System DTSE:3804 +3.40%76 ROA % is 10.96% as of Apr. 2026, which is 19% above its 10-year median of 9.18. GuruFocus rates TSE:3804 with a GF Score™ of 76/100 and a GF Value™ of 円550.24 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,882 Software companies, System D ranks better than 75.95% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. System D's annualizedNet Income for the quarter that ended in Apr. 2026 was 円820 Mil.
System D's average Total Assets over the quarter that ended in Apr. 2026 was 円7,484 Mil. Therefore, System D's annualized ROA % for the quarter that ended in Apr. 2026 was 10.96%.
The historical rank and industry rank for System D's ROA % or its related term are showing as below:
TSE:3804'
s ROA % Range Over the Past 10 Years
Min: 3.63 Med: 9.18 Max: 12.37
Current: 8.04
During the past 13 years, System D's highest ROA % was 12.37%. The lowest was 3.63%. And the median was 9.18%.
TSE:3804's ROA % is ranked better than 75.95% of 2882
companies
in the Software industry
Industry Median: 1.66
vs TSE:3804: 8.04
System D (TSE:3804) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Apr. 2026) net income data. The Revenue data used here is two times the semi-annual (Apr. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % 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. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
System D ROA % Related Terms
System D ROA % Historical Data
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The historical data trend for System D's ROA % 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.
For the Software - Application subindustry, System D's ROA %, along with its competitors' market caps and ROA % 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.
System D ROA % vs Software Industry
For the Software industry and Technology sector, System D's ROA % distribution charts can be found below:
* The bar in red indicates where System D's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Apr. 2026) net income data.
ROA % is displayed in the 30-year financial page.
System D (TSE:3804) has a ROA % of 10.96% as of Apr. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on System D and its competitors. This is 19% above median its historical median of 9.18. Over the past decade, System D's ROA % has ranged from 3.63 to 12.37. According to the industry distribution chart, System D ranks #693 out of 2882 companies in the Software industry, placing it in the top 24%.
Is System D's ROA % too high?
System D's current ROA % of 10.96% is 19% above median its 10-year median of 9.18. Over the past 10 years, this metric has ranged from a low of 3.63 to a high of 12.37. The Software industry median ROA % is 1.66. System D's value of 10.96% is 560.2% above this industry median. Based on the distribution chart, System D ranks #693 out of 2882 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, System D has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does System D's ROA % compare to UBER and SHOP?
According to the Software industry distribution chart, System D ranks #693 out of 2882 companies for ROA %. This places System D in the top 24% of its industry — outperforming the majority of peers. The industry median ROA % is 1.66. System D's value of 10.96% is 560.2% above this benchmark. Historically, System D's own ROA % has ranged from 3.63 to 12.37 over the past decade. While the company's 10-year median is 9.18 vs. the industry median of 1.66, System D 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 ROA % for a Software company?
The median ROA % among Software companies is 1.66, based on 2,882 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. System D's current ROA % of 10.96% is 560.2% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on System D and its competitors. For the Software industry, the median ROA % is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. System D's current ROA % is 10.96%, which is 19% above median its own 10-year median of 9.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is System D stock overvalued right now?
Based on GuruFocus' analysis, System D (TSE:3804) is currently considered Modestly Undervalued. The stock's GF Value™ is 円550.24, compared to a current price of 円426.00 — trading 22.6% below its estimated fair value. The current ROA % is 10.96%, which is 19% above median its 10-year median of 9.18 and 560.2% above the Software industry median of 1.66. System D's overall GF Score™ is 76/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For System D (TSE:3804), the current ROA % is 10.96% as of Apr. 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 System D (TSE:3804) Overvalued in 2026?
Based on GuruFocus' analysis, System D stock appears to be undervalued.
The current stock price of 円426.00 is trading 22.6% below its estimated GF Value™ of 円550.24.
GuruFocus considers System D to be Modestly Undervalued.
Key valuation signals for TSE:3804:
ROA %: 10.96% (19% above median its 10-year median of 9.18)
GF Value™: 円550.24 vs. price of 円426.00 (22.6% below fair value)
Industry Position: 560.2% above the Software median (#693 of 2882)
No single metric tells the full story. See the TSE:3804 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
System D Inc creates industry-specialized package software. The software development serves the schools, fitness clubs, distributors and other institutions. Its products and services include: Campus Plan, School Engine, PPP, Public Property Management System, Common Financial Accounting System, Smart Hello/Hello EX, Smart Hello Ticket/Hello Fun, Regulations Management System, and Contract creation and management system.
76GF Score
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