Synchro Food Co (TSE:3963) Return-on-Tangible-Asset: 1.89% (As of Mar. 2026) — 86% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3963 Synchro Food Co Ltd TSE:3963
56 GF Score
Price 円340.00
GF Value 円872.87
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Synchro Food Co Return-on-Tangible-Asset?

Synchro Food Co TSE:3963 56 Return-on-Tangible-Asset is 1.89% as of Mar. 2026, which is 86% below its 10-year median of 13.96. GuruFocus rates TSE:3963 with a GF Score™ of 56/100 and a GF Value™ of 円872.87 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,094 Business Services companies, Synchro Food Co ranks better than 52.01% on this metric.

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. Synchro Food Co's annualized Net Income for the quarter that ended in Mar. 2026 was 円121 Mil. Synchro Food Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円6,380 Mil. Therefore, Synchro Food Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.89%.

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

TSE:3963' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.14   Med: 13.96   Max: 18.45
Current: 4.31

During the past 11 years, Synchro Food Co's highest Return-on-Tangible-Asset was 18.45%. The lowest was -6.14%. And the median was 13.96%.

TSE:3963's Return-on-Tangible-Asset is ranked better than
52.01% of 1094 companies
in the Business Services industry
Industry Median: 3.98 vs TSE:3963: 4.31

Synchro Food Co  (TSE:3963) 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.


Synchro Food Co Return-on-Tangible-Asset Related Terms


Synchro Food Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Synchro Food 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.

Synchro Food Co Return-on-Tangible-Asset Chart

Synchro Food Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.08 16.37 15.64 12.27 4.34

Synchro Food Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 16.82 16.25 9.63 6.78 1.89

TSE:3963 vs CTAS, CPRT, GPN: Return-on-Tangible-Asset Comparison

For the Specialty Business Services subindustry, Synchro Food 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.


Synchro Food Co Return-on-Tangible-Asset vs Business Services Industry

For the Business Services industry and Industrials sector, Synchro Food Co's Return-on-Tangible-Asset distribution charts can be found below:

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


TSE:3963
56GF Score
Synchro Food Co Ltd TSE:3963
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Synchro Food Co Return-on-Tangible-Asset Calculation

Synchro Food Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=269.854/( (6020.776+6422.279)/ 2 )
=269.854/6221.5275
=4.34 %

Synchro Food Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=120.706/( (6336.846+6422.279)/ 2 )
=120.706/6379.5625
=1.89 %

* 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 (Mar. 2026) net income data.

What does a Return-on-Tangible-Asset of 1.89% mean?
Synchro Food Co (TSE:3963) has a Return-on-Tangible-Asset of 1.89% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Synchro Food Co and its competitors. This is 86% below median its historical median of 13.96. According to the industry distribution chart, Synchro Food Co ranks #525 out of 1094 companies in the Business Services industry, placing it in the top 48%.
Is Synchro Food Co's Return-on-Tangible-Asset too high?
Synchro Food Co's current Return-on-Tangible-Asset of 1.89% is 86% below median its 10-year median of 13.96. The Business Services industry median Return-on-Tangible-Asset is 3.98. Synchro Food Co's value of 1.89% is 52.5% below this industry median. Based on the distribution chart, Synchro Food Co ranks #525 out of 1094 companies in the Business Services industry, which is above the industry midpoint. Overall, Synchro Food Co has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Synchro Food Co's Return-on-Tangible-Asset compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Synchro Food Co ranks #525 out of 1094 companies for Return-on-Tangible-Asset. This puts Synchro Food Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.98. Synchro Food Co's value of 1.89% is 52.5% below this benchmark. While the company's 10-year median is 13.96 vs. the industry median of 3.98, Synchro Food 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.98, based on 1,094 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. Synchro Food Co's current Return-on-Tangible-Asset of 1.89% is 52.5% 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 Synchro Food Co and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Synchro Food Co's current Return-on-Tangible-Asset is 1.89%, which is 86% below median its own 10-year median of 13.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synchro Food Co stock overvalued right now?
Based on GuruFocus' analysis, Synchro Food Co (TSE:3963) is currently considered Possible Value Trap. The stock's GF Value™ is 円872.87, compared to a current price of 円340.00 — trading 61% below its estimated fair value. The current Return-on-Tangible-Asset is 1.89%, which is 86% below median its 10-year median of 13.96 and 52.5% below the Business Services industry median of 3.98. Synchro Food Co's overall GF Score™ is 56/100 with 7 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 Synchro Food Co (TSE:3963), the current Return-on-Tangible-Asset is 1.89% as of Mar. 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 Synchro Food Co (TSE:3963) Overvalued in 2026?

Based on GuruFocus' analysis, Synchro Food Co stock appears to be undervalued. The current stock price of 円340.00 is trading 61% below its estimated GF Value™ of 円872.87. GuruFocus considers Synchro Food Co to be Possible Value Trap.

Key valuation signals for TSE:3963:

  • Return-on-Tangible-Asset: 1.89% (86% below median its 10-year median of 13.96)
  • GF Value™: 円872.87 vs. price of 円340.00 (61% below fair value)
  • GF Score™: 56/100 with 7 warning signs
  • Industry Position: 52.5% below the Business Services median (#525 of 1094)

No single metric tells the full story. See the TSE:3963 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Synchro Food Co Business Description

Address 7th Floor, SouthOne Building, 1-7-8, Ebisu Minami, Shibuya-ku, Tokyo, JPN, 150-0022
Synchro Food Co Ltd provides services and information to help restaurant owners. It offers equipment, furniture, restaurant related job information website, matching restaurant owners with interior designer and restaurant opening information website.
56GF Score

Get the complete analysis for TSE:3963

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円340.00
Price
円872.87
GF Value