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Aso InternationalTSE:9340 +0.14%69 ROA % is 14.97% as of Mar. 2026, which is 11% above its 10-year median of 13.47. GuruFocus rates TSE:9340 with a GF Score™ of 69/100 and a GF Value™ of 円674.10 (Fairly Valued). The stock has 1 warning sign investors should review. Among 853 Medical Devices & Instruments companies, Aso International ranks better than 93.9% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Aso International's annualizedNet Income for the quarter that ended in Mar. 2026 was 円521 Mil.
Aso International's average Total Assets over the quarter that ended in Mar. 2026 was 円3,479 Mil. Therefore, Aso International's annualized ROA % for the quarter that ended in Mar. 2026 was 14.97%.
The historical rank and industry rank for Aso International's ROA % or its related term are showing as below:
TSE:9340'
s ROA % Range Over the Past 10 Years
Min: 12.86 Med: 13.47 Max: 20.13
Current: 14.96
During the past 6 years, Aso International's highest ROA % was 20.13%. The lowest was 12.86%. And the median was 13.47%.
TSE:9340's ROA % is ranked better than 93.9% of 853
companies
in the Medical Devices & Instruments industry
Industry Median: 0.74
vs TSE:9340: 14.96
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 four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
Aso International ROA % Related Terms
Aso International ROA % Historical Data
* Premium members only.
The historical data trend for Aso International'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 Medical Instruments & Supplies subindustry, Aso International'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.
Aso International ROA % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Aso International's ROA % distribution charts can be found below:
* The bar in red indicates where Aso International'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 four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Aso International (TSE:9340) has a ROA % of 14.97% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Aso International and its competitors. This is 11% above median its historical median of 13.47. Over the past decade, Aso International's ROA % has ranged from 12.86 to 20.13. According to the industry distribution chart, Aso International ranks #52 out of 853 companies in the Medical Devices & Instruments industry, placing it in the top 6.1%.
Is Aso International's ROA % too high?
Aso International's current ROA % of 14.97% is 11% above median its 10-year median of 13.47. Over the past 10 years, this metric has ranged from a low of 12.86 to a high of 20.13. The Medical Devices & Instruments industry median ROA % is 0.74. Aso International's value of 14.97% is 1923% above this industry median. Based on the distribution chart, Aso International ranks #52 out of 853 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Aso International has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aso International's ROA % compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Aso International ranks #52 out of 853 companies for ROA %. This places Aso International in the top 6% of its industry — outperforming the majority of peers. The industry median ROA % is 0.74. Aso International's value of 14.97% is 1923% above this benchmark. Historically, Aso International's own ROA % has ranged from 12.86 to 20.13 over the past decade. While the company's 10-year median is 13.47 vs. the industry median of 0.74, Aso International 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 Medical Devices & Instruments company?
The median ROA % among Medical Devices & Instruments companies is 0.74, based on 853 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. Aso International's current ROA % of 14.97% is 1923% 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 Aso International and its competitors. For the Medical Devices & Instruments industry, the median ROA % is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aso International's current ROA % is 14.97%, which is 11% above median its own 10-year median of 13.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aso International stock overvalued right now?
Based on GuruFocus' analysis, Aso International (TSE:9340) is currently considered Fairly Valued. The stock's GF Value™ is 円674.10, compared to a current price of 円704.00 — trading 4.4% above its estimated fair value. The current ROA % is 14.97%, which is 11% above median its 10-year median of 13.47 and 1923% above the Medical Devices & Instruments industry median of 0.74. Aso International's overall GF Score™ is 69/100 with 1 warning sign 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 Aso International (TSE:9340), the current ROA % is 14.97% 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 Aso International (TSE:9340) Overvalued in 2026?
Based on GuruFocus' analysis, Aso International stock appears to be overvalued.
The current stock price of 円704.00 is trading 4.4% above its estimated GF Value™ of 円674.10.
GuruFocus considers Aso International to be Fairly Valued.
Key valuation signals for TSE:9340:
ROA %: 14.97% (11% above median its 10-year median of 13.47)
GF Value™: 円674.10 vs. price of 円704.00 (4.4% above fair value)
Industry Position: 1923% above the Medical Devices & Instruments median (#52 of 853)
No single metric tells the full story. See the TSE:9340 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aso International Inc is engaged in the manufacturing and sale of orthodontic appliances. The company mainly manufactures and supplies custom-made orthodontic dental prostheses to dental medical institutions. Its product portfolio comprises Aso Liner, Specter 4D Print Retainer, 3D printers for dental prostheses, Harmony, a lingual orthodontic system, and various types of retainers, among others. The group operates in a single segment, the orthodontic business.
69GF Score
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