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Taiheiyo Kouhatsu (TSE:8835) Return-on-Tangible-Asset : 0.00% (As of Sep. 2024)


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What is Taiheiyo Kouhatsu 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. Taiheiyo Kouhatsu's annualized Net Income for the quarter that ended in Sep. 2024 was 円0 Mil. Taiheiyo Kouhatsu's average total tangible assets for the quarter that ended in Sep. 2024 was 円47,383 Mil. Therefore, Taiheiyo Kouhatsu's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 0.00%.

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

TSE:8835' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.57   Med: 1.04   Max: 1.71
Current: 1.31

During the past 13 years, Taiheiyo Kouhatsu's highest Return-on-Tangible-Asset was 1.71%. The lowest was 0.57%. And the median was 1.04%.

TSE:8835's Return-on-Tangible-Asset is ranked worse than
59.76% of 584 companies
in the Conglomerates industry
Industry Median: 2.42 vs TSE:8835: 1.31

Taiheiyo Kouhatsu Return-on-Tangible-Asset Historical Data

The historical data trend for Taiheiyo Kouhatsu'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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Taiheiyo Kouhatsu Return-on-Tangible-Asset Chart

Taiheiyo Kouhatsu 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 1.06 1.02 0.83 1.54 1.39

Taiheiyo Kouhatsu 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 1.11 1.57 1.53 1.12 -

Competitive Comparison of Taiheiyo Kouhatsu's Return-on-Tangible-Asset

For the Conglomerates subindustry, Taiheiyo Kouhatsu'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.


Taiheiyo Kouhatsu's Return-on-Tangible-Asset Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Taiheiyo Kouhatsu's Return-on-Tangible-Asset distribution charts can be found below:

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


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Taiheiyo Kouhatsu Return-on-Tangible-Asset Calculation

Taiheiyo Kouhatsu'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 )
=626/( (45592+44767)/ 2 )
=626/45179.5
=1.39 %

Taiheiyo Kouhatsu'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/( (44767+49998)/ 2 )
=0/47382.5
=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.


Taiheiyo Kouhatsu  (TSE:8835) 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.


Taiheiyo Kouhatsu Return-on-Tangible-Asset Related Terms

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Taiheiyo Kouhatsu Business Description

Traded in Other Exchanges
N/A
Address
Matai Building, 2-6-7, Motoasakusa, Taito-ku, Tokyo, JPN, 111-0041
Taiheiyo Kouhatsu Inc operates in the real estate and energy businesses in Japan. Taiheiyo Kouhatsu as a real estate developer takes comprehensive care of planning, site selection, design and surveillance, and sales of condominiums, residential land and detached houses. The energy business is involved in the sell of fuel oil and lubricating oil mainly for general industry and ships. It also sells gasoline, light oil and kerosene to franchised stores handling oil. In addition, it is engaged in the provision of nursing home services for seniors.

Taiheiyo Kouhatsu Headlines

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