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Yutaka Giken Co (TSE:7229) Return-on-Tangible-Asset : 0.00% (As of Sep. 2024)


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What is Yutaka Giken 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. Yutaka Giken Co's annualized Net Income for the quarter that ended in Sep. 2024 was 円0 Mil. Yutaka Giken Co's average total tangible assets for the quarter that ended in Sep. 2024 was 円173,328 Mil. Therefore, Yutaka Giken Co's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 0.00%.

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

TSE:7229' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.8   Med: 2.65   Max: 5.6
Current: 4.07

During the past 13 years, Yutaka Giken Co's highest Return-on-Tangible-Asset was 5.60%. The lowest was -0.80%. And the median was 2.65%.

TSE:7229's Return-on-Tangible-Asset is ranked better than
58.23% of 1324 companies
in the Vehicles & Parts industry
Industry Median: 3.06 vs TSE:7229: 4.07

Yutaka Giken Co Return-on-Tangible-Asset Historical Data

The historical data trend for Yutaka Giken 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.

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Yutaka Giken Co Return-on-Tangible-Asset Chart

Yutaka Giken Co 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 0.70 -0.80 2.26 0.71 3.88

Yutaka Giken Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 2.24 1.96 5.24 6.05 -

Competitive Comparison of Yutaka Giken Co's Return-on-Tangible-Asset

For the Auto Parts subindustry, Yutaka Giken 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.


Yutaka Giken Co's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Yutaka Giken Co's Return-on-Tangible-Asset distribution charts can be found below:

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


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Yutaka Giken Co Return-on-Tangible-Asset Calculation

Yutaka Giken Co'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 )
=7448/( (198994+184936)/ 2 )
=7448/191965
=3.88 %

Yutaka Giken Co'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: Mar. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=0/( (184936+161719)/ 2 )
=0/173327.5
=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 (Sep. 2024) net income data.


Yutaka Giken Co  (TSE:7229) 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.


Yutaka Giken Co Return-on-Tangible-Asset Related Terms

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Yutaka Giken Co Business Description

Traded in Other Exchanges
N/A
Address
508-1, Yutaka-cho, Higashi-ku, Shizuoka Prefecture, Hamamatsu, JPN, 431 3194
Yutaka Giken Co Ltd is a Japanese based auto parts manufacturer. The company is engaged in the manufacturing and sale of automobile components. Its product line includes drive system products, exhaust system products, and braking system products including torque converters, catalytic converters, mufflers, exhaust manifolds, silencer, a heat collector, and exhaust manifold.

Yutaka Giken Co Headlines

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