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Toyo Tire Corp
TSE:5105

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Toyo Tire Corp Logo
Toyo Tire Corp
TSE:5105
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Price: 2 874 JPY 2.06% Market Closed
Updated: Apr 26, 2024

ROA
Return on Assets

11.6%
Current
8%
Average
3.4%
Industry

ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.

ROA
11.6%
=
Net Income
72.3B
/
Total Assets
622.5B

ROA Across Competitors

ROA Comparison
Toyo Tire Corp Competitors

Country JP
Market Cap 442.5B JPY
ROA
12%
Country JP
Market Cap 4.6T JPY
ROA
6%
Country CN
Market Cap 50.5B CNY
ROA
7%
Country IN
Market Cap 552.9B INR
ROA
8%
Country IT
Market Cap 6B EUR
ROA
3%
Country IN
Market Cap 459.1B INR
ROA
10%
Country KR
Market Cap 6.9T KRW
ROA
6%
Country CN
Market Cap 33.3B CNY
ROA
3%
Country TW
Market Cap 148.8B TWD
ROA
5%
Country JP
Market Cap 636.1B JPY
ROA
5%

Profitability Report

View the profitability report to see the full profitability analysis for Toyo Tire Corp.

See Also

Discover More
What is Return on Assets?

ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.

ROA
11.6%
=
Net Income
72.3B
/
Total Assets
622.5B
What is the ROA of Toyo Tire Corp?

Based on Toyo Tire Corp's most recent financial statements, the company has ROA of 11.6%.