marketing segment sells lumber, pulp, and biomass fuel. The printing and communications media segment sells newsprint, magazine paper, and printer paper.

Oji Holdings Headlines

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