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Techlead Next PCLBKK:TL 25 Return-on-Tangible-Asset is 21.32% as of Mar. 2026. GuruFocus rates BKK:TL with a GF Score™ of 25/100. The stock has 2 warning signs investors should review. Among 2,892 Software companies, Techlead Next PCL ranks better than 85.89% 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. Techlead Next PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿121.4 Mil. Techlead Next PCL's average total tangible assets for the quarter that ended in Mar. 2026 was ฿569.6 Mil. Therefore, Techlead Next PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 21.32%.
The historical rank and industry rank for Techlead Next PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:TL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -375.11 Med: -1.51 Max: 14.75
Current: 14.75
During the past 13 years, Techlead Next PCL's highest Return-on-Tangible-Asset was 14.75%. The lowest was -375.11%. And the median was -1.51%.
BKK:TL's Return-on-Tangible-Asset is ranked better than 85.89% of 2892
companies
in the Software industry
Industry Median: 2.07
vs BKK:TL: 14.75
Techlead Next PCL (BKK:TL) 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.
Techlead Next PCL Return-on-Tangible-Asset Related Terms
Techlead Next PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Techlead Next PCL'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.
BKK:TL vs MSFT, ORCL, PLTR: Return-on-Tangible-Asset Comparison
For the Software - Infrastructure subindustry, Techlead Next PCL'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.
Techlead Next PCL Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Techlead Next PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Techlead Next PCL'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 21.32% mean?
Techlead Next PCL (BKK:TL) has a Return-on-Tangible-Asset of 21.32% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Techlead Next PCL and its competitors. According to the industry distribution chart, Techlead Next PCL ranks #408 out of 2892 companies in the Software industry, placing it in the top 14.1%.
Is Techlead Next PCL's Return-on-Tangible-Asset too high?
Techlead Next PCL's current Return-on-Tangible-Asset is 21.32%. The Software industry median Return-on-Tangible-Asset is 2.07. Techlead Next PCL's value of 21.32% is 930% above this industry median. Based on the distribution chart, Techlead Next PCL ranks #408 out of 2892 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Techlead Next PCL has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Techlead Next PCL's Return-on-Tangible-Asset compare to MSFT and ORCL?
According to the Software industry distribution chart, Techlead Next PCL ranks #408 out of 2892 companies for Return-on-Tangible-Asset. This places Techlead Next PCL in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.07. Techlead Next PCL's value of 21.32% is 930% above this benchmark. 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.07, based on 2,892 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. Techlead Next PCL's current Return-on-Tangible-Asset of 21.32% is 930% 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 Techlead Next PCL and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techlead Next PCL's current Return-on-Tangible-Asset is 21.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techlead Next PCL stock overvalued right now?
Techlead Next PCL (BKK:TL) has a current Return-on-Tangible-Asset of 21.32%. The current Return-on-Tangible-Asset is 21.32% and 930% above the Software industry median of 2.07. Techlead Next PCL's overall GF Score™ is 25/100 with 2 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 Techlead Next PCL (BKK:TL), the current Return-on-Tangible-Asset is 21.32% 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.
Techlead Next PCL operates as a provider of diverse technology solutions, offering a range of services including secure online payment systems (Payment Gateway) that connect buyers and sellers. It also offers digital media communication services for brand engagement and develops customized campaigns and software solutions tailored to different industry requirements.
25GF Score
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