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CNS Co (TSE:4076) Return-on-Tangible-Asset : 0.00% (As of Nov. 2024)


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What is CNS Co 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. CNS Co's annualized Net Income for the quarter that ended in Nov. 2024 was 円0 Mil. CNS Co's average total tangible assets for the quarter that ended in Nov. 2024 was 円4,923 Mil. Therefore, CNS Co's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2024 was 0.00%.

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

TSE:4076' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.95   Med: 10.72   Max: 12.54
Current: 9.7

During the past 6 years, CNS Co's highest Return-on-Tangible-Asset was 12.54%. The lowest was 5.95%. And the median was 10.72%.

TSE:4076's Return-on-Tangible-Asset is ranked better than
76.38% of 2837 companies
in the Software industry
Industry Median: 1.9 vs TSE:4076: 9.70

CNS Co Return-on-Tangible-Asset Historical Data

The historical data trend for CNS 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.

* Premium members only.

CNS Co Return-on-Tangible-Asset Chart

CNS Co Annual Data
Trend May19 May20 May21 May22 May23 May24
Return-on-Tangible-Asset
Get a 7-Day Free Trial 12.54 11.43 11.34 10.09 9.87

CNS Co Quarterly Data
May19 May20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24
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 8.10 11.76 11.35 9.33 -

Competitive Comparison of CNS Co's Return-on-Tangible-Asset

For the Information Technology Services subindustry, CNS 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.


CNS Co's Return-on-Tangible-Asset Distribution in the Software Industry

For the Software industry and Technology sector, CNS Co's Return-on-Tangible-Asset distribution charts can be found below:

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


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CNS Co Return-on-Tangible-Asset Calculation

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: May. 2024 )  (A: May. 2023 )(A: May. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: May. 2024 )  (A: May. 2023 )(A: May. 2024 )
=461.328/( (4467.433+4884.134)/ 2 )
=461.328/4675.7835
=9.87 %

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Nov. 2024 )  (Q: May. 2024 )(Q: Nov. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Nov. 2024 )  (Q: May. 2024 )(Q: Nov. 2024 )
=0/( (4884.134+4961.944)/ 2 )
=0/4923.039
=0.00 %

* 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 (Nov. 2024) net income data.


CNS Co  (TSE:4076) 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.


CNS Co Return-on-Tangible-Asset Related Terms

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CNS Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
1-5-5 Ebisu Minami, 9th Floor of JR Ebisu Building, Shibuya-ku, Tokyo, JPN, 150-0022
CNS Co Ltd is an information technology solutions company.

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