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HiTech Group AustraliaASX:HIT 81 Return-on-Tangible-Asset is 22.82% as of Dec. 2025, which is 22% below its 10-year median of 29.32. GuruFocus rates ASX:HIT with a GF Score™ of 81/100 and a GF Value™ of A$1.89 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,096 Business Services companies, HiTech Group Australia ranks better than 97.08% 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. HiTech Group Australia's annualizedNet Income for the quarter that ended in Dec. 2025 was A$4.08 Mil. HiTech Group Australia's average total tangible assets for the quarter that ended in Dec. 2025 was A$17.86 Mil. Therefore, HiTech Group Australia's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 22.82%.
The historical rank and industry rank for HiTech Group Australia's Return-on-Tangible-Asset or its related term are showing as below:
ASX:HIT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 23.63 Med: 29.32 Max: 36.96
Current: 28.36
During the past 13 years, HiTech Group Australia's highest Return-on-Tangible-Asset was 36.96%. The lowest was 23.63%. And the median was 29.32%.
ASX:HIT's Return-on-Tangible-Asset is ranked better than 97.08% of 1096
companies
in the Business Services industry
Industry Median: 3.955
vs ASX:HIT: 28.36
HiTech Group Australia (ASX:HIT) Return-on-Tangible-Asset Explanation
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.
HiTech Group Australia Return-on-Tangible-Asset Related Terms
HiTech Group Australia Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for HiTech Group Australia'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.
HiTech Group Australia Return-on-Tangible-Asset Chart
ASX:HIT vs KFY, RHI, TNET: Return-on-Tangible-Asset Comparison
For the Staffing & Employment Services subindustry, HiTech Group Australia'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.
HiTech Group Australia Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, HiTech Group Australia's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where HiTech Group Australia'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 22.82% mean?
HiTech Group Australia (ASX:HIT) has a Return-on-Tangible-Asset of 22.82% 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 HiTech Group Australia and its competitors. This is 22% below median its historical median of 29.32. Over the past decade, HiTech Group Australia's Return-on-Tangible-Asset has ranged from 23.63 to 36.96. According to the industry distribution chart, HiTech Group Australia ranks #32 out of 1096 companies in the Business Services industry, placing it in the top 2.9%.
Is HiTech Group Australia's Return-on-Tangible-Asset too high?
HiTech Group Australia's current Return-on-Tangible-Asset of 22.82% is 22% below median its 10-year median of 29.32. Over the past 10 years, this metric has ranged from a low of 23.63 to a high of 36.96. The Business Services industry median Return-on-Tangible-Asset is 3.96. HiTech Group Australia's value of 22.82% is 477% above this industry median. Based on the distribution chart, HiTech Group Australia ranks #32 out of 1096 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, HiTech Group Australia has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HiTech Group Australia's Return-on-Tangible-Asset compare to KFY and RHI?
According to the Business Services industry distribution chart, HiTech Group Australia ranks #32 out of 1096 companies for Return-on-Tangible-Asset. This places HiTech Group Australia in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.96. HiTech Group Australia's value of 22.82% is 477% above this benchmark. Historically, HiTech Group Australia's own Return-on-Tangible-Asset has ranged from 23.63 to 36.96 over the past decade. While the company's 10-year median is 29.32 vs. the industry median of 3.96, HiTech Group Australia 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.96, based on 1,096 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. HiTech Group Australia's current Return-on-Tangible-Asset of 22.82% is 477% 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 HiTech Group Australia and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HiTech Group Australia's current Return-on-Tangible-Asset is 22.82%, which is 22% below median its own 10-year median of 29.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HiTech Group Australia stock overvalued right now?
Based on GuruFocus' analysis, HiTech Group Australia (ASX:HIT) is currently considered Possible Value Trap. The stock's GF Value™ is A$1.89, compared to a current price of A$0.94 — trading 50.3% below its estimated fair value. The current Return-on-Tangible-Asset is 22.82%, which is 22% below median its 10-year median of 29.32 and 477% above the Business Services industry median of 3.96. HiTech Group Australia's overall GF Score™ is 81/100 with 5 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 HiTech Group Australia (ASX:HIT), the current Return-on-Tangible-Asset is 22.82% 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 HiTech Group Australia (ASX:HIT) Overvalued in 2026?
Based on GuruFocus' analysis, HiTech Group Australia stock appears to be undervalued.
The current stock price of A$0.94 is trading 50.3% below its estimated GF Value™ of A$1.89.
GuruFocus considers HiTech Group Australia to be Possible Value Trap.
Key valuation signals for ASX:HIT:
Return-on-Tangible-Asset: 22.82% (22% below median its 10-year median of 29.32)
GF Value™: A$1.89 vs. price of A$0.94 (50.3% below fair value)
Industry Position: 477% above the Business Services median (#32 of 1096)
No single metric tells the full story. See the ASX:HIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HiTech Group Australia Ltd is engaged in recruitment services for permanent and contract staff to the ICT sector. It currently supplies permanent and contract staff from its database of over specialised ICT, Finance, and Office Support professionals. Its main business comes from IT contracting/consulting.
81GF Score
Get the complete analysis for ASX:HIT
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