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Daiko XtechTSE:8023 +0.82%67 Return-on-Tangible-Asset is 7.46% as of Mar. 2026, which is 40% above its 10-year median of 5.32. GuruFocus rates TSE:8023 with a GF Score™ of 67/100 and a GF Value™ of 円947.38 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,500 Hardware companies, Daiko Xtech ranks better than 68.56% 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. Daiko Xtech's annualizedNet Income for the quarter that ended in Mar. 2026 was 円2,003 Mil. Daiko Xtech's average total tangible assets for the quarter that ended in Mar. 2026 was 円26,833 Mil. Therefore, Daiko Xtech's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.46%.
The historical rank and industry rank for Daiko Xtech's Return-on-Tangible-Asset or its related term are showing as below:
TSE:8023'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.92 Med: 5.32 Max: 11.66
Current: 5.41
During the past 13 years, Daiko Xtech's highest Return-on-Tangible-Asset was 11.66%. The lowest was -1.92%. And the median was 5.32%.
TSE:8023's Return-on-Tangible-Asset is ranked better than 68.56% of 2500
companies
in the Hardware industry
Industry Median: 2.455
vs TSE:8023: 5.41
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.
Daiko Xtech Return-on-Tangible-Asset Related Terms
Daiko Xtech Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Daiko Xtech'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:8023 vs SNX, ARW, AVT: Return-on-Tangible-Asset Comparison
For the Electronics & Computer Distribution subindustry, Daiko Xtech'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.
Daiko Xtech Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Daiko Xtech's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Daiko Xtech'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.46% mean?
Daiko Xtech (TSE:8023) has a Return-on-Tangible-Asset of 7.46% 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 Daiko Xtech and its competitors. This is 40% above median its historical median of 5.32. According to the industry distribution chart, Daiko Xtech ranks #786 out of 2500 companies in the Hardware industry, placing it in the top 31.4%.
Is Daiko Xtech's Return-on-Tangible-Asset too high?
Daiko Xtech's current Return-on-Tangible-Asset of 7.46% is 40% above median its 10-year median of 5.32. The Hardware industry median Return-on-Tangible-Asset is 2.46. Daiko Xtech's value of 7.46% is 203.9% above this industry median. Based on the distribution chart, Daiko Xtech ranks #786 out of 2500 companies in the Hardware industry, which is above the industry midpoint. Overall, Daiko Xtech has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daiko Xtech's Return-on-Tangible-Asset compare to SNX and ARW?
According to the Hardware industry distribution chart, Daiko Xtech ranks #786 out of 2500 companies for Return-on-Tangible-Asset. This puts Daiko Xtech in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.46. Daiko Xtech's value of 7.46% is 203.9% above this benchmark. While the company's 10-year median is 5.32 vs. the industry median of 2.46, Daiko Xtech 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.46, based on 2,500 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. Daiko Xtech's current Return-on-Tangible-Asset of 7.46% is 203.9% 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 Daiko Xtech and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiko Xtech's current Return-on-Tangible-Asset is 7.46%, which is 40% above median its own 10-year median of 5.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiko Xtech stock overvalued right now?
Based on GuruFocus' analysis, Daiko Xtech (TSE:8023) is currently considered Fairly Valued. The stock's GF Value™ is 円947.38, compared to a current price of 円988.00 — trading 4.3% above its estimated fair value. The current Return-on-Tangible-Asset is 7.46%, which is 40% above median its 10-year median of 5.32 and 203.9% above the Hardware industry median of 2.46. Daiko Xtech's overall GF Score™ is 67/100 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 Daiko Xtech (TSE:8023), the current Return-on-Tangible-Asset is 7.46% 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 Daiko Xtech (TSE:8023) Overvalued in 2026?
Based on GuruFocus' analysis, Daiko Xtech stock appears to be overvalued.
The current stock price of 円988.00 is trading 4.3% above its estimated GF Value™ of 円947.38.
GuruFocus considers Daiko Xtech to be Fairly Valued.
Key valuation signals for TSE:8023:
Return-on-Tangible-Asset: 7.46% (40% above median its 10-year median of 5.32)
GF Value™: 円947.38 vs. price of 円988.00 (4.3% above fair value)
Industry Position: 203.9% above the Hardware median (#786 of 2500)
No single metric tells the full story. See the TSE:8023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiko Xtech Ltd formerly Daiko Denshi Tsushin Ltd s engaged in the sale of information communications equipment and the provision of related services. The principal business activities of the company include system consultancy, sales and maintenances of various types of computers, development and maintenances of software, sales and maintenances of a network, sales of computer-related products and construction of office facility.
67GF Score
Get the complete analysis for TSE:8023
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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