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Human MadeTSE:456A -1.68%22 Return-on-Tangible-Asset is 28.04% as of Jan. 2026, which is 1% below its 10-year median of 28.21. GuruFocus rates TSE:456A with a GF Score™ of 22/100. The stock has 2 warning signs investors should review. Among 1,067 Manufacturing - Apparel & Accessories companies, Human Made ranks better than 97.84% 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. Human Made's annualizedNet Income for the quarter that ended in Jan. 2026 was 円3,465 Mil. Human Made's average total tangible assets for the quarter that ended in Jan. 2026 was 円12,358 Mil. Therefore, Human Made's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2026 was 28.04%.
The historical rank and industry rank for Human Made's Return-on-Tangible-Asset or its related term are showing as below:
TSE:456A'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 21.7 Med: 28.21 Max: 30.85
Current: 21.7
During the past 3 years, Human Made's highest Return-on-Tangible-Asset was 30.85%. The lowest was 21.70%. And the median was 28.21%.
TSE:456A's Return-on-Tangible-Asset is ranked better than 97.84% of 1067
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.19
vs TSE:456A: 21.70
Human Made (TSE:456A) 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.
Human Made Return-on-Tangible-Asset Related Terms
Human Made Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Human Made'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:456A vs RL, LEVI, VFC: Return-on-Tangible-Asset Comparison
For the Apparel Manufacturing subindustry, Human Made'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.
Human Made Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Human Made's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Human Made'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 four times the quarterly (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of 28.04% mean?
Human Made (TSE:456A) has a Return-on-Tangible-Asset of 28.04% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Human Made and its competitors. This is near median its historical median of 28.21. Over the past decade, Human Made's Return-on-Tangible-Asset has ranged from 21.70 to 30.85. According to the industry distribution chart, Human Made ranks #23 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 2.2%.
Is Human Made's Return-on-Tangible-Asset too high?
Human Made's current Return-on-Tangible-Asset of 28.04% is near median its 10-year median of 28.21. Over the past 10 years, this metric has ranged from a low of 21.70 to a high of 30.85. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.19. Human Made's value of 28.04% is 1180.4% above this industry median. Based on the distribution chart, Human Made ranks #23 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Human Made has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Human Made's Return-on-Tangible-Asset compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Human Made ranks #23 out of 1067 companies for Return-on-Tangible-Asset. This places Human Made in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.19. Human Made's value of 28.04% is 1180.4% above this benchmark. Historically, Human Made's own Return-on-Tangible-Asset has ranged from 21.70 to 30.85 over the past decade. While the company's 10-year median is 28.21 vs. the industry median of 2.19, Human Made 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.19, based on 1,067 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. Human Made's current Return-on-Tangible-Asset of 28.04% is 1180.4% 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 Human Made and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Human Made's current Return-on-Tangible-Asset is 28.04%, which is near median its own 10-year median of 28.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Human Made stock overvalued right now?
Human Made (TSE:456A) has a current Return-on-Tangible-Asset of 28.04%. The current Return-on-Tangible-Asset is 28.04%, which is near median its 10-year median of 28.21 and 1180.4% above the Manufacturing - Apparel & Accessories industry median of 2.19. Human Made's overall GF Score™ is 22/100 with 2 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 Human Made (TSE:456A), the current Return-on-Tangible-Asset is 28.04% as of Jan. 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.
Human Made Inc is engaged in Manufacture and sale of various apparel and textile products such as men's, women's, and children's apparel and decorative miscellaneous goods.
22GF Score
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