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.
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.
Advance ZincTekASX:ANO -1.83%68 Return-on-Tangible-Asset is 6.03% as of Dec. 2025, which is 17% above its 10-year median of 5.16. GuruFocus rates ASX:ANO with a GF Score™ of 68/100 and a GF Value™ of A$1.01 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,611 Chemicals companies, Advance ZincTek ranks better than 55.56% on this metric.
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. Advance ZincTek's annualizedNet Income for the quarter that ended in Dec. 2025 was A$2.32 Mil. Advance ZincTek's average total tangible assets for the quarter that ended in Dec. 2025 was A$38.39 Mil. Therefore, Advance ZincTek's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 6.03%.
The historical rank and industry rank for Advance ZincTek's Return-on-Tangible-Asset or its related term are showing as below:
ASX:ANO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.32 Med: 5.16 Max: 67.61
Current: 3.74
During the past 13 years, Advance ZincTek's highest Return-on-Tangible-Asset was 67.61%. The lowest was -2.32%. And the median was 5.16%.
ASX:ANO's Return-on-Tangible-Asset is ranked better than 55.56% of 1611
companies
in the Chemicals industry
Industry Median: 3.07
vs ASX:ANO: 3.74
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.
Advance ZincTek Return-on-Tangible-Asset Related Terms
Advance ZincTek Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Advance ZincTek'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.
ASX:ANO vs DOW: Return-on-Tangible-Asset Comparison
For the Chemicals subindustry, Advance ZincTek'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.
Advance ZincTek Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Advance ZincTek's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Advance ZincTek'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 6.03% mean?
Advance ZincTek (ASX:ANO) has a Return-on-Tangible-Asset of 6.03% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Advance ZincTek and its competitors. This is 17% above median its historical median of 5.16. According to the industry distribution chart, Advance ZincTek ranks #716 out of 1611 companies in the Chemicals industry, placing it in the top 44.4%.
Is Advance ZincTek's Return-on-Tangible-Asset too high?
Advance ZincTek's current Return-on-Tangible-Asset of 6.03% is 17% above median its 10-year median of 5.16. The Chemicals industry median Return-on-Tangible-Asset is 3.07. Advance ZincTek's value of 6.03% is 96.4% above this industry median. Based on the distribution chart, Advance ZincTek ranks #716 out of 1611 companies in the Chemicals industry, which is above the industry midpoint. Overall, Advance ZincTek has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Advance ZincTek's Return-on-Tangible-Asset compare to DOW?
According to the Chemicals industry distribution chart, Advance ZincTek ranks #716 out of 1611 companies for Return-on-Tangible-Asset. This puts Advance ZincTek in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.07. Advance ZincTek's value of 6.03% is 96.4% above this benchmark. While the company's 10-year median is 5.16 vs. the industry median of 3.07, Advance ZincTek 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 Return-on-Tangible-Asset for a Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.07, based on 1,611 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Advance ZincTek's current Return-on-Tangible-Asset of 6.03% is 96.4% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Advance ZincTek and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advance ZincTek's current Return-on-Tangible-Asset is 6.03%, which is 17% above median its own 10-year median of 5.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advance ZincTek stock overvalued right now?
Based on GuruFocus' analysis, Advance ZincTek (ASX:ANO) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.01, compared to a current price of A$0.81 — trading 20.3% below its estimated fair value. The current Return-on-Tangible-Asset is 6.03%, which is 17% above median its 10-year median of 5.16 and 96.4% above the Chemicals industry median of 3.07. Advance ZincTek's overall GF Score™ is 68/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Advance ZincTek (ASX:ANO), the current Return-on-Tangible-Asset is 6.03% as of Dec. 2025. 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 Advance ZincTek (ASX:ANO) Overvalued in 2026?
Based on GuruFocus' analysis, Advance ZincTek stock appears to be undervalued.
The current stock price of A$0.81 is trading 20.3% below its estimated GF Value™ of A$1.01.
GuruFocus considers Advance ZincTek to be Modestly Undervalued.
Key valuation signals for ASX:ANO:
Return-on-Tangible-Asset: 6.03% (17% above median its 10-year median of 5.16)
GF Value™: A$1.01 vs. price of A$0.81 (20.3% below fair value)
Industry Position: 96.4% above the Chemicals median (#716 of 1611)
No single metric tells the full story. See the ASX:ANO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Advance ZincTek Ltd is engaged in the manufacture of aluminium oxide powder (Alusion), zinc oxide dispersions, and zinc oxide powder (collectively ZinClear) for the Personal Care Sector. The company operates in a single segment which is the Personal Care segment which produces and distributes dispersions of mineral-only UV filters in cosmetic emollients used for sunscreen, skincare and pharmaceutical formulations, as well as alumina plate-like powders used for cosmetic applications. Geographically, the company derives maximum revenue from United States of America and Canada, Australia, and the Rest of the world.
68GF Score
Get the complete analysis for ASX:ANO
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:ANO has been successfully added to your 
