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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. R&D Computer Co's annualizedNet Income for the quarter that ended in Sep. 2025 was 円901 Mil. R&D Computer Co's average total tangible assets for the quarter that ended in Sep. 2025 was 円7,844 Mil. Therefore, R&D Computer Co's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2025 was 11.49%.
The historical rank and industry rank for R&D Computer Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3924'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.69 Med: 8.61 Max: 16.62
Current: 14.31
During the past 11 years, R&D Computer Co's highest Return-on-Tangible-Asset was 16.62%. The lowest was 5.69%. And the median was 8.61%.
TSE:3924's Return-on-Tangible-Asset is not ranked
in the Software industry.
Industry Median: 2.04
vs TSE:3924: 14.31
R&D Computer Co (TSE:3924) 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.
R&D Computer Co Return-on-Tangible-Asset Related Terms
R&D Computer Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for R&D Computer 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.
TSE:3924 vs IBM, ACN, FISV: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, R&D Computer 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.
R&D Computer Co Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, R&D Computer Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where R&D Computer 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 (Sep. 2025) net income data.
What does a Return-on-Tangible-Asset of 11.49% mean?
R&D Computer Co (TSE:3924) has a Return-on-Tangible-Asset of 11.49% as of Sep. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on R&D Computer Co and its competitors. This is 33% above median its historical median of 8.61. Over the past decade, R&D Computer Co's Return-on-Tangible-Asset has ranged from 5.69 to 16.62.
Is R&D Computer Co's Return-on-Tangible-Asset too high?
R&D Computer Co's current Return-on-Tangible-Asset of 11.49% is 33% above median its 10-year median of 8.61. Over the past 10 years, this metric has ranged from a low of 5.69 to a high of 16.62. The Software industry median Return-on-Tangible-Asset is 2.04. R&D Computer Co's value of 11.49% is 463.2% above this industry median. Overall, R&D Computer Co has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does R&D Computer Co's Return-on-Tangible-Asset compare to IBM and ACN?
R&D Computer Co's Return-on-Tangible-Asset of 11.49% can be compared against companies in the Software industry. The industry median Return-on-Tangible-Asset is 2.04. R&D Computer Co's value of 11.49% is 463.2% above this benchmark. Historically, R&D Computer Co's own Return-on-Tangible-Asset has ranged from 5.69 to 16.62 over the past decade. While the company's 10-year median is 8.61 vs. the industry median of 2.04, R&D Computer Co has consistently been above 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.04, based on 2,887 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. R&D Computer Co's current Return-on-Tangible-Asset of 11.49% is 463.2% above 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 R&D Computer Co and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. R&D Computer Co's current Return-on-Tangible-Asset is 11.49%, which is 33% above median its own 10-year median of 8.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is R&D Computer Co stock overvalued right now?
R&D Computer Co (TSE:3924) has a current Return-on-Tangible-Asset of 11.49%. The stock's GF Value™ is 円826.40, compared to a current price of 円915.00 — trading 10.7% above its estimated fair value. The current Return-on-Tangible-Asset is 11.49%, which is 33% above median its 10-year median of 8.61 and 463.2% above the Software industry median of 2.04. R&D Computer Co's overall GF Score™ is 60/100 with 4 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 R&D Computer Co (TSE:3924), the current Return-on-Tangible-Asset is 11.49% as of Sep. 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.
Is R&D Computer Co (TSE:3924) Overvalued in 2026?
Based on GuruFocus' analysis, R&D Computer Co stock appears to be overvalued.
The current stock price of 円915.00 is trading 10.7% above its estimated GF Value™ of 円826.40.
Key valuation signals for TSE:3924:
Return-on-Tangible-Asset: 11.49% (33% above median its 10-year median of 8.61)
GF Value™: 円826.40 vs. price of 円915.00 (10.7% above fair value)
Industry Position: 463.2% above the Software median
No single metric tells the full story. See the TSE:3924 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
R&D Computer Co Ltd is an independent system integrator. The Company also provides infrastructure solutions, package solutions, and cloud solutions. It also provides cloud solution, embedded, control system.
60GF Score
Get the complete analysis for TSE:3924
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