Human Made (TSE:456A) ROA %: 27.77% (As of Jan. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:456A Human Made Inc TSE:456A
21 GF Score
Price 円1,493.00
! 3 Warning Signs
View Full Analysis

What is Human Made ROA %?

Human Made TSE:456A -3.68% 21 ROA % is 27.77% as of Jan. 2026, which is 0% below its 10-year median of 27.79. GuruFocus rates TSE:456A with a GF Score™ of 21/100. The stock has 3 warning signs investors should review. Among 1,069 Manufacturing - Apparel & Accessories companies, Human Made ranks better than 98.13% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Human Made's annualized Net Income for the quarter that ended in Jan. 2026 was 円3,465 Mil. Human Made's average Total Assets over the quarter that ended in Jan. 2026 was 円12,480 Mil. Therefore, Human Made's annualized ROA % for the quarter that ended in Jan. 2026 was 27.77%.

The historical rank and industry rank for Human Made's ROA % or its related term are showing as below:

TSE:456A' s ROA % Range Over the Past 10 Years
Min: 21.47   Med: 27.79   Max: 30.5
Current: 21.47

During the past 3 years, Human Made's highest ROA % was 30.50%. The lowest was 21.47%. And the median was 27.79%.

TSE:456A's ROA % is ranked better than
98.13% of 1069 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.88 vs TSE:456A: 21.47

Human Made  (TSE:456A) 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 bank’s 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:

ROA %(Q: Jan. 2026 )
=Net Income/Total Assets
=3465.08/12479.954
=(Net Income / Revenue)*(Revenue / Total Assets)
=(3465.08 / 17277.584)*(17277.584 / 12479.954)
=Net Margin %*Asset Turnover
=20.06 %*1.3844
=27.77 %

Note: The Net Income data used here is four times the quarterly (Jan. 2026) net income data. The Revenue data used here is four times the quarterly (Jan. 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.


Human Made ROA % Related Terms


Human Made ROA % Historical Data

* Premium members only.

The historical data trend for Human Made'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.

Human Made ROA % Chart

Human Made Annual Data
Trend Jan24 Jan25 Jan26
ROA %
27.79 30.50 25.85

Human Made Quarterly Data
Jan24 Jan25 Jul25 Oct25 Jan26 Apr26
ROA % Get a 7-Day Free Trial 0.00 0.00 37.55 27.77 23.32

TSE:456A vs RL, LEVI, VFC: ROA % Comparison

For the Apparel Manufacturing subindustry, Human Made'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.


Human Made ROA % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Human Made's ROA % distribution charts can be found below:

* The bar in red indicates where Human Made's ROA % falls into.


TSE:456A
21GF Score
Human Made Inc TSE:456A
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Human Made ROA % Calculation

Human Made's annualized ROA % for the fiscal year that ended in Jan. 2026 is calculated as:

ROA %=Net Income (A: Jan. 2026 )/( (Total Assets (A: Jan. 2025 )+Total Assets (A: Jan. 2026 ))/ count )
=2941.124/( (8243.005+14514.263)/ 2 )
=2941.124/11378.634
=25.85 %

Human Made's annualized ROA % for the quarter that ended in Jan. 2026 is calculated as:

ROA %=Net Income (Q: Jan. 2026 )/( (Total Assets (Q: Oct. 2025 )+Total Assets (Q: Jan. 2026 ))/ count )
=3465.08/( (10445.645+14514.263)/ 2 )
=3465.08/12479.954
=27.77 %

* 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 four times the quarterly (Jan. 2026) net income data. ROA % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 27.77% mean?
Human Made (TSE:456A) has a ROA % of 27.77% as of Jan. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Human Made and its competitors. This is near median its historical median of 27.79. Over the past decade, Human Made's ROA % has ranged from 21.47 to 30.50. According to the industry distribution chart, Human Made ranks #20 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 1.9%.
Is Human Made's ROA % too high?
Human Made's current ROA % of 27.77% is near median its 10-year median of 27.79. Over the past 10 years, this metric has ranged from a low of 21.47 to a high of 30.50. The Manufacturing - Apparel & Accessories industry median ROA % is 1.88. Human Made's value of 27.77% is 1377.1% above this industry median. Based on the distribution chart, Human Made ranks #20 out of 1069 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 21/100, reflecting its overall financial health beyond just this single metric.
How does Human Made's ROA % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Human Made ranks #20 out of 1069 companies for ROA %. This places Human Made in the top 2% of its industry — outperforming the majority of peers. The industry median ROA % is 1.88. Human Made's value of 27.77% is 1377.1% above this benchmark. Historically, Human Made's own ROA % has ranged from 21.47 to 30.50 over the past decade. While the company's 10-year median is 27.79 vs. the industry median of 1.88, 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 ROA % for a Manufacturing - Apparel & Accessories company?
The median ROA % among Manufacturing - Apparel & Accessories companies is 1.88, based on 1,069 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. Human Made's current ROA % of 27.77% is 1377.1% 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 Human Made and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROA % is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Human Made's current ROA % is 27.77%, which is near median its own 10-year median of 27.79. 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 ROA % of 27.77%. The current ROA % is 27.77%, which is near median its 10-year median of 27.79 and 1377.1% above the Manufacturing - Apparel & Accessories industry median of 1.88. Human Made's overall GF Score™ is 21/100 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 Human Made (TSE:456A), the current ROA % is 27.77% 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 Business Description

Address 2-24-9 Kamiosaki, Shinagawa-ku, Tokyo, JPN, 141-0021
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.
21GF Score

Get the complete analysis for TSE:456A

ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,493.00
Price