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. Asahi Yukizai's annualizedNet Income for the quarter that ended in Dec. 2023 was 円10,816 Mil. Asahi Yukizai's average total tangible assets for the quarter that ended in Dec. 2023 was 円94,369 Mil. Therefore, Asahi Yukizai's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 11.46%.
The historical rank and industry rank for Asahi Yukizai's Return-on-Tangible-Asset or its related term are showing as below:
TSE:4216'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.7 Med: 4.92 Max: 12.47
Current: 12.46
During the past 13 years, Asahi Yukizai's highest Return-on-Tangible-Asset was 12.47%. The lowest was 1.70%. And the median was 4.92%.
TSE:4216's Return-on-Tangible-Asset is ranked better than 90.53% of 1669
companies
in the Construction industry
Industry Median: 2.75
vs TSE:4216: 12.46
Asahi Yukizai Return-on-Tangible-Asset Historical Data
The historical data trend for Asahi Yukizai'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.
Competitive Comparison of Asahi Yukizai's Return-on-Tangible-Asset
For the Building Products & Equipment subindustry, Asahi Yukizai'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.
Asahi Yukizai's Return-on-Tangible-Asset Distribution in the Construction Industry
For the Construction industry and Industrials sector, Asahi Yukizai's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Asahi Yukizai'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 four times the quarterly (Dec. 2023) net income data.
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.
Asahi Yukizai Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Asahi Yukizai's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Asahi Yukizai Corp engages in the manufacture and sale of industrial resins and piping materials. The firm offers synthetic resin piping material for valves, pipes, fittings, and other locations, as well as the Dymatrix high-performance synthetic resin piping material for LCD- and semiconductor-related systems; and foundry materials and functional resins for casting, molding materials, high functional materials, and others. It also engages in the development and supply of water and thermal resources, including well drilling and geothermal exploitation, and hot spring exploitation; design and construction of water utility facilities and reuse of wastewater; industrial water and wastewater treatment; and provision of public sewage facilities.
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